Sr. Accounting 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.
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 Separate Accounts Reporting unit is responsible for internal and
external financial reporting and analysis for the Individual Life and
Annuity Separate Accounts as well as for the daily operational roles of
performing cash trading, product pricing and performance reporting.
This position is in the Investing and Regulation area within Separate
Accounts. The primary responsibilities of the role are as follows:
- Supervision of two staff members and providing training and
development for these associates.
- Supervise the investing process including coordination and interaction
with outside areas. Process contract holder activity and trade shares
with fund managers. Review cash estimates and trade tickets; approval of
wires and vouchers for these trades.
- Participate in testing of new marketing initiatives (such as new
product or fund additions) as they relate to our Investing process.
- Supervise the pricing process. Gather net asset values from various
fund companies and use these to create unit values for our Separate
Account products. Ensure the unit values are sent to our Administrative
platforms which house contract holder information.
- Fixed Trade process. Review and approval of money movements for our
Fixed investments.
- Supervise Daily Tracer Annotations process. Send trade information to
and partner with Treasury unit in order to reconcile certain bank
accounts.
- Perform month-end close responsibilities. This entails preparing and
reviewing vouchers (such as accruals for assets and liabilities) and
proofs (such as a ledger to system compare) and sending information to
our internal customers.
- Perform year-end close responsibilities. Prepare and review financial
statements and footnotes for our registered Separate Account entities.
Includes making changes based on auditors' comments and reviewing
filings after receipt from our printing company. Supervision of the NSAR
and 24F-2 filings required by the SEC. Preparation of tax filings for
Corporate and Partnership filings.
- Maintain our daily investing Excel file. Make updates to the file for
various changes such as fund additions and expirations, update bank
account information and fund manager contacts.
- Prepare quarterly package for our three Real Property Accounts' SEC
10Q/10K filings. Includes preparing our financial statements and
gathering data from the Real Property Partnership area.
- Participate in various projects related to process efficiencies and
improvements.
JOB REQUIREMENTS:
- Bachelor's degree in business, such as Accounting or Finance
- 2 - 4 years of work experience
- Supervisory Experience is a plus
- Interpersonal, communication and partnering skills
- Comfortable with both Reporting and Operational roles
- Analytical, organizational and problem solving skills
- Proficient with Microsoft Excel - prior experience with Macros and Lookups is desired
- Access experience a plus
- Ability to work both independently and as part of a team
- Self-motivated, innovative and proactive
- Overtime is required during peak reporting or project periods
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/10752867
or submit your resume and salary requirements through our homepage at
https://jobs.prudential.com/apply_online_1.asp?jobid=1236308
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