Mgr., 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 Manager 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 or certain life insurance subsidiaries;
- 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;
- Assist with the coordination/preparation the Risk-Based Capital
calculation (actual and forecasts) for some of the life insurance
entities. This function will be shared with another Manager/Director,
split by Pru companies;
- Respond to various statutory financial statement questions from
regulators on the company's financial reports;
- 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. This
function will be shared with another Manager/Director, split by Pru
companies;
- The Manager has a staff of 2-3 people.
JOB REQUIREMENTS:
The Manager requires a broad set of financial
reporting skills as the position is involved with both insurance and
investment accounting issues, writes 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.
- 5-10 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;
- Experience with Risk-Based Capital (an insurance industry capital
adequacy measure) helpful;
- Excellent writing and oral communication skills are required as the
Manager will be writing analysis packages and will be communicating with
various levels of management;
- Supervisory/managing experience 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/10538383
or submit your resume and salary requirements through our homepage at
https://jobs.prudential.com/apply_online_1.asp?jobid=1207237
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