Financial Reporting Specialist (Hybrid) at Prudential Ins Co of America in Newark, New Jersey

Job Description:

Job Classification:

As part of the Corporate Controllers Department, the External Reporting Team supports GAAP financial reporting for PFI and Statutory financial reporting on behalf of its insurance subsidiaries, various regulatory filing submissions, and internal and external audit support. 

This Financial Reporting Specialist position, which is under the Statutory Reporting unit of the External Reporting Team, is responsible for coordination and production of the Statutory financial statements, and regulatory deliverables, for Prudential’s domestic insurance companies, in compliance with state insurance department and National Association of Insurance Commissioners (NAIC) requirements.  The team partners with Business Unit Finance and Operational areas, Actuarial, as well as other Corporate business partners.

Responsibilities:

• Support the production and preparation of quarterly and annual statutory financial statements, which are filed with state insurance departments and the NAIC.  This includes compliance with all disclosure requirements, and maintaining adequate reporting controls. 


• Preparation of quarterly Statutory Results packages for senior management in conjunction with Corporate Management Reporting and Business Unit Finance teams.     


• Facilitate the end-to-end Statutory audited financial statement process with external auditors and provide supporting analytics for senior management in advance of presentation of Statutory results to the Audit Committee.


• Partner with Treasurers and Legal in support of the PICA funding agreement note issuance program (FANIP), including coordination of Statutory financial statements, required disclosures and Management Discussion & Analysis.


• Review and/or preparation of various disclosures, state filings, supplemental exhibits and schedules for domestic Captive Insurers which are filed annually with the Arizona Department of Insurance. 


• Assist in researching matters related to Statements of Statutory Accounting Principles (SSAP’s) and NAIC instructions for business partners across the Enterprise.


• Monitor key controls for the Corporate Stat Reporting process, as part of the Company’s Management’s Report on internal controls per the NAIC’s Model Audit Rule requirement.


• Support special projects designed to improve the efficiency of the financial reporting process.  Oversee the preparation, analysis, and submission of ad-hoc requests from senior management and other business partners.

Job Qualifications:

• Four-year college degree required in either accounting or finance


• Statutory accounting and reporting experience a plus


• MBA and/or CPA a plus


• Three to five years of experience in accounting and financial reporting in a large financial services company, preferably an insurance company


• Strong interpersonal skills


• Strong analytical skills, including the ability to pay close attention to details


• Excellent written and verbal communication skills


• Strong working knowledge of Microsoft Word and Excel


• Understanding of Oracle General Ledger System or Wings a strong plus


• Ability to work in a fast-paced and challenging environment while meeting deadlines


• Overtime is required 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 email accommodations.hw@prudential.com.

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