PGIM Fixed Income - Principal, Portfolio Specialist, Securitized Credit (Hybrid/Newark, NJ) at Prudential Ins Co of America

Posted in Accounting 30+ days ago.

Type: Full-Time
Location: Newark, New Jersey





Job Description:

Job Classification:

Investment Management - Portfolio Research

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE

As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing 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, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers! 

If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today.

At PGIM, You Can!

Position Summary: 

 

PGIM Fixed Income Portfolio Specialists are investment professionals that specialize in a fixed income sector. They are recognized internally and externally as experts in their area. These professionals use their highly specialized knowledge of financial markets and client demand across institutional and retail channels to lead business opportunities within their sector or investment style. Furthermore they are responsible for representing their firm investment capabilities to clients, consultants and prospects. 

 

For this position candidates should demonstrate a mastery of fixed income markets and experience in the management or oversight of securitized product portfolios.  Importantly, this role will sit with and be part of the securitized product investment team while reporting to the head of the portfolio specialist group.    

 

It is imperative that a candidate have experience in ABS, CLOs, CMBS, RMBS and be able to clearly articulate investment strategy, performance/attribution, positioning as well as outlook to both external as well as internal stakeholders of varying degrees of market expertise.    

 

Primary Responsibilities: 

Objective: Develop a deep understanding of PGIM’s securitized offerings as well as develop and execute the desks communications to both institutional and retail clients and prospects.   

 

To do this effectively, the successful candidate will be the subject matter expert within securitized products and should be able to clearly communicate our capabilities, competitive advantages, process, performance history, market views, risk management, portfolio construction/positioning and outlook.  This will be done both virtually as well as in person through multiple channels such as: 

  • Portfolio reviews 

  • Product pitches  

  • Roadshows/conferences 

  • Market updates and outlooks  

  • Educational presentations 

  • Written responses to client/prospect inquiries  

  • Product expertise for marketing materials including slides and RFPs  

 

While the degree will vary based on the candidate and their experience, a successful candidate will provide market views, participate in investment strategy meetings and contribute to the overall investment process.   

 

This role will need to proactively deliver market and investment expertise/content to the relationship management, consultant relations and sales teams as well as educate them on how to best position and communicate our securitized offerings.  This will be done primarily through: 

  • Ensuring proper/effective follow-up with clients and prospects. 

  • Support marketing campaigns. 

  • Initiate and write thought pieces/outlooks.  

  • Deliver timely views on market events to the above-mentioned teams.  

  • Lead internal educational meetings with the above-mentioned teams. 

 

Additionally, the role will collaborate with the product development team and marketing regarding new/existing offerings, competitive analysis and continue to help enhance RFP responses, marketing material and reports.   

 

Travel both domestically and internationally is required and while it will vary based on demand, expect travel to be 20-40%.   

 

Competencies and attributes: 

  • Strong communication skills both verbal and written - candidates must clearly and effectively communicate complex strategies to highly sophisticated as well as more hands-off allocators.   

  • Proactive self-starter with an entrepreneurial mindset, ability to adapt and a positive attitude.   

  • High level of organizational skills and the ability to prioritize work according to business needs. 

  • Ability to forge trusting relationships both externally as well as internally.  

 

Required Qualifications: 

  • 7+ years of securitized product experience, preferably on the buy-side and a strong knowledge of securitized product investment strategies.   

  • Must have market experience and not only client experience - prior experience as a risk-taker or oversight of risk-takers is necessary: portfolio managers, allocators/investors, junior portfolio managers, consultant, analyst or similar required.    

 

*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

What we offer you


  • Medical, dental, vision, life insurance and PTO (Paid Time Off)


  • Retirement plans:


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


  • Company-funded pension plan


  • Wellness Programs to help you achieve your wellbeing goals, including up to $1,600 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 health, and career development.


  • Tuition Assistance to help finance traditional college enrollment, approved degrees, many accredited certificate programs, and industry designations.


To find out more about our Total Reward package, Total Rewards Brochure

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 $200,000 to $225,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. 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.

About PGIM Fixed Income

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. With approximately 1000 employees and $821Bn assets under management, the company has offices in Newark, London, Letterkenny, Amsterdam, Munich, Zurich, Tokyo, Hong Kong, and Singapore. Our business climate is a safe inclusive environment, centered around mutual respect, intellectual honesty, transparency, and teamwork. Our leaders are focused on talent & culture; dedicated to fostering growth & development at all levels to develop the industry leaders of tomorrow.  

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

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 company's 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.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law. 

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.

Please note that the above email is solely for individuals with disabilities requesting an accommodation.  If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.





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