Investment Analyst

Prudential Annuities Distributors (PAD); Newark (NJ); Hybrid; USD 80,000 - 110,000; Full time

Job summary

Prudential Annuities Distributors seeks a detail-oriented Investment Analyst to assist in managing over $20 billion in retirement assets. The role involves due diligence on investment strategies and creating presentations for the Investment Committee. Competitive salary and comprehensive benefits package offered.

Benefits

401(k) plan with company match

Company-funded pension plan

Wellness programs reimbursement

Education benefits for traditional college and accredited certificate programs

Employee Stock Purchase Plan

Qualifications

• 3+ years investment management or financial services experience.
• Experience working with actuaries and/or counsel.
• Advanced Excel skills; coding knowledge preferred.

Responsibilities

• Assist in the management of employee benefit plans including pension and 401(k).
• Review documentation and research asset manager strategies.
• Support development of quantitative risk analyses of the Plans.

Skills

Investment management

Due diligence

Research

Analytical skills

Excel

Education

Bachelor’s degree in finance, accounting, mathematics or engineering

Job description

Employee Benefits Investments (EBI) is responsible for over $20 billion in assets in retirement assets in Prudential’s pension, 401(k) Plan and other portfolios. The company’s pension plan is invested in a broad array of diversified investments including domestic and international bonds, real estate, hedge funds, global private equity, and domestic and international public equity. The 401(k) Plan provides similarly diversified investment options selected and monitored by EBI.

EBI’s mission is to select the best investment vehicles and structures on behalf of Prudential’s retirement plan participants. It is a forward-thinking team that takes seriously its mandate to invest prudently and in a diversified manner to serve the Company’s Plans participants.

Reporting to the Chief Investment Officer, Employee Benefits Plans, the Investment Analyst will assist in the management of all employee benefit plans, including Prudential’s pension, 401(k) Plan Merged Retirement Plan (PESP), and the Welfare Benefits Plan/401(h) account.

The current EWA for this position is Hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Candidates will be expected to follow a hybrid work arrangement with on-site expectations (Newark, NJ office) of 2 - 3 days a week.

What you'll do:

• Review managers’ documentation, including but not limited to, offering memorandums, financial statements, regulatory filings, marketing materials, due diligence questionnaires, valuation policies and compliance policies and procedures, and document findings.
• Research asset manager strategies and performance across fixed income, public equity, private equity, public & private credit, real estate, and hedge funds.
• Conduct regular reviews, calls, and visits with investment managers.
• Assist with creation of materials including memos and presentations to be presented to the Investment Oversight Committee for approval.
• Support reporting and presentation materials for delivery to the Investment Committee of the Board of Directors on the performance of the Plans.
• Support investment vice presidents on the development of quantitative risk analyses of the Plans and on asset strategy to fund all anticipated liability streams (pension, welfare).
• Serve on Advisory Boards as needed to gain insights and proactively address potential issues.
• Attend industry conferences to gather performance information and conduct research.
• Day to day funding authorizations and other administrative tasks in conjunction with support staff.
• Assist investment vice presidents and CIO in Department of Labor and other regulatory compliance issues.
• Review and assess the operations, internal controls and platform-specific risks of traditional and alternative investment managers.

What you'll need:

• 3+ years investment (asset, portfolio, and/or risk) management experience or financial services experience; preferably a minimum of two years conducting due diligence for a variety of alternative and/or traditional.
• Experience working with actuaries and/or counsel.
• Bachelor’s degree, preferably in finance, accounting, mathematics or engineering.
• Advanced excel skills; coding knowledge preferred.
• Be both process- and detail-oriented with the ability to prioritize multiple responsibilities under tight deadlines; unwavering ethical compass.
• Ability to travel, including international, will be required but no more than 25% excluding regional day trips such as NYC.

What we offer you:

Market competitive base salaries, with a yearly bonus potential at every level .

Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave .

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

Company-funded pension plan.

Wellness Programs 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 and mental health, and career development.

Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.

Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.

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. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

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

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.

Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of Dec. 31, 2023, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for 150 years. For more information please visit news.prudential.com.

Our Commitment to an Inclusive Workplace

Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are 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.

About PGIM

PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 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. For more information about PGIM, visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

Our Commitment to an Inclusive Workplace

Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are 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.