Description:
The Portfolio Manager position within Liability Driven Portfolio Management (LDPM) Team will be primarily focussed on the Prudential UK's non-profit annuity portfolios, other non-profit portfolios, as well as a range of non-profit annuity and with-profits strategic hedging programmes.
Key responsibilities:
- Support the Head of LDPM in overseeing the portfolios including the implementation of investment and hedging strategies
- Supporting the company's strategic initiatives, including its Bulk Purchase Annuity and other liability driven products/propositions, with a particular focus on the investment strategy development and other related tasks (including the analysis of new assets/asset classes)
- Day to day management of annuity, non-profit and hedging portfolios, including:
- Reviewing the annuity portfolio matching against liabilities, including Solvency II compliance and transaction/exposure monitoring
- Responsible for Matching Adjustment-related and Solvency II focussed initiatives within the team, including the support for any Matching Adjustment applications
- Monitoring, proposing and/or approving trades for the rebalancing of the hedging programme, whilst also supporting the oversight of the collateral management process
- Provides papers, monthly portfolio MI and other reporting to the Investment Committee and other governance forums
- Regular contact with the Fund Managers, Operations and other teams including Finance and Risk
Requirements and experience:
- Very good knowledge of annuities including demonstrable experience supporting new business activities, Solvency II, Matching Adjustment and wider ALM
- Good knowledge and understanding of the financial services industry more broadly, including different investment markets, insurance and asset management, and usage of derivatives
- The candidate would ideally have Portfolio Management experience in an SMCR regulated role
- Excellent attention to detail with strong communication skills
- Ability to build good relationships internally and externally
- Ability to work within a team environment
- Effective analytical and problem solving skills
- Client and delivery focussed
- Good planning and organisational skills to be able to handle multiple priorities
Qualifications:
- Actuary or CFA Charterholder preferred