PGIM-Associate Manager, Accounting

Prudential Financial • Dallas, TX

11d

About The Position

As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world. We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers! If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today. At PGIM, You Can! Prudential Asset Resources, a division of Prudential Mortgage Capital Company, has an immediate opportunity within the accounting and finance division at their Dallas location. The position will incorporate both accounting and investor reporting functions with tremendous growth opportunities for a highly detail oriented and organized individual. Also, we look forward to expanding our team for an associate with a passion for optimizing processes to achieve efficiency and effectiveness.

Requirements

• Bachelor's degree in Accounting or related business degree required with a minimum of Intermediate Accounting I & II.
• 3-5 years of accounting experience in a financial services environment or 2-3 years public accounting required
• 1-3 years of experience with Information Systems related to Accounting functions.
• Ideally the successful candidate would possess working knowledge of sub ledger to general ledger feeds as well as databases and how they function.
• The candidate should possess excellent communication skills, both oral and written.
• Excellent interpersonal and customer service skills are essential.
• Must possess strong organizational skills and attention to detail.
• Strong analytical and problem-solving skills
• Exceptional Microsoft Office skills (Excel, Word) is required.
• The candidate should have the ability to multitask, self-motivate, and prioritize work effectively in a face paced environment.
• They should enjoy problem solving and collaborating in a team environment.

Nice To Haves

• Mortgage or Insurance industry accounting experience and/or CPA preferred but not required.
• Experience with MS Acess, SQL is a plus.
• Experience with foreign investments (FX conversions) is helpful but not required.

Responsibilities

• Performs monthly close reasonableness reviews including but not limited to income analysis, interest accruals, & book value roll forwards.
• Responsible for reconciling the general ledger for both GAAP and Statutory accounts on a monthly basis, between the mortgage loan servicing system and the GL, and other downstream reporting systems (e.g. unpaid principal balance, escrows, reserves, premium/discount amortization, fee income, interest income, etc.)
• Responsible for the accounting and maintenance of deferred income/expense items and reconciliation of the system calculated yield to ledger book yields.
• Prepare month end trial balances and other financial reports for all portfolios, as requested. (e.g. fee income, misc income, gains/losses, statutory Schedule B, GAAP supplemental, etc.)
• Assist with audit requests, SOX experience helpful.
• Assist Accounting Manager with other ad hoc financial analysis, reconciliation as needed.
• Completes all work to meet critical deadlines for month-end and time lines for reconciliations.
• Maintains orderly and complete accounting records for audits or management inquiry.
• Advise Manager and management of financial items/issues.
• Prepare daily valuations, financial statements and remittances files while coordinating with both internal and external parties related to reporting.
• Interpreting servicing agreements, government regulations, accounting manuals, and loan documents to ensure accounting and reporting requirements are being met.
• Prepare applicable journal entries based on reconciliations.
• Prepare monthly accruals and market value adjustments.
• Assist with process automation.

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), after one year of service.
• 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