Associate Manager, Financial Reporting Job Listing at Prudential in newark, NJ

Insurance, Finance

We currently have a position opening in our Newark, N.J. office for an Associate Manager within the Individual Annuity Financial Reporting unit. The Financial Reporting unit supports all GAAP and STAT reporting and analysis for the Individual Annuities segment of Prudential Financial. The successful candidate will support the financial reporting and analysis process for the "Prudential Annuities Profit Center" within the Individual Annuities business.
 
The Individual Annuities segment manufactures and distributes individual variable and fixed annuity products, primarily to the U.S. mass affluent market. Our focus on innovative product design coupled with our risk management strategies, has contributed to growth in the individual annuities business in recent years and a reduced risk profile. The Annuities Business is a fast-paced developing business, and is a key piece of PFI's overall growth strategy. Our annuity products are distributed through a diverse group of independent financial planners, wirehouses, banks, and insurance agents, including Prudential Agents and Allstate's agency distribution force.
 
Primary Responsibilities will include:
 
The Associate Manager will be primarily responsible for supporting the monthly and quarterly financial close process for the "Prudential Annuities Profit Center" within the Individual Annuities business which includes: 
 

• Responsible for all management aspects of 1 staff accountant.


• Preparing and reviewing various month-end journal entries, supporting files, reconciliations, and other close related items such as the DAC submission, Net Investment Income analysis, AUM rollforwards and reporting.  Includes actuarial related concepts such as DAC, Insurance Reserves, etc.


• Assisting in the preparation and review of Balance Sheet/Income Statement analysis for quarterly external GAAP and statutory reporting for the Individual Annuity business. Ensuring accuracy, reasonability, and completeness of total financial results (balance sheet and income statement) by legal entity for both GAAP and STAT.


• Preparation of GAAP and STAT account reconciliations for PASS sign-off process.


• Preparation of the quarterly STAT analysis package


• Assisting in the preparation and review of quarterly footnote submissions for inclusion in PFI and 10Qs/K including, fair value disclosures, derivative and investment footnotes, etc.


• Assisting in the preparation and review of SEC reporting requirements (10K and 10Q filings) for Pruco legal entities, as well as summary subsidiary analysis packages.


• Developing, promoting and supporting internal control standards to ensure compliance with Enterprise Accounting Policies and Procedures.


• Supporting all financial reporting audits, including SOX and MAR work, partnering with PWC, Internal Audit and Risk Management.


• Various adhoc requests as needed.

The successful candidate will also work closely, develop relationships with, and become a trusted business advisor to our business partners in the Annuity Business, Life Finance, Accounting Policy, Actuarial, Corporate Accounting, Operations, Separate Accounts, and Statutory Reporting.

   

• Bachelor's degree in Accounting, CPA a plus
• Minimum of three to five years of relevant experience.
• Strong PC Skills including Excel, PowerPoint and Word
• Strong partnering and communication skills 
• Strong analytical and research skills  
• Ability to meet deadlines, prioritize assignments and manage multiple projects 
• Ability to work independently and part of a team
• Detail oriented    
• Willingness to learn

 Comments:
 
Overtime is necessary during the quarterly and annual closes or in the cases of special deliverables and/or deadlines.