Performance Analyst

Prudential Financial • Newark, NJ

18h • $76,000 - $125,400 • Hybrid

About The Position

PruBenefit Funding (PBF) is a leader in the creation of innovative funding solutions for employers who seek to offset the cost of providing comprehensive and affordable employee benefits. With offices in Newark, New Jersey and Minneapolis, Minnesota, PBF offers customized life insurance products to corporations (COLI), banks (BOLI) and trusts (TOLI). Our team consists of approximately thirty professionals with expertise in product development, actuarial science, law, investments, and contract administration. Prudential has established itself as one of the most experienced insurance carriers in this business since entering the market in 1989. PBF currently manages over $26 billion in COLI/BOLI/TOLI assets. The Investment Analyst will report to the Director of Investment Research. The position will be hybrid located in the Newark, NJ office. The incumbent will assist members of the Investment Oversight Team which is focused on maintaining PBF's investment platform of registered and unregistered insurance separate account strategies. Responsibilities include but are not limited to: Assist in conducting due diligence on new and existing investment managers and investment strategies, Developing an understanding of investment guidelines and ongoing maintenance of guidelines, Monitoring investment performance, Monitoring compliance with investment guidelines and IRC Section 817(h) diversification requirements, Facilitating quarterly portfolio reviews with clients and internal committees, Developing an understanding of stable value documents and assist in the oversight of various triggers. Regular communication with internal and external wrap providers, Facilitating regulatory reporting requirements such as Form ADV, Form PF, and NFA Fillings, Reviewing BASEL III reporting for bank clients, Assisting in PBF’s separate account fillings, Assisting with investment-related reporting and communications for clients, brokers and investment managers. The work of this team is integral to PBF's product development and new business efforts. The incumbent will be relied upon to assist in investment related regulatory issues and will have frequent interaction with investment managers, insurance producers, and clients. The successful candidate must be highly articulate and possess excellent written communication skills.

Requirements

• Bachelor's degree in finance or other related business discipline is required.
• Minimum 2 years' experience in investments, life insurance, or another related role is required.
• Demonstrated ability to grasp complex concepts and employ financial knowledge and investment related skills.
• Demonstrated ability to work cross-functionally to achieve goals.
• Excellent verbal and written communication skills.
• Willing and able to travel as needed.
• Proficiency in MS excel required.

Nice To Haves

• Series 6, Series 63 and/or Health and Life Insurance License desired ,or ability to obtain.
• Basic understanding of separately managed accounts, mutual funds and alternative investments is preferred.

Responsibilities

• Assist in conducting due diligence on new and existing investment managers and investment strategies
• Developing an understanding of investment guidelines and ongoing maintenance of guidelines
• Monitoring investment performance
• Monitoring compliance with investment guidelines and IRC Section 817(h) diversification requirements
• Facilitating quarterly portfolio reviews with clients and internal committees
• Developing an understanding of stable value documents and assist in the oversight of various triggers
• Regular communication with internal and external wrap providers
• Facilitating regulatory reporting requirements such as Form ADV, Form PF, and NFA Fillings
• Reviewing BASEL III reporting for bank clients
• Assisting in PBF’s separate account fillings
• Assisting with investment-related reporting and communications for clients, brokers and investment managers

Benefits

• 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.
• 401(k) plan with company match (up to 4%).
• Company-funded pension plan.
• Wellness Programs 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.
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level