Senior Analyst | Investment Strategist, PGIM Multi-Asset Solutions ( Newark, NJ / Hybrid)

Prudential Financial; Newark (NJ); Hybrid; USD 120,000 - 145,000; Full time

Job summary

Prudential Financial seeks an Investment Analyst for its Insurance Portfolio Strategy team in Newark, NJ. The role involves supporting asset allocation and portfolio construction for insurance clients, requiring strong analytical skills and experience in asset management. Teamwork and communication skills are essential for success in this impactful role.

Benefits

Medical, dental, and vision insurance

401(k) plan with company match

Company-funded pension plan

Education Benefit for approved degrees

Employee Stock Purchase Plan

Market competitive base salary with annual bonus potential

Qualifications

• Minimum 3 years of experience in asset allocation or portfolio management.
• Strong knowledge of fixed income markets and insurance-related investing.
• CFA charter holder or progress toward it preferred.

Responsibilities

• Support development and implementation of transaction-level SAA and portfolio recommendations.
• Prepare SAA presentations and evaluate new investment strategies.
• Conduct scenario analysis, stress testing, and assess regulatory developments.

Skills

Analytical Thinking

Portfolio Construction

Communication

Organizational Skills

Tools

Excel

PowerPoint

Power BI

SQL

Python

Job description

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.

What you will do

PGIM Multi-Asset Solutions (PMAS) is the solutions specialist of PGIM, delivering deep investment expertise across public and private asset classes. Our Insurance Portfolio Strategy team serves as the strategic investment engine for our insurance clients, providing customized asset allocation and portfolio solutions.

This position is based in our office in Newark, New Jersey and will follow a hybrid schedule (3 days in office).

What you can expect

We are seeking a highly motivated Investment Analyst to join our Insurance Portfolio Strategy team within PMAS Investment organization. The Senior analyst will support the development and execution of strategic asset allocation (SAA) and portfolio construction for insurance clients. This role requires strong analytical capabilities, a working knowledge of insurance and investment frameworks, and a collaborative mindset.

• Support the development and implementation of transaction-level SAA and portfolio recommendations for insurance clients.
• Prepare SAA presentations and asset allocation proposals tailored to client needs.
• Evaluate new investment strategies and asset classes, considering factors such as relative value, capital efficiency, operational feasibility, and regulatory implications.
• Refine investment strategies based on internal and external factors, including ALM considerations, liquidity, market conditions, and industry trends.
• Analyze regulatory developments across jurisdictions and assess their impact on client portfolios.
• Conduct scenario analysis, stress testing, and sensitivity analysis for market and credit exposures.
• Support ALM-related analyses, including hedging strategies and trade-off evaluations.
• Assist with investment-related tasks in reinsurance M&A transactions.
• Collaborate with the analytics team to leverage internal tools and enhance portfolio analytics capabilities.

What you will bring

• Minimum 3 years of experience in strategic asset allocation, portfolio construction, or portfolio management.
• Experience with insurance-related investing or understanding of insurance balance sheets is a strong plus.
• Solid knowledge of fixed income markets, with exposure to private asset classes such as asset-backed finance and residential mortgages.
• Demonstrated high performance in previous roles with strong analytical thinking and attention to detail.
• Proficiency in Excel and PowerPoint; familiarity with Power BI, SQL, and Python strongly preferred.
• Strong organizational skills and ability to manage multiple priorities in a fast-paced, entrepreneurial environment.
• Excellent communication and interpersonal skills.

What will set you apart?

• CFA charter holder or progress toward CFA preferred; other relevant designations (FRM, CAIA, etc) and / or actuarial credentials are a plus.
• We know not everyone will meet 100% of the requirements, however we encourage you to apply if you think your skills are a good fit for this role.

Note : The salary range for this role is from $120,000 to $145,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

About PGIM Multi-Asset Solutions

PGIM Multi-Asset Solutions (PMA) is a business within PGIM responsible for providing institutional clients asset-liability management and multi-asset class solutions, with liability driven and insurance expertise. On behalf of its clients, PMA will oversee portfolio construction and management and will partner with PGIM affiliates including PGIM Fixed Income, PGIM Private Capital, PGIM Real Estate and PGIM Quantitative Solutions to deliver best in class origination, trading, research, and risk management capabilities across a full range of asset classes.

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.

If you need an accommodation to complete the application process, please email [emailprotected] .

If you are experiencing a technical issue with your application or an assessment, please email [emailprotected] to request assistance.

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