Hybrid Vice President, Product Management – PGIM Fixed Income

at Prudential Financial

• Job title: Vice President, Product Management – PGIM Fixed Income
• Job type: Full Time
• Experience level: Lead
• Salary: $210,000 - $230,000 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Newark, United States

About the role

• Vice President of Product Management at PGIM handling Fixed Income product strategies and stakeholder collaboration in a hybrid role based in Newark, NJ.

Responsibilities

• Accurately and effectively position the Fixed Income products based on information from PGIM’s fixed income investment teams, external news sources, internally run data, feedback from sales, and other sources.
• Proactively identify issues impacting the product line and recommend next steps/solutions.
• Contribute to the strategic direction of the product line.
• Review existing product line and recommend changes/enhancements where applicable, e.g., pricing, benchmark, portfolio managers, strategy and investment limits.
• Work closely with sales management and internal partners on product positioning, recommending the development of new materials and ways to enhance existing pieces.
• Act as an advocate for the fixed income product line.
• Know PGIM’s fixed income 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 to sales teams.
• 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, IODC, 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.
• Legally required work – Review shareholder reports and prospectuses, 15(c) peer reviews, capital gains distributions, 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.

Requirements

• Bachelor’s degree required.
• Series 7 license.
• Strong fixed income expertise with ability to explain complex concepts to diverse audiences.
• Solid understanding of financial markets, investment strategies, and industry issues.
• Effective communicator and collaborator with PGIM Sales and Marketing teams.
• Detail-oriented, process-driven, and able to manage multiple projects on time.
• Skilled at influencing without direct authority.
• Proficient in PC tools and industry platforms (Excel, PowerPoint, Word, Lipper, FactSet, Morningstar Direct, LANA, Bloomberg, etc.).
• CFA or MBA preferred.
• 7+ years of industry experience preferred.

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.
• Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance.