Financial Reporting Specialist (Hybrid)

Prudential Financial • Newark, NJ

1d • Hybrid

About The Position

We are looking for a Financial Reporting Specialist to join our Corporate Controllers Department. As part of the Corporate Controllers Department and the Finance & Actuarial Community (FAC) of PFI, the External Reporting Team’s subsidiary reporting area is responsible for the controllership activities in support of the U.S. business units, domestically based investment & operating international entities, as well as PFI’s domestic Employee Benefit Plans. The team supports GAAP reporting across multiple legal entities, including subsidiary financial statements, disclosures, analysis, various regulatory filing submissions, economic surveys, and internal / external audit support. The team partners with various Business Unit Finance areas, individual PGIM Businesses, Investment Operations, and other corporate areas such as Tax, Treasurers & Law. The Financial Reporting Specialist will support the execution of various subsidiary financial statements, disclosures, and regulatory filings, while gaining exposure to the company’s investment and operating entities owned by various businesses, as well as GAAP financial reporting requirements. This position is hybrid out of our Newark, NJ office.

Requirements

• Bachelor’s or Graduate degree in Accounting or Finance (CPA or MBA a plus)
• 3 - 5 years of financial reporting and analysis experience
• Investment accounting, reporting experience and knowledge of GAAP accounting principles
• Strong research, analytical, problem-solving and communication (written and verbal) skills
• Ability to manage multiple responsibilities and effectively prioritize workload within tight deadlines in a fast-paced environment
• Proficient in Microsoft Excel (macros, pivot tables, lookups)
• Ability to build collaborative relationships and partner on various assignments
• Experience with Prudential Financial systems (Oracle, Essbase and Workiva)

Responsibilities

• Preparation of various subsidiary financial statements and reporting disclosures, legal entity financial statement driver analysis, while ensuring the control, timeliness, and accuracy of the financial statements
• Preparation of quarterly analysis and reporting data in support of disclosures for inclusion in PFI 10-K/Q and subsidiary financial statements
• Partner with various Business Unit Finance teams, corporate areas and other internal business partners on accounting and reporting matters
• Preparation of stand-alone audited financial statements and footnote preparation (including collaboration with external auditors and several internal support teams) which are filed with domestic and international regulators, and/or used for business unit purposes
• Assist with the implementation of new or updated GAAP accounting guidance
• Support annual PFI-wide audits by internal or external auditors
• Maintain internal controls over financial reporting and compliance with Sarbanes-Oxley requirements
• Continuously identify efficiencies and improve effectiveness by determining best practices
• Support special projects, initiatives, 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level