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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: Newark, New Jersey

Salary: $155K - $180K

PGIM, formerly Prudential Investment Management, is the asset management arm of American life insurance company Prudential Financial. Headquartered in Newark, New Jersey, United States, PGIM manages more than $1 trillion in assets across its fixed income, equity, real estate, alternatives, and multi-asset channels, including $283 billion for retail investors, and $553 billion for institutional clients. Details below.

What You Will Do

The PGIM Fixed Income Client Advisory Group (CAG) consists of sales, relationship management, product, client service and marketing. The team is global with individuals based in the US, Europe, and Asia. Responsible for all product, client, consultant and prospect activities, including business development, the team works closely with all divisions of PGIM Fixed Income.

We are seeking to add an experienced Product Strategy Director who will be responsible for developing and executing on product strategy initiatives, with a focus on our growing alternative investment capabilities, such as hedge funds and private credit vehicles. This is a very visible role that will meaningfully impact the firm’s bottom line.

What You Can Expect

 

  • Develop a deep understanding of PGIM Fixed Income’s capabilities, competitive advantages, and current investment strategy line-up
  • Help define and build the business case for new product strategy initiatives with a focus on alternative offerings, through assembling fact-based arguments and developing compelling presentations to senior management
  • Help monitor, anticipate and assess market, client, competitor and regulatory trends to drive product strategy and identify opportunities for product innovation
  • Assist with new product idea generation, with a focus on alternatives, by conducting primary and secondary research and competitive analyses (e.g., product performance, market positioning, etc.)
  • Synthesize research and develop concise and effective presentations
  • Build new tools utilizing state-of-the-art data techniques to automate reports and generate new business insights

What You Will Bring

 

  • Degree in related studies with possible concentrations in Finance, Math, Engineering, or Operational Research – Financial Engineering
  • 5-10 years of relevant product strategy and development experience working for a leading financial institution or consultant.
  • Knowledge alternative pooled products preferred (Hedge Funds, Drawdown, etc.), their regulations and mechanics (liquidity, pricing, strategy)
  • Familiarity with extracting and analyzing data from Bloomberg, eVestment, Preqin and/or Morningstar Direct and their relevant APIs
  • Excellent communication skills (verbal and written) used to clearly present complex business ideas
  • 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, visit Work Life Balance | Prudential Careers

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 $155,000 to $180,000. 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 $793bn 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.

About PGIM – Global Asset Management

PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with nearly US$1.27 trillion in assets under management as of June 30th, 2023 With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives.

With a history dating back 145 years, and experience through more than 30 market cycles, PGIM takes a long-term view, not only in our investment philosophy, but also in how we develop our talent. We want to see our employees excel from their first day with the firm and throughout their tenure with PGIM. We will inspire you, support you, and help you reach your greatest personal and professional aspirations. If PGIM sounds like the place for you, join us. For more information about PGIM, visit PGIM.com.

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

Our Commitment to Diversity, Equity, and Inclusion

Prudential Financial, Inc. is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.

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.

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.