Financial Reporting Associate

Prudential Financial • Newark, NJ

2d • $57,200 - $94,400 • 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 new business and making an impact on our business and customers. We’re seeking an Accounting Implementation-Financial Reporting Associate 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 will partner with project leads to support the assessment, design, and implementation accounting for new business 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.

Requirements

• Accounting degree
• 1-2 years of accounting experience; strong foundational accounting skills being a primary requirement
• 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
• Strong PC Skills including Excel, PowerPoint, and Word

Nice To Haves

• STAT and GAAP reporting and Financial Information Systems knowledge a plus
• Oracle ledger and PIPS sub-ledger knowledge a plus

Responsibilities

• Implementation of new accounting related to new business 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.
• 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 to ensure accounting is correct. In addition, 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).

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree