Associate Manager, Financial Reporting

Prudential Financial•Newark, NJ

3d•Hybrid

About The Position

Prudential Financial, Inc. (PFI) is a multi-national financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company’s well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services. For more information, please visit www.prudential.com. As part of the Corporate Controllers Department and the CFO Organization of PFI, the External Reporting organization is responsible for the controllership activities in support of the U.S. business units including the International activities performed domestically. The Financial Reporting team supports GAAP reporting across multiple legal entities, including subsidiary financial statements, disclosures, analysis, various regulatory filing submissions, and internal and external audit support. The team partners with Business Unit Finance areas, PGIM Controllers and individual PGIM Businesses, Investment Operations teams and other corporate areas. The Associate Manager will primarily focus on the execution of various subsidiary financial statements, disclosures, and regulatory filings, while gaining exposure to the company’s PGIM (Asset Management) business, as well as GAAP and SEC financial reporting requirements. The current employee work arrangement for this position is Hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.

Requirements

4 – 6 years of financial reporting and analysis experience
Excellent oral and written communication skills
Keen attention to detail with sharp analytical and problem-solving skills
Self-directed and proactive
Proficient in Microsoft Excel
Understanding of GAAP accounting principles
Ability to manage multiple responsibilities and effectively prioritize – Note: Overtime expected during peak reporting periods
Ability to build collaborative relationships and partner on various assignments

Nice To Haves

CPA or MBA
Investment accounting or reporting experience
Experience with Prudential Financial systems (Oracle, Essbase, GAAP Supplementals)and/or Workiva
Experience working in matrixed teams

Responsibilities

Coordinate preparation of various PGIM subsidiary financial statements and disclosures, legal entity financial statement driver analysis, while ensuring the control, timeliness, and accuracy of the financial statements
Prepare, review, and analyze reporting data in support of multiple disclosures for inclusion in PFI 10-K/Q and subsidiary financial statements
Partner with PGIM Controller & Business Unit Finance teams, Corporate areas and other internal business partners on accounting and reporting matters
Coordinate compilation of stand-alone audited financial statements and footnote preparation (including collaboration with external auditors and several internal support teams) which are filed with domestic regulators, &/or used for client purposes.
Integrate new investment related subsidiaries and/or acquisitions into existing reporting processes
Assist with the implementation of new or updated GAAP accounting guidance
Continuously identify efficiencies and improve effectiveness by implementing best practices
Perform oversight of staff including third-party service provider (EXL)
Support annual PFI-wide audits by internal or external auditors
Ensure adequacy of internal controls over financial reporting and compliance with Sarbanes-Oxley requirements
Participate or lead special projects and initiatives
Fulfill ad-hoc reporting and analysis requests

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.

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