Senior Associate - Portfolio Construction & Manager Selection - PGIM Multi Asset Solutions

Senior Associate – Portfolio Construction & Manager Selection – PGIM Multi Asset Solutions

Bachelor’s Degree or equivalent required
5-7 years of direct experience in manager due diligence and selection, with a special focus in alternative strategies (e.g. private credit, equity and hedge funds)
Understanding of portfolio construction theories and techniques
Familiarity with multi-asset classes, with a specific emphasis on fixed income and alternative asset classes
Quantitative background in financial modelling, data analytics, and statistical methods
Ability to analyze large amount of data in order to generate a clear conclusion and recommendation
Fluent in techniques to evaluate risk-return characteristics of different asset classes and manager types
Knowledge of private asset cash flow models
Familiarity with utilization different asset class databases (e.g. Preqin, Morningstar, Cambridge…etc)
Expertise in assessing risk exposures for portfolios supporting various insurance liabilities
Creative problem solver with focus on innovation
Must be able to effectively partner with teams across PMA and PGIM asset managers
Strong communicator with ability to develop reports and present them to clients and senior management

Work with broader investment and risk teams within PMA in assessing new asset classes and investment opportunities
Construct customized portfolios, including appropriate implementations, taking into consideration client objectives and constraints
Evaluate suitability of PGIM strategies relative to client portfolio objectives and constraints
Calculate manager-level risk and return analytics, including historical metrics and scenario analyses, to fully analyze risk and return tradeoffs
Liaise with relevant PMA teams and external parties to perform due diligence and select third-party managers, where appropriate, for use across PMA client portfolios
Prepare memos with relevant risk and return analytics to support investment case for specific manager implementations
Present manager recommendations to internal PMA stakeholders and clients, as needed
Work with PMA PM and Operations teams to onboard new managers, including negotiation of manager guidelines
Meet regularly with managers (both internal and external) to monitor changes in strategy, PM team, flows, performance and risks
Promptly update PM and client teams on any manager issues which require portfolio actions
Contribute to new investment and implementation ideas