Job Classification:

Investment Management - Investments

At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions!

Prudential Select Strategies LLC (PSS), a registered investment adviser, is a unit of the Global Chief Investment Office, which conducts asset and liability management and portfolio construction for all of Prudential’s domestic and international business operations. PSS is responsible for managing over $15.0 billion in assets, comprised of private equity, hedge funds, real estate and other investment in alternative credit and direct lending strategies.

PSS is seeking a senior investment professional to lead its Manager of Managers function, which will be responsible for asset manager selection, due diligence and monitoring traditional asset and alternative credit (e.g. fixed income, public equities, structured credit) mandates on behalf of the insurance general accounts. In this role, the candidate will be coordinating both internal and external asset manager relationships. The candidate will direct a team of investment professionals and serve as a voting member of the Group’s investment committee. The position reports directly to the head of Prudential Select Strategies.

The current employee work arrangement for this position is Hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.

What you can expect:

• Retain superior asset managers in order to achieve investment objectives;
• Work with the ALM Portfolio Strategy team to determine and develop mandates, benchmarks and investment guidelines for asset managers;
• Manage the process of identifying and evaluating asset managers;
• Make recommendations regarding hiring and terminating asset managers;
• On-board asset managers;
• Oversee asset managers’ performance to confirm it is in accordance with contractual arrangements;
• Coordinate informational and analytical requests made of asset managers, including information for performance measurement and risk management purposes.

What you’ll need:

• Minimum of 12 years of relevant investment experience, preferably in Insurance industry
• Asset manager selection and due diligence experience
• Experience in fixed income asset management and structured products
• Knowledge of investment documentation, accounting and taxation; understanding of US insurance regulatory requirements
• Strong interpersonal and relationship management skills
• Strong decision making and negotiating skills
• Strong project management skills and ability to manage multiple projects simultaneously

It’d be a plus if you had:

• MBA or equivalent degree and/or CFA

Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

At Prudential, you can:

Take charge of your career. We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services such as on demand resources and networking to propel your career forward.

We’re a global organization, full of outstandingly dedicated people who aren’t afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.

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
• Retirement plans:
• 401(k) plan with 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 and mental health, and career development.
• Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.
• 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.

To find out more about our Total Reward package, see our Total Rewards Brochure. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $250,000 to $275,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. 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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.