Manager, Financial Reporting at Prudential Ins Co of America in Newark, New Jersey

Job Description:

As part of the Corporate Controllers Department and the CFO Organization of PFI, the Finance Shared Services (FSS) organization is responsible for the controllership activities in support of the U.S. business units including International activities performed domestically.

The Financial Accounting & Analysis (FSS A&A) team supports monthly, quarterly, and annual GAAP and Statutory close processes, including journal processing, reconciliations, and analysis of balance sheet and income statement drivers. The team partners closely with the Individual Life Business Unit Finance area as well as Actuarial and other corporate areas.

This individual will have oversight and management responsibilities for a small team to ensure that all daily responsibilities are completed. Individuals at this level typically have some understanding of the firm’s different businesses and related economics as well as some industry experience and/or subject area expertise in one or more specific skill sets, business areas, or products.

 The Responsibilities of this position will include:

• Ensure timely and accurate completion of general ledger close responsibilities by staff, including review and approval of journal entries and reconciliations


• Prepare specific balance sheet and income statement driver analyses and reconciliations (i.e. Actuarial drivers, GAAP trending and variances, etc.)


• Ensure the timely and accurate creation and distribution of the monthly and quarterly affiliated balances reports (ABR), research and resolve any breaks, and ultimately become the subject matter expert and the point of contact for any ABR related inquiries


• Seek out and/or develop efficiencies and improve effectiveness by instituting best practices in processes


• Serve as point person for our business partners within the businesses we support


• Collaborate with Business Unit Finance areas, Corporate areas and other internal business partners on accounting and reporting matters


• Develop, maintain and share applicable analysis and work papers with customers and across FSS


• Support quarterly/annual audits by Internal Audit, as well as, independent external auditors


• Support project initiatives as assigned


• Coach and develop staff


• Continuously monitor workload balance across the team


• Champion FSS values and process design principles with staff and business partners


• Ensure adequacy of internal controls over financial reporting and compliance with Sarbanes-Oxley and Model Audit Rule requirements

*Note: Prudential is required by Colorado law to include the salary range for this role when hiring a Colorado resident.

Salary range specific to Colorado: ($98,000 to $139,200) + discretionary incentive bonus + benefits. 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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.

Qualifications:

• Bachelor’s or Graduate degree in Accounting or Finance (CPA or MBA a plus)


• 5 - 7 years of financial reporting and analysis experience


• Knowledge of GAAP and Statutory accounting principles


• Ability to manage multiple responsibilities under challenging time frames


• Strong organizational, analytical and problem-solving skills


• Strong collaborative and partnering skills


• Highly motivated, proactive, detail oriented


• Strong Microsoft Excel skills


• Investment and/or Insurance experience a plus


• Experience with Prudential Financial systems a plus (Oracle, Oracle BI, Essbase/Smartview, & other financial statement applications)


• Excellent oral and written communication skills

Ability to work overtime during peak periods

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law. 

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please call (800) 433-8960, prompt 4 or email accommodation.h&w@prudential.com.

Please note that the above number and email are solely for individuals with disabilities requesting an accommodation.  If you are experiencing a technical issue with your application or an assessment, please email careers@prudential.com to request assistance.