drjobs Senior Associate Portfolio Construction Manager Selection - PGIM Multi Asset Solutions Hybrid Newark NJ

Senior Associate Portfolio Construction Manager Selection - PGIM Multi Asset Solutions Hybrid Newark NJ

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Job Location drjobs

Newark - USA

Monthly Salary drjobs

$ 160000 - 180000

Vacancy

1 Vacancy

Job Description

Job Classification:

Corporate Human Resources

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE

As the Global Asset Management business of Prudential were always looking for ways to improve financial services. Were passionate about making a meaningful impact touching the lives of millions and solving financial challenges in an everchanging world.

We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM youll unlock a motivating and impactful career all while growing your skills and advancing your profession at one of the worlds leading global asset managers!

If youre not afraid to think differently and challenge the status quo come and be a part of a dedicated team thats investing in your future by shaping tomorrow today.

At PGIM You Can!

What you can expect

The PGIM MultiAsset Solutions (PMA) team is looking for a sharp and analytical individual to join the team as a Senior Associate Portfolio Construction and Manager Selection . You will be reporting to the CoHead of Portfolio Management and will be part of the investment team with the following key responsibilities:

  • Work with broader investment and risk teams within PMA in assessing new asset classes and investment opportunities

  • Construct customized portfolios including appropriate implementations taking into consideration client objectives and constraints

  • Evaluate suitability of PGIM strategies relative to client portfolio objectives and constraints

  • Calculate managerlevel risk and return analytics including historical metrics and scenario analyses to fully analyze risk and return tradeoffs

  • Liaise with relevant PMA teams and external parties to perform due diligence and select thirdparty managers where appropriate for use across PMA client portfolios

  • Prepare memos with relevant risk and return analytics to support investment case for specific manager implementations

  • Present manager recommendations to internal PMA stakeholders and clients as needed

  • Work with PMA PM and Operations teams to onboard new managers including negotiation of manager guidelines

  • Meet regularly with managers (both internal and external) to monitor changes in strategy PM team flows performance and risks

  • Promptly update PM and client teams on any manager issues which require portfolio actions

  • Contribute to new investment and implementation ideas

What you will bring

  • Bachelors Degree or equivalent required

  • 57 years of direct experience in manager due diligence and selection with a special focus in alternative strategies (e.g. private credit equity and hedge funds)

  • Understanding of portfolio construction theories and techniques

  • Familiarity with multiasset classes with a specific emphasis on fixed income and alternative asset classes

  • Quantitative background in financial modelling data analytics and statistical methods

  • Ability to analyze large amount of data in order to generate a clear conclusion and recommendation

  • Fluent in techniques to evaluate riskreturn characteristics of different asset classes and manager types

  • Knowledge of private asset cash flow models

  • Familiarity with utilization different asset class databases (e.g. Preqin Morningstar Cambridgeetc)

  • Expertise in assessing risk exposures for portfolios supporting various insurance liabilities

  • Creative problem solver with focus on innovation

  • Must be able to effectively partner with teams across PMA and PGIM asset managers

  • Strong communicator with ability to develop reports and present them to clients and senior management

What will set you apart

  • Openminded innovative strategic thinker

  • Chartered Financial Analyst (CFA) designation is preferred

*PGIM welcomes all applicants even if you dont meet every requirement. If your skills align with the role we encourage you to apply.

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $160000 to $180000. Specific pricing for the role may vary within the above range based on many factors including geographic location candidate experience and skills.

About PGIM MultiAsset Solutions

PGIM MultiAsset Solutions (PMA) is a business within PGIM responsible for providing institutional clients assetliability management and multiasset class solutions with liability driven and insurance expertise. On behalf of its clients PMA will oversee portfolio construction and management and will partner with PGIM affiliates including PGIM Fixed Income PGIM Private Capital PGIM Real Estate and PGIM Quantitative Solutions to deliver best in class origination trading research and risk management capabilities across a full range of asset classes.

What we offer you:

  • Market competitive base salaries with a yearly bonus potential at every level.

  • Medical dental vision life insurance disability insurance Paid Time Off (PTO) and leave of absences such as parental and military leave.

  • 401(k) plan with company match (up to 4.

  • Companyfunded pension plan.

  • Wellness Programs including up to $1600 a year for reimbursement of items purchased to support personal wellbeing needs.

  • Work/Life Resources to help support topics such as parenting housing senior care finances pets legal matters education emotional and mental health and career development.

  • Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.

  • Employee Stock Purchase Plan: Shares can be purchased at 85 of the lower of two prices (Beginning or End of the purchase period) after one year of service.

Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program whereby an award if any depends on various factors including without limitation individual and organizational performance. To find out more about our Total Rewards package visit Work Life Balance Prudential Careers. Some of the above benefits may not apply to parttime employees scheduled to work less than 20 hours per week.


Required Experience:

Manager

Employment Type

Full-Time

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