Team Lead, Accounting Job Listing at Prudential in newark, NJ

Insurance, Finance

 
Prudential Investment Management (PIM), through its specialized asset management units, offers a wide range of investment products and services to institutional and retail clients around the world.

With $637 billion in assets under management (as of March 31, 2012), including $283 billion for institutional clients, PIM has a strong commitment to the institutional marketplace. Institutional investors such as corporations, public funds, Taft-Hartley plans, insurance companies, foundations, and endowments can access PIM's significant resources and expertise to help them meet their specific investment objectives.
 
Prudential Mortgage Capital Company is a national commercial, multifamily and agricultural mortgage finance business. Leveraging Prudential's 135-year history in real estate finance, the company offers one of the most comprehensive lines of real estate finance products and originates loans for Fannie Mae DUS, Freddie Mac Program Plus , specialized affordable housing programs, FHA and Freddie Mac Targeted Affordable programs; Prudential's general account; and other institutional investors.
 
PMCC Finance, a unit within Asset Management Finance, partners and supports the PMCC business by providing financial reporting, forecasting, and analytical services on existing and new products and initiatives.  PMCC Finance also provides financial reporting support and services to other internal units within Prudential Financial, Inc. (PFI), including the insurance companies of PFI (ie, Prudential Insurance Company of America, etc.).   
 
Primary Responsibilities:

• Partner with the Business Management teams in supporting Joint Ventures, New Initiatives and strategic investing activities.


• Assist in preparation of GAAP financial statements to ensure accurate and timely filing of all reporting obligations.


• Closing the monthly general ledger.  The close process includes preparing journal entries and entering them into general ledger (Oracle) for accruals, expense allocations, loan activity, investment activity, etc. 


•  Prepare various financial schedules and executive summaries for presentations


• Preparation of forecast, including understanding financial results and providing analysis around key drivers including production, profitability, opportunities and risks


• Assist as needed in all aspects of reporting on co-investment plan


• Coordinate all financial reporting and analysis for new PMCC initiatives (both organic as well as merger and acquisition related). 


• Partner with PFI Treasurer's Department to develop required equity attributes for new initiatives, as well as identify and implement funding opportunities.


• Become a trusted Finance advisor to the PMCC business units in the development of new and existing products


• Evaluate and make process improvements, wherever necessary.


• Perform various ad hoc requests as needed.

• Accounting or Finance Major
• 3 to 4 years of relevant experience
• Understanding of GAAP accounting and reporting a requirement
• Experience with new product launches and project plans a plus
• Strong analytical and financial skills
• Proficient in Microsoft Word and Excel
• Ability to work well in a team environment
• Ability to adhere to strict deadlines
• Overtime required during certain deadline periods