Director, Asset Allocation
Job Description:
Prudential Financial, Inc. 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. For more information, please visit www.prudential.com.
The role of the Investment Strategist is to participate as a member of the Investment Strategy team dedicated to providing client service and sales support to clients with more than $20 million in assets, including defined contribution, defined benefit, and non-qualified plans. In this role, the individual will work with the relationship manager, the client and any outside financial advisors and sales partners in structuring the client’s investment program, developing investment policy statements, making changes in the investment program, and addressing any other investment issues that arise. Travel is required (approximately 30 - 40%).
- Provide pro-active, consultative solutions that strengthen client investment portfolios, manage risk, enhance fiduciary protection and meet other investment needs in supporting the relationship team.
- Conduct strategic investment reviews by phone or in person as required
- Monitor investment portfolios, including initial fund mapping and portfolio construction, fund replacement as needed, rebalancing, investment policy statements, and client communication
- Actively initiate and contribute to policy-level investment consulting issues such as: development of asset allocation strategy, investment policy statement standards and asset liability structuring
- Contribute to a vibrant team culture to help attract, develop and retain high quality investment advisors and support staff.
- Manage travel and other expenses judiciously
- Maintain appropriate industry licenses
Product Development and Special Projects
- Work closely with assigned investment mandate team to help select, monitor, and replace investment managers, providing expertise and counsel on investment product and program decisions.
- Complete assigned special projects to contribute to overall success of client service and sales.
- Develop and maintain strong relationships with both external partners, internal centers of influence and intermediaries to positively influence decisions.
- Demonstrate strong investment product subject matter expertise in client service and sales partner support roles, as well as through contributions to broader Investment Strategy team.
The ideal candidate will have a combination of personal ambition, as well as a keen business sense, to ensure the best interests of the company and the customer are maximized.
- At least 10 years experience in the investment arena, to assess and communicate complex investment issues, and obtain decisions from key board-level decision-makers (e.g. CEO, CFO, etc.)
- Well-developed relationship management skills and the ability to work well with clients, internal partners, outside financial advisors and sales partners, and senior management
- Strong people management skills with strong leadership characteristics.
- Excellent presentation skills
- Proven consultative-selling and problem-solving skills
- Ability to respond quickly to change, with flexibility on unanticipated developments
- Results-oriented, focused on opportunities for corporate and personal growth
- Demonstrated values of client focus, teamwork, coaching, integrity
- High energy, positive attitude, initiative
- Ability to juggle competing priorities with equanimity
- CFA + MBA strongly preferred
The Prudential Insurance Company of America and its affiliates, Newark, New Jersey are Equal Opportunity/Affirmative Action Employers and are committed to diversity in our workforce.
Prudential is not seeking assistance or accepting unsolicited resumes from search firms for this employment opportunity unless contracted with Staffing. Agencies must work with Staffing as the primary point of contact and follow the Prudential application process to be considered for business. Regardless of past practice, all resumes submitted by search firms to any employee at Prudential via-email, the Internet or directly to hiring managers at Prudential in any form without a valid written search agreement in place for that position will be deemed the sole property of Prudential, and no fee will be paid in the event the candidate is hired by Prudential as a result of the referral or through other means. Note: Any search agreement entered into with Prudential before January 2004 is null and void. Search firms are essential to the recruitment and staffing efforts at Prudential and we value the partnerships we have built with our preferred vendors. For this reason, Prudential has established and regularly maintains a preferred vendor list. Please note that even preferred vendors need to have a written search agreement signed by the Director, Recruiting Programs, Staffing at Prudential in place for the specific position in order for a fee to be paid for any candidate referrals.