Manager, Regulatory Reporting Job Listing at Prudential in newark, NJ

Insurance, Finance

The Statutory Finance team, a part of Corporate Controllers, is responsible for the preparation of financial statements in accordance with statutory accounting principles for Prudential's domestic insurance companies.  The group has responsibility for consolidating financial results from the business units, analyzing financial results for presentations with senior management, as well as preparing various regulatory filings for the state insurance departments.  In addition, this group is required to interact and partner effectively with counterparts in the Actuarial Department, Tax Department, Treasurers, Asset and Liability Management (ALM), Risk Management, Internal Audit, External Auditors, and Business Unit Controllers. The manager will have statutory reporting responsibilities for Prudential Insurance Company of America, the Company's largest domestic insurance company. The manager's responsibilities include:

• Review the quarterly and annual statutory financial statements for Prudential Insurance. This includes the balance sheet, income statement, cash flow, and various investment, insurance, and reinsurance exhibits and schedules.


• Supervise staff.


• Assist the external auditors with the completion of annual statutory audited financial statements.


• Communicate and coordinate statutory accounting and reporting requirements with various business partners.


• Analyze on-going financial results and review and assist with quarterly analysis packages for senior management.


• Research accounting issues and assist in the implementation of new statutory accounting guidance and new regulatory reporting requirements.


• Maintain the statutory Oracle ledger reports that support most statutory statement pages, exhibits, and schedules.


• Review and assist with the quarterly and annual FANIP MD&A for Prudential Insurance.


• Formally respond to external and internal auditors and regulatory inquiries.


• Support management reporting needs by responding to various ad hoc requests from senior executives and areas outside statutory finance.


• Ensure that adequate controls are in place throughout the statutory review and preparation process.

 

• Undergraduate degree in Accounting or Finance
• 5 or more years of experience in accounting, financial reporting or analysis
• Supervisory experience is strongly preferred
• Strong accounting, research and analytical skills
• Statutory and/or GAAP statutory financial reporting experience preferred
• Strong ability to pay close attention to details
• Excellent written and verbal communication skills
• Self-motivated and proactive
• Ability to succeed independently and as part of a team to meet tight deadlines
• Ability to foster and build relationships across multiple businesses
• Ability to directly and indirectly manage, motivate, and lead others
• Experience with Prudential Financial Systems strongly preferred but not required (Oracle, SQB, FDW)

Comments:
·         This job requires overtime during peak periods (mainly January & February).