Job Classification:

Investment Management - Portfolio Research

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.

At PGIM, You Can!

What you will do

PGIM Fixed Income is looking for an experienced portfolio manager to join their Municipal Bond team. The Portfolio Manager will manage client portfolios in-line with desk strategies with a focus on generating trade ideas and executing on them.  The Portfolio Manager will work closely with the credit research team and will have sound knowledge of individual credits and sectors.  The Portfolio Manager will also manage positions across a number of risk parameters and attribution goals. This role will report directly to the Head of Municipal Bonds.   

This position is performed in a hybrid manner with a mix of work performed from our office in Newark, NJ and remotely. Our organization follows a hybrid work structure where employees meet with their team in the office on set days of the week and can work remotely the remainder of the week. Working from the office is encouraged when working on tasks that require a high degree of collaboration and may be required during group specific events (Town Halls, etc.).  

What you can expect

• Portfolio management responsibilities for PGIM Fixed Income’s municipal funds

• Monitor and report on market and economic conditions impacting municipal asset class

• Selection of appropriate investments, and structuring and executing transactions

• Present investment thesis and positioning to multiple stakeholders, including PGIM clients

• Work with a variety of internal groups, such Risk, Quantitative Modeling Solutions, Portfolio Analytics, Technology Solutions, and Client Advisory, to improve processes and manage the existing business

• Establish and maintain professional industry contacts to further develop market knowledge and expertise

What you will bring

• 8+ years of fixed income industry experience, mostly in municipals, with a track record in managing municipal portfolios

• Municipal fundamental credit knowledge required

• Deep understanding of portfolio management analytics and an active management-oriented process

• Experience in establishing and maintaining relationships with sponsors, banks and other intermediaries

• Significant knowledge of global capital markets along with strong analytical and investment skills

• Ability to distill and communicate complex issues clearly and concisely to a variety of decision makers and audiences

• Ability to work well as part of a team and enjoy a fast paced, high intensity environment

• Bachelor’s degree required, MBA and/or CFA preferred

• Proficient with Microsoft Office - Word, Excel, and PowerPoint. Programming language is a plus.

• Ability to travel

What will set you apart?

• Demonstrated investment track record

• Long-term, disciplined investment philosophy but also a creative and independent thinker who can uncover hidden opportunities

• Track record of underwriting complex transactions across market cycles

• Existing network of sponsors and banking contacts  

*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, Total Rewards Brochure

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The base salary range for this role is from $175,000 to $200,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. This role is also eligible for additional compensation and/or benefits including a competitive, discretionary annual cash bonus opportunity along with long term incentive awards. Eligibility to participate in the discretionary annual incentive programs are 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 $821Bn 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.