23 days old

Portfolio Manager, International Reinsurance Investment Portfolios - CHI00042

Prudential
Newark, NJ
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  • Job Code
    588360
Primary Location United States-New Jersey-Newark (NJ)
Job:Full-time
Travel:
Description
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International Portfolio Management (IPM) is a unit of the Chief Investment Office and is responsible for the management of international insurance investment portfolios, both those within local legal entities abroad and reinsured to domestic legal entities. Prudentials International Insurance portfolios have assets under management of over $200 billion, and IPMs Portfolio Managers are responsible for the strategic and tactical management of these investments to support insurance liabilities and financial targets. 


IPM seeks to achieve the objectives of our clients by: Emphasizing a deep understanding of product liability structures and asset / liability management; Developing strategic and tactical asset allocations, primarily utilizing Prudentials Asset Management Units asset origination capabilities; and Consistently applying a disciplined risk management framework. The portfolios are broadly diversified across asset classes, industry sectors, geographic regions, and issuers, and are invested primarily in public and private fixed-maturity securities and commercial mortgage loans.


Responsibilities include:

  • This role will have primary responsibility for IPMs reinsurance portfolios, representing $25B of AUM
  • Daily management of portfolio positioning and ensuring the portfolio achieves its investment objectives, including: Target asset allocation; Hitting AOI goals; and Mitigating key fixed income risks such as duration, key rate duration, spread duration, and convexity.
  • Understanding and managing within risk limits, and recommending changes as appropriate, to enhance the portfolio.
  • Making investment decisions to optimize hedging of liabilities using fixed income securities, alternative assets, and interest rate/credit derivatives.
  • Providing input on portfolio transactions and risk-hedging positions for Prudentials Japan-based insurance operations
  • Monitor capital market developments and conduct investment related research in order to identify and propose investment opportunities
  • Develop quantitative models to measure investment decisions including relative value analysis, and risk analysis and performance (including NII and return attribution)
  • Collaborate with relevant business units to support strategic initiatives, pricing, new transactions, capital and reserve issues, and provide market insight and portfolio structuring recommendations given current markets
  • Communicate investment strategies and results to relevant parties across CIO and Prudential


Qualifications
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  • A minimum of seven years of relevant portfolio management experience
  • Direct experience with asset/Liability management, derivatives execution and hedging, portfolio strategy
  • Exposure to management of large investment portfolios of fixed income and derivative (rates and credit) assets hedging insurance liabilities (retirement, life, stable value strategies) or other Liability Driven Investment (LDI) strategies
  • Proficiency in Excel-based modeling (experience with VBA, MATLAB, or C is a plus)
  • MBA or relevant Masters Degree
  • CFA designation is preferred


@!*!Prudential is a multinational financial services leader with operations in the United States Asia Europe and Latin America. Leveraging its heritage of life insurance and asset management expertise Prudential is focused on helping individual and institutional customers grow and protect their wealth. The companys well-known Rock symbol is an icon of strength stability expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services including life insurance annuities retirement-related services mutual funds asset management and real estate services. For more information please visit www.prudential.com.

Prudential is not accepting unsolicited resumes from search firms for this open position unless contracted with Staffing. Agencies must work with Staffing as the primary point of contact and follow the Prudential application process to be considered for business. All resumes submitted by search firms to any employee at Prudential via-email Internet or directly to hiring managers in any form without a valid written search agreement in place for that position will be deemed the sole property of Prudential and no fee will be paid in the event the candidate is hired by Prudential.
Note: Any search agreement entered into with Prudential before January 2004 is null and void. Search firms are essential to the recruitment and staffing efforts at Prudential and we value the partnerships we have built with our preferred vendors. Prudential has established and regularly maintains a preferred vendor list and even preferred vendors need to have a written search agreement signed by the Director Recruiting Programs Staffing at Prudential in place for the specific position in order for a fee to be paid for any candidate referrals.
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Posted: 2020-05-08 Expires: 2020-06-07
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Portfolio Manager, International Reinsurance Investment Portfolios - CHI00042

Prudential
Newark, NJ

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