Senior Associate - International Portfolio Management Job Listing at Prudential in Newark, NJ

Insurance, Finance

Overview:
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.
 

Responsibilities:

• 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. 

Skills/Qualifications:  

• 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