Senior Investment Associate, Portfolio Management

Job Classification:
Investment Management - Investments

Global Portfolio Management (GPM), a team within Prudential's CIO Organization, coordinates and oversees portfolio management for Prudential's insurance businesses around the world. Each international business is subject to specific capital regimes, investment universes, regulatory structures, and support requirements which GPM addresses individually. Prudential relies on GPM's investment expertise to evaluate new investment opportunities as it seeks strategic opportunities for growth and income enhancement.

This Newark-based position will focus on Prudential's Japanese-domiciled portfolios, with some responsibility for portfolios supporting reinsurance from Japan to the United States. The position reports to the Investment Senior Vice President, Head of Japan Operations Portfolio Management, and directly supports the Head of Global Portfolio Management.

The current EWA for this position is Hybrid and requires on‑site presence as determined by business needs.

• Collaborate with a team that includes representatives from the investment staff of foreign‑domiciled insurance businesses to create asset liability management‑focused investment policies and portfolio strategies.
• Support the development and implementation of annual investment plans and periodic updates.
• Design and develop reports that provide critical information to senior management regarding investments and performance.
• Support the development of appropriate investment strategies for each portfolio.
• Act as a liaison between GPM and local teams.
• Collaborate with local investment teams on portfolio management topics:
  • Asset/liability management and portfolio construction
  • Analytic and implementation support for new investment initiatives, transactions, and product development initiatives
  • Monitoring, reviewing, and selection of new asset managers
  • Follow market developments and understand how they impact the portfolio and strategy
  • Research relative‑value opportunities from a qualitative and quantitative perspective
• Prepare senior management presentations related to the investment portfolio and key initiatives.
• Analyze positions and ALM positioning for USD, JPY, AUD portfolios and smaller portfolios in other currencies.
• Evaluate new asset classes and opportunities to enhance portfolio performance and diversification.
• Lead and coordinate with local investment teams, Finance, Actuarial, Risk Management, Operations/Systems, and other stakeholders to develop portfolio analytics and reporting capabilities.
• Provide technical advice and support to local investment officers on portfolio management and investment issues.
• Evaluate product hedging requirements and related pricing considerations.
• Build quantitative analytic and reporting capabilities.
• Facilitate and support an appropriate governance process and streamline communication in all investment‑related matters back to Prudential.
• Support, facilitate, and influence Joint Ventures partners to establish governance frameworks aligned with Prudential Operating Principles, including IPS and local Investment Committees.
• Represent GPM in portfolio performance review meetings, asset manager discussions, portfolio strategy meetings, and meetings focused on asset liability management. Due to time‑zone differences, meetings may be held in the early morning or evening.
• Collaborate with affiliated and unaffiliated asset managers to understand market conditions, trends, and opportunities.
• Coordinate foreign currency and other portfolio transactions and risk‑hedging positions on behalf of major international insurance operations.
• Partner with other International Insurance functional representatives and corporate partners (e.g., Enterprise Risk Management, Corporate Actuarial, Treasury, and Finance) to address issues impacting Japan Operations portfolios.
• Other duties as assigned.

• 7+ years of portfolio management or investment analysis experience within a financial services organization.
• BS/BA degree (or demonstrated proficiency) in a highly quantitative field such as statistics, mathematics, business, engineering, economics, computer science, finance,…