Accounting Specialist - PGIM Fixed Income (Hybrid - Newark, NJ)

Prudential Financial • Newark, NJ

5d • Hybrid

About The Position

We are seeking a candidate to support the Global Fee Billing team within PGIM Fixed Income. The candidate will focus on invoice calculation/preparation for third party institutional clients and the support the revenue accrual function. They will collaborate closely with various internal teams including Product Data, Client Management, Operations, and Finance. The role will enable the candidate to deepen their understanding of fee and revenue calculation, data management & governance, financial reporting, and fixed income products.

Requirements

• 2-5 years related experience, preferably in a similar role focusing on asset management.
• Bachelor’s degree in business, Economics, Accounting, or Finance
• Essential skills include strong written communication abilities and attention to detail.
• Candidate must also demonstrate exceptional interpersonal, organizational, and time management skills
• Must have strong organizational and time management skills
• Must be capable of maintaining focus on both internal and external customers
• Candidate should be self-motivated and proactive with a willingness & a strong desire to learn.
• Strong proficiency with Microsoft Office applications is required, especially Excel.

Nice To Haves

• Previous experience working in an Operations, Billing, Reporting, or Finance department for an institutional investment management organization is a plus
• Previous experience with Envestnet (Revenue Manager), Oracle and Salesforce are preferred
• Familiarity with investment performance reporting and calculation of incentive-based fee schedules is preferred.
• Proficiency with data analytical tools such as Tableau, Power BI a plus.

Responsibilities

• Review investment management agreements to determine appropriate fee terms and calculations to be applied to client invoices.
• Set up new accounts in the Envestnet Revenue Manager system according to contracted fee terms, which enables accurate invoicing and revenue accounting.
• Support the monthly accruals for third party institutional asset management clients via Envestnet Revenue Manager.
• Develop models to be utilized for custom performance-based fee calculation agreements.
• Partner with account managers to address and resolve client inquiries related to their fees.
• Support completion of the annual SOX audit by gathering sample information and answering inquiries for our external auditor.
• Assist with the preparation, review and finalization of quarterly/monthly client invoices.
• Ensure invoices are prepared in accordance with the contractual terms and within expected timeframes.
• Provide timely responses to client inquires and special requests.
• Assist in identifying causes of accrual/billing issues as the need arises and work to provide prompt resolution.
• Maintain accurate, up to date, processes and controls for customer billing and fees.
• Provide exceptional client service to PGIM’s clients.
• Assist with the month end close and revenue related responsibilities.

Benefits

• Market competitive base salaries, with a yearly bonus potential at every level.
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
• 401(k) plan with company match (up to 4%).
• Company-funded pension plan.
• Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period).
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level