Apply on Company Website
International Portfolio Management (IPM), a division of Prudential’s CIO Organization, is responsible for coordinating and overseeing all aspects of portfolio management for Prudential’s international insurance businesses, including asset/liability management and portfolio construction.
This Newark-based position will report to an experienced portfolio manager as part of a team that directly supports the Chief Investment Officer - International.
- Collaborate with investment officers of our foreign-domiciled International Insurance units in the development of asset-liability management oriented investment policies and portfolio strategies that satisfy the business’s multiple objectives and constraints, including: investment income requirements, tolerance for financial statement volatility, RAROC, economic risk of loss, and returns on economic capital.
- Support the local investment officers in constructing and implementing investment plans.
- Develop/apply analysis and reporting tools for evaluating investment activities in the context of financial and economic frameworks.
- Manage and support “special projects” on portfolio management-related issues such as building and supporting liability models, developing product hedging strategies, evaluating suitability and relative attractiveness of potential investment initiatives, and analyzing new business opportunities.
- Coordinate foreign currency and other portfolio transactions and risk-hedging positions on behalf of our major international insurance operations.
- Coordinate and partner with other International Insurance functional representatives, and corporate functions (e.g., Enterprise Risk Management, Corporate Actuarial, Treasurer’s Department, and Finance) in addressing issues impacting the International Insurance portfolios.
- The ideal candidate will have five or more years of portfolio or investment analysis experience within a financial services organization.
- Possess very strong analytic and quantitative skills.
- MBA/MS-Finance degree or candidate, and CFA charter is preferred.
- Have knowledge of investment/asset allocation theory and fixed income mathematics.
- Have experience and/or strong interest in investment markets in the US and globally.
- Proficiency in Excel-based modeling (experience with VBA, MATLAB, or C++ is a plus).
- Possess strong interpersonal skills, clear communication skills, team orientation, and the desire and ability to work with business partners of different national, cultural, and language backgrounds.
- Have working knowledge of insurance liabilities