PGIM : Director, Product Development (Hybrid / Newark, NJ)

Product Development Manager

Product Management - Product Management

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE

As the Global Asset Management business of Prudential, we're always looking for ways to improve financial services. We're passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world. We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you'll unlock a motivating and impactful career all while growing your skills and advancing your profession at one of the world's leading global asset managers!

If you're not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that's investing in your future by shaping tomorrow today.

At PGIM, You Can!

What You Will Do

We are seeking an individual to join our Product Development team. Our team manages the product development lifecycle and plays a critical role in creating, structuring, and delivering innovative investment strategies (public and private) to global investors across all channels (including retail, institutional, insurance and private wealth).

This role will support strategic initiatives, primarily focused on creating, structuring and delivering innovative private real estate investment solutions for the institutional channel. The role will have immediate impact, leading the implementation of the new fund launches and creation of innovative fund structures.

This individual will play a key role in driving the growth of PGIM's alternatives efforts globally, by having a deep expertise on the current investment vehicle structure landscape and translating this knowledge to help design competitive alternatives products. This person will partner cross-functionally with the investment, distribution, marketing, legal, tax and business operations teams, including senior leadership and executive stakeholders.

Strong analytical skills, experience in the asset management industry and the ability to independently drive product-related initiatives are a must. Leadership with humility, detail-orientation, clear communication, and teamwork will be critical characteristics necessary to succeed in this role.

This position reports to the Senior Product Development Specialist dedicated to PGIM's Real Estate business, based in London, UK. However, the individual who fills the role will join a large product development team based in Newark, NJ. This is an excellent opportunity for someone who has worked in an investment product related area in the past and is very motivated to learn / get exposed to the wide breadth of business and strategy of the PGIM organization.

What You Can Expect

• Collaborate with key stakeholders across distribution, product strategy, portfolio management, marketing, legal, tax, technology, business operations and compliance to bring alternatives strategies to market that continuously meet evolving client needs
• Oversee and execute cross-functional activities spanning the product lifecycle including product design, development, approval, go-to-market preparedness, post-launch operational readiness, and related infrastructure build-out
• Partner with the real estate investment teams, legal and tax counsel to define structuring for private and registered products (covering closed-end and open-end and evergreen structures)
• Lead cross-functional activities related to the design and launch of new alternative investment products
• Manage alternative product pipeline content and meet with internal stakeholders to communicate new product pipeline activities
• Act as subject matter expert for the firm on the PGIM Real Estate's commingled funds platform, key fund structuring concepts, distribution markets and channels, and the impact of local regulations; leverage knowledge to support innovation
• Maintain technical expertise and understanding of regulatory, legal and tax frameworks, proactively considering the implications on new and existing products and responses to changing requirements

What You Will Bring

What Will Set You Apart?

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 $160,000 to $180,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

What We Offer You :

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.