Manager, Financial Reporting (Virtual)

Prudential Financial • Newark, NJ

2d • Remote

About The Position

At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions! As part of the Corporate Controllers Department and the CFO Organization of PFI, the Financial Services Organization (FSO) is responsible for the controllership activities in support of the U.S. business units including international activities performed domestically. The Financial Accounting & Analysis (FSO A&A) team supports monthly, quarterly, and annual GAAP and Statutory close processes, including journal processing, reconciliations, and analysis of balance sheet and income statement drivers. The team partners closely with most of the Prudential business units and other corporate areas. This individual will have financial close responsibilities to ensure that all monthly, quarterly and annual accounting/reconciliation responsibilities are completed. Individuals at this level typically have some understanding of the firm’s different businesses and related economics as well as some industry experience and/or subject area expertise in one or more specific skill sets, business areas, or products. The current current employee work arrangement for this position is Fully Virtual. While this position does not require your on-site presence on a regular basis, depending on business preferences, there may be occasions where you are required to be on-site at a Prudential office.

Requirements

• Bachelor’s or Graduate degree in Accounting or Finance (CPA a plus)
• Minimum eight (8) years of related experience
• Knowledge of GAAP and Statutory accounting principles
• Insurance and/or Reinsurance experience a plus
• Ability to manage multiple responsibilities under challenging time frames
• Strong organizational, analytical and problem solving skills
• Strong collaborative and partnering skills
• Highly motivated, proactive, detail oriented
• Strong Microsoft Excel skills
• Experience with Prudential Financial systems a plus (Oracle, Oracle BI, Essbase/Smartview, & other financial statement applications)
• Excellent oral and written communication skills
• Ability to work overtime during peak periods

Responsibilities

• Ensure timely and accurate completion of general ledger close responsibilities by staff, including review and approval of journal entries and reconciliations
• Serve as a point person for multiple business units and corporate areas for any requests on close activities, reinsurance and new initiatives
• Supervise and guide offshore Staff
• Seek out and/or develop efficiencies and improve effectiveness by instituting best practices in processes
• Support quarterly/annual audits by Internal Audit, as well as, independent external auditors
• Ensure adequacy of internal controls over financial reporting and compliance with Sarbanes-Oxley and Model Audit Rule requirements
• Support Reinsurance and new product launches as well as other project initiatives as assigned
• Prepare specific balance sheet and income statement driver analyses and reconciliations (i.e. Actuarial drivers, GAAP trending and variances, etc.)
• Continuously monitor workload balance across Associates and adjust as necessary
• Champion FSO values and process design principles with Staff and business partners

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: Manager