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Sr. Treasury Associate | Prudential Financial | Newark, NJ Prudential Financial companies serve individual and institutional customers worldwide and include The Prudential Insurance Company of America, one of the largest life insurance companies in the United States. These companies offer a variety of products and services, including life insurance, mutual funds, annuities, pension and retirement-related services and administration, asset management, banking and trust services, real estate brokerage franchises, relocation services and, through a joint venture, retail securities brokerage services. For more information, visit http://www.prudential.com. The Treasury Business Unit Group is part of the Treasurer's Department and is primarily responsible for managing the wholesale cash management and bank administration activities for specific lines of business. This position is responsible for performing the cash management responsibilities including cash positioning and reporting supporting one of Prudential's business lines, which includes Asset Management, PFI, Insurance or Retirement and Annuities. The primary job responsibilities for this position include: Determine daily cash positions Make investment related decisions based on forecast information as well as trended historical data Reconcile/analyze forecast to actual investment and operating activity on a daily basis Prepare variance analysis reporting for business units and portfolio management for monitoring forecast vs. actual discrepancies (variance reports) Prepare short-term cash flow projection reports Provide consulting to various business units of Prudential to improve processing flows, forecasting and investment related activity Communicate with banks and various Prudential business units to investigate and resolve transaction and balance issues Initiate wire transfers to concentrate funds for investment and fund operating and investment activity Track balance and wire discrepancies for reporting of management related quality performance scores Procedure and workflow documentation Conduct and document moderately complex financial analysis projects/reports. Other functions include independent and group projects related to cash management initiatives QUALIFICATIONS: Bachelor's Degree in Finance, Accounting, Economics, or Business Administration 2 years work experience with Prudential's cash process OR Relevant cash management / commercial banking experiences Excellent oral and written communication skills to effectively address processing issues and work with business partners and outside service providers Ability to conduct analysis (analysis of business unit activities i.e. trending and identification of cyclical patterns, variance analysis, investment option returns vs. cost, cost benefit analysis, etc.) Solid organizational skills and the ability to manage multiple tasks to maintain an efficient processing flow Good problem solving and decision making skills to respond to inquiries and processing issues Ability to apply sound business principles and practices to projects (judgment) Strong interpersonal skills to support team relationship within Treasurer's and with business partners and service providers The flexibility to assume other area assignments in the future as the staff is periodically rotated Ability to work well under pressure and meet tight deadlines in a team environment PC and spreadsheet experience preferred (MS Office including Excel, Word and Access) Work Conditions: Fast paced environment Frequent interaction with various personnel levels within the Enterprise and Prudential's banking network Hours of Operation 8AM - 4:10PM with possible mandatory overtime One of the responsibilities of this position includes the processing of wire transfers. In accordance with the Treasurer's Policies, any candidate selected for this position will be required to submit to an extensive background and credit check. Failure to comply will eliminate a candidate from consideration for this position. In addition, any negative information obtained as a result of the background screening may result in the disqualification of the candidate from this and any other position in Prudential Financial, including their current one if he/she is an internal candidate. Prudential is an Equal Opportunity/Affirmative Action Employer and is committed to diversity in its workforce. Any applicant selected for this position will be required to submit to an extensive background screening and a credit check. Failure to comply will eliminate an applicant from consideration for this position. Any negative information obtained as a result of the background screening may result in the disqualification of the applicant from this and any other position in Prudential, including their current position if they are an internal applicant. To apply for this position, please copy and paste the following link into your browser address bar: http://prudential.contacthr.com/10264068 or submit your resume and salary requirements through our homepage at https://jobs.prudential.com/apply_online_1.asp?jobid=1169338