PGIM Fixed Income: VP Insurance Client Management

3 weeks ago


Newark, United States Prudential Annuities Distributors (PAD) Full time

* Serve as Lead Relationship Manager for certain existing insurance clients, with minimal direction subsequent to a reasonable transition period* Proactively manage and develop relationships with clients with the primary goal of client retention, overseeing all aspects of day-to-day servicing of these critical relationships* Primary client contact for insurance clients for ongoing investment related activities, including ad hoc questions and access to broader platform* Work directly with CIO’s, senior investments staff, and day-to-day client contacts * Understand and have the ability to discuss and drive conversations on the nuances of insurance clients, guideline sensitives, book yield, gain/loss consequences and RBC implications* Manage, lead and train a team of junior client managers supporting the senior client managers* Coordination of, and active participant in client meetings, including portfolio reviews, Investment Committee meetings, and Strategic Client Annual Reviews (scheduling, attending, notes, follow ups)* Working with our dedicated onboarding team, play an active role in the on-boarding of new clients and the on-boarding of new accounts from existing clients* Coordinate with investment teams, client service and other stakeholders to ensure the client’s needs are being met, requests are being addressed on a timely basis, and the team is thinking and acting proactively* Strong knowledge of the investment process for product strategies across asset class coupled with the ability to speak intelligently about the capital markets and the impact it may have on client portfolios* Maintain client information including Salesforce data, relationship plans, client briefing notes (as needed)* Attend relevant Investment Team meetings to ensure incumbent is current on the key investment strategies* Drive efficiency in carrying out the client service role by utilizing the various systems and tools available* Travel as needed to client locations for portfolio or relationship reviews or events* Give direction to junior team members while providing opportunities for their development* At least 8 years of experience in institutional client service, including over 6 years in the insurance sector. * Experience in successfully servicing insurance clients, with a demonstrated knowledge of industry-specific needs, constraints, and opportunities for insurance company CIOs, including familiarity with how to use actuarial output, meet accounting treatment objectives, optimize total return subject to book yield, RBC, and / or duration targets.* Ideally experience working with Life Insurers and Reinsurers regarding fixed income portfolio management* Experience working with investment teams to deliver bespoke solutions to insurance companies* Ability to serve as PGIM Fixed Income’s senior representative in meetings with insurance company CIOs and their teams, with gravitas, knowledge and a solutions-orientation commensurate with this role* Strong financial acumen, technical knowledge and understanding of Fixed Income* Excellent client / internal stakeholder management skills* Established insurance industry contacts and a proven track record of cultivating consultative relationships* Excellent interpersonal skills and written skills, and an ability to explain relatively involved concepts in a clear and concise manner* Attention to details and processes* Highly motivated team player with a collaborative mindset and strong interest in building a business in a complex and performance-oriented environment* Understanding of firm products and services, as well as the role of consultants and institutional investors* Series 7 and 63 required within 6 months of being hired* Bachelor’s Degree* Willingness to travel up to 10% as needed. * Experience in portfolio management, risk management, or credit analysis* CFA and/or MBA**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 $170,000 to $190,000 . Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.**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. **Education Benefit** to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week. Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of Dec. 31, 2023, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for nearly 150 years. For more information please visit news.prudential.com.**Our Commitment to Diversity, Equity, and Inclusion**Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, visit pgim.com.Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.**Our Commitment to Diversity, Equity, and Inclusion**Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and e
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