Associate Manager, Financial Reporting - Accounting Implementation (Hybrid)

Prudential Financial • Newark, NJ

2d • Hybrid

About The Position

Are you a detail-oriented, self-driven individual with accounting experience who loves tackling complex challenges and collaborating across teams? Do you want your work to drive real business outcomes and shape Prudential’s future? As part of our Accounting Implementation Solutions (AIS) team, you’ll play an important role in setting up the automated accounting for reinsurance and making an impact on our business and customers. We’re seeking an Accounting Implementation-Financial Reporting Associate Manager ready to innovate and grow with us. As part of the Corporate Controllers Department and the CFO Organization of PFI, the Finance Services Organization (FSO) is responsible for the controllership activities in support of the U.S. business units including the International activities performed domestically. The Accounting Implementation Solutions (AIS) team within FSO supports assessing and establishing policyholders, commission, and reinsurance accounting for Life, Annuities and Retirement new business initiatives. The Accounting Implementation - Financial Reporting Associate Manager will partner with project leads to design and implement accounting for reinsurance initiatives, ensuring Prudential’s financial reporting remains best-in-class. The successful candidate will also work closely, develop relationships, and become a trusted business advisor within the different FSO groups and to our business partners in Finance, Actuarial, Corporate Controllers, Operations, Separate Accounts Operations, Product Strategy, and Third-Party Administrators. The current employee work arrangement for this position is Hybrid, Newark and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relating the specific number of days you are expected to be on-site.

Requirements

• Accounting degree
• 5-6 years of insurance accounting experience
• Strong partnering, written and oral communication skills
• Strong analytical and research skills
• Ability to meet deadlines, prioritize and manage multiple assignments
• Self-motivated, ability to work independently and as part of a team
• Detail oriented
• Willingness to learn STAT and GAAP reporting and Financial Information Systems knowledge a plus
• Strong PC Skills including Excel, PowerPoint, and Word
• Oracle ledger and PIPS sub-ledger knowledge a plus
• Knowledge of reinsurance accounting a plus
• Overtime required

Responsibilities

• Implementation of new accounting related to reinsurance initiatives which includes:
• Creating Statutory and GAAP accounting examples of new transactions based on accounting guidance.
• Partnering with Operations to execute Table Maintenance System changes to support the accounting in the administration systems or reinsurance programs.
• Partnering with technology to test accounting transactions and reports programmed in the administration system/sub-ledger (PIPS) to ensure correct STAT and GAAP reporting.
• Updating relevant documentation to support the new business release.
• Processing and monitoring proofs and controls related to the administration systems and reinsurance programs to ensure accounting is correct, in addition, to researching and resolving issues related to these proofs.
• Supporting other FSO teams, Operations and Finance in researching and resolving issues/questions related to policyholder accounting.
• Providing internal and external audit support on policyholder accounting.
• Various ad-hoc requests as needed.

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