Director Financial Reporting | 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 responsibilities of the Director in the Regulatory Reporting Unit of
Financial Management include the following:
- Coordinate the preparation of the statutory financial statements for
the Prudential Insurance Company of America, the main (parent) life
insurance entity of the company;
- Work with FIS (systems area) and profit center accounting areas,
investment operations, and Tax department to ensure that statement
system reports are updated and maintained on an ongoing basis;
- Coordinate/prepare the Risk-Based Capital calculation (actual and
forecasts) for the life insurance entities;
- Respond to various statutory financial statement questions from
regulators on the company's financial reports;
Assist the Unit's Vice-President where appropriate with the following:
- Assist with the preparation of various quarterly statutory analysis
packages such as the statutory Management's Discussion and Analysis
(MD&A), senior officers/board meeting packages, internal variance
analysis rating agency meeting materials, state insurance department
presentations, etc.;
- Assist with the statutory financial results forecasting process.
The Director has a staff of 5-7 people, including 1-2 Managers.
JOB REQUIREMENTS:
The Director requires a broad set of financial
reporting skills as the position is involved with both insurance and
investment accounting issues, writes extensive analysis and explanations
on various statement questions, researches statutory accounting impact
on various issues, and is involved with various system projects
supporting the financial reporting process.
- 7-10 years of financial reporting and accounting experience,
preferably in the insurance industry;
- Extensive ledger/reporting systems experience required (preferably
Oracle);
- Four year college degree required with a degree preferably in
accounting or finance;
- MBA and/or CPA helpful;
- Experience with Risk-Based Capital or required equity calculation (an
insurance industry capital adequacy measure) helpful;
- Excellent writing and oral communication skills are required as the
Director will be writing extensive analysis packages and will be
communicating with various levels of management and executives
throughout the company;
- Supervisory/managing experience of a group required;
- Overtime during quarterly reporting peak periods required, mainly
during January and February.
Prudential is an Equal Opportunity/Affirmative Action Employer and is
committed to diversity in its workforce.
To apply for this position, please copy and paste the following link
into your browser address bar:
http://prudential.contacthr.com/10280919
or submit your resume and salary requirements through our homepage at
https://jobs.prudential.com/apply_online_1.asp?jobid=1171481
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