Director, Financial Reporting - Asset Liability Management (Hybrid)

Prudential Financial • Newark, NJ

2d • Hybrid

About The Position

The Asset Liability Management Finance (ALM) Treasury Controllers unit within the Financial Services Organization (FSO) of Prudential Financial Inc. (PFI) is seeking a Director of Financial Reporting. The Treasury Controllers unit is primarily responsible for PFI’s derivative reporting, analyzing and communicating actual and forecasted GAAP, Statutory (STAT) and AOI basis derivative results to senior management, Prudential businesses and external filings under applicable standards. The unit is also responsible for supporting strategic initiatives involving derivatives, associated AOI policies, reporting and analysis of foreign exchange (“FX”) activities, monitoring and analysis of company-wide cumulative translation adjustment (CTA), Controllership of Prudential Global Funding (PGF), a subsidiary of PFI’s derivative transactions and certain other external reporting responsibilities. Successful factors include strong communication and partnering skills, inquisitive nature, self-motivated to make applicable changes to status quo, a track record of effectively leading and developing a team, and capability to work under tight time frames and ability to foster effective working relationships with key partners (e.g. Investment Operations, External Reporting, etc.) across the organization. The current employee work arrangement for this position is Hybrid out of 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. What you can expect: Overseeing the reporting and analysis of Derivative STAT basis results for each insurance legal entity (i.e. PICA, Pruco, PLNJ) Overseeing the compilation of GAAP and STAT related debt footnotes for PFI (10Q/K) and each legal insurance entity (PICA/PLAZ/PLNJ) Overseeing the production, analysis and reporting of the STAT basis forecast for derivatives Certain accounting and reporting deliverables of the company’s Treasury Stock Supporting the application of Statutory guidance to strategic initiatives involving derivatives Ensuring effective internal control environment (e.g. Compliance with SOX/MAR controls) Potential dotted-line responsibilities for other financial reporting deliverables within ALM Finance

Requirements

• Bachelor’s degree in accounting or finance
• Sound understanding of applicable accounting pronouncements
• Experience of investments and derivatives is a plus
• Solid knowledge of Microsoft office suite, particularly Excel
• Track record of financial reporting and analysis
• Strong sense of teamwork and ability to develop talent

Nice To Haves

• CPA designation preferred
• Big 4 experience
• CFA or MBA designation

Responsibilities

• Overseeing the reporting and analysis of Derivative STAT basis results for each insurance legal entity (i.e. PICA, Pruco, PLNJ)
• Overseeing the compilation of GAAP and STAT related debt footnotes for PFI (10Q/K) and each legal insurance entity (PICA/PLAZ/PLNJ)
• Overseeing the production, analysis and reporting of the STAT basis forecast for derivatives
• Certain accounting and reporting deliverables of the company’s Treasury Stock
• Supporting the application of Statutory guidance to strategic initiatives involving derivatives
• Ensuring effective internal control environment (e.g. Compliance with SOX/MAR controls)
• Potential dotted-line responsibilities for other financial reporting deliverables within ALM Finance

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: Director