Gibraltar Reinsurance Company Ltd. (“Gib Re”) was established in Bermuda as a wholly-owned subsidiary of PFI. Gib Re has primarily assumed both existing and new businesses from Japanese affiliate companies to gain the enterprise capital efficiency by allowing reserve levels to be managed closer to an economic basis, while balancing financial soundness and protecting policyholder interests.

Candidate must be based in Bermuda or willing to relocate to Bermuda.

Responsibilities:
• Lead portfolio strategy development and execution for Gibraltar Re and Lotus Re
• Oversee and support day-to-day investment operations of the entities in consultation with PFI’s CIO Department and affiliated asset management units.
• Work closely with PFI CIO resources provided on a contractual/consultative basis to inform decision-making
• Set the investment policy statements and strategic asset allocations for both entities, taking into account CIO processes, priorities, and guidance to ensure alignment with PFI’s portfolio risk tolerance and tactical objectives.
• Oversee asset-liability management, product hedging requirements, and related pricing considerations for new products reinsured to Bermuda; define marginal asset allocation.
• Support Gibraltar Re and Lotus Re board members in all investment-related topics, including investment strategy, ALM, reporting and performance.
• Leverage resources across Prudential in areas such as corporate banking, PGIM asset managers, tax, and elsewhere to support the implementation of the strategic asset allocation.
• Work closely with actuarial to ensure that the strategic asset allocation is aligned with the scenario-based approach with a focus on creating capital capacity and funding dividends.
• Analyze and implement new investment initiatives or transactions, leveraging resources across Prudential in areas such as corporate banking, PGIM asset managers, tax, and elsewhere to support these initiatives.
• Review performance of asset managers and evaluate new asset classes.
• Oversee and develop portfolio analytics and reporting capabilities.
• Establish an effective governance framework aligned with Prudential Operating Principles.
• Provide investment due diligence needs for all potential reinsurance transactions.
• Analyze impact of current and proposed changes to investment-related regulations and accounting standards for Bermuda.
• Participate as part of the CIO Community contributing in wider dialogue with peers to assess relative value ideas, tactical investment opportunities and other relevant portfolio management initiatives.
 

Qualifications:
The ideal candidate will have 7-10 or more years of relevant asset liability management, portfolio management, and business specific experience managing large insurance investment portfolios and acting as a member of a team of investment professionals.

• Bachelor's Degree required.
• CFA designation and/or MBA/MS in Finance are highly desirable.
• Strong track record leading and managing teams with a proven ability to execute transformational projects.
• A strong investment background that includes a solid capital markets perspective, a strong working knowledge of different liability structures, and a well-formed macro-economic point of view.
• Knowledge of insurance liabilities, international insurance markets, and regulatory capital frameworks, especially in Bermuda, the US, and Japan
• Strong interpersonal skills, strong influence, clear communication skills, team orientation, and the desire and ability to work with business partners of different national, cultural, and language backgrounds.
• •Very strong analytic and quantitative skills, and a deep understanding of capital markets with an emphasis on fixed income, FX, and related derivatives markets.
• Have the desire, experience and ability to work with business partners of different national, cultural, and language backgrounds.
 

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 [email protected] 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 [email protected].
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 [email protected] to request assistance