Equity Product Manager

Recruiter
PGIM
Location
Newark, New Jersey (US)
Salary
Base salary + annual bonus opportunity
Posted
10 Nov 2022
Closes
09 Dec 2022
Job Function
Other
Industry Sector
Asset Management
Employment Type
Full Time
Education
Bachelors

Our Business: PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE: PRU). With $1.4 trillion in assets under management, and 38 offices spanning 16 countries, PGIM is among the world’s top-10 largest asset managers. Comprised of seven self-governing asset management divisions, each PGIM business offers a distinct workplace culture that aligns with the firm’s ultimate objective: to provide premier service to our clients while fostering an inclusive workplace culture that is rooted in trust, respect and equality.
 

Our Role:
The Equity Product Manager will work closely with various business units within Prudential such as Jennison Associates, the fundamental equity management business of PGIM , and various groups at PGIM Investments including Product Management, Competitor Analytics, Marketing, Product Development, Sales, Compliance, Legal and Fund Administration. The position will report to a Vice President, Product Management at PGIM Investments. 

Your Impact:

  • Provide strategic direction for PGIM Investments products sub-advised by Jennison Associates.
  • Accurately and effectively position our Jennison sub-advised products based on information from Asset Management, external news sources, internally run data, feedback from sales, and other sources.
  • Work closely with sales management and internal partners on product positioning, recommending the development of new materials and ways to enhance existing pieces.
  • Take a leadership role as an advocate for the Jennison equity product line.  Know Jennison’s strategies, how to navigate the firm, how to attain information, and develop processes for effective communication.
  • Responsible for reviewing others work to ensure accuracy and message consistency.
  • Monitor capital markets, trade publications, flows, performance, portfolio characteristics and competitive landscape.
  • Present product updates and positioning at sales meetings.  
  • Review existing product line and recommend changes/enhancements where applicable.  e.g. Pricing, benchmark, PMs, strategy and investment limits.
  • Proactively identify issues impacting the product line and recommend next steps/solutions.  
  • Work with internal groups on the structure and positioning of new products.
  • Train new hires on the basics of the product line and current employees on new products, product changes, etc.
  • Drive relationships with Distribution (Sales, National Accounts, DCIO, etc.) along with internal partners (Product Development, Marketing, Legal, Compliance, Fund Admin, etc.)
  • Respond to sales inquiries in a timely manner (answer questions, provide data, etc.)
  • Present strategy information and product updates on calls with Financial Professionals.
  • Limited travel to present with sales coordinators and to industry conferences. 
  • Legally required work – Review Shareholder reports and prospectuses, 15(c) peer review, cap gains, etc.
  • Proactively and reactively generate analytical data that can support product positioning
  • Create & Update Fund Presentations and Fund positioning documents.
  • Respond to special requests from Senior Management.
  • Assist with competitive analysis and positioning points.

 

Your Required Skills:

  • Strong Equity markets knowledge with ability to articulate complex concepts to audiences with varying degrees of investment acumen.  
  • Previous Product Management experience preferred
  • Understanding of financial markets, investment concepts, styles and issues.
  • Must be able to effectively communicate with and work with the PGIM Investments Sales and Marketing teams.
  • Series 7 license preferred; must be capable of obtaining licensing within 120 days if not currently held.
  • Bachelor’s degree required. CFA or CIMA designation preferred.
  • Strong attention to detail
  • Ability to create efficient processes
  • Must have the ability to handle multiple projects simultaneously, and complete projects on a timely basis.
  • Ability to influence people who don’t have a direct reporting relationship
  • Strong PC skills (including general software and industry databases such as Excel, PowerPoint, Word, Lipper, FactSet, Barclays Live, Morningstar Direct, LANA, Bloomberg, preferred).
  • An undergraduate degree and 5+ years of mutual fund and/or ETF industry experience preferred.

 

Your Desired Skills:

  • Experience working with fundamental equity asset managers
  • Strong attention to detail, with analytical capabilities.
  • Team player with excellent interpersonal skills; must be able to establish and maintain effective, cooperative working relationships with all departments and organizational levels.
  • Creative thinker with an ability to identify process improvement opportunities, as well as sales ideas.
  • Solid written communication and oral presentation skills.
  • Desire to make a strong contribution and continue to advance through the group.

 

Our Culture:
Prudential Financial, Inc. is 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.

 

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