Prudential Financial

Director, Financial Reporting

Prudential Financial

full-time

Posted on:

Location Type: Hybrid

Location: Newark • New Jersey • United States

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Salary

💰 $147,100 - $220,700 per year

Job Level

Lead

About the role

  • Leading the Accounting Policy function within ILI Controllers including the documentation of transactions such as capital management projects, actuarial and investment initiatives, new products, and new accounting guidelines
  • Leading the implementation and ongoing governance of new product offerings
  • Provide oversight and review of both the GAAP and Stat financial statements for the CBD
  • Provide analysis supporting SEC reporting (10K/10Q/MD&A) for the CBD
  • Analyze quarterly key business earnings drivers, including underwriting results, investment results, expense drivers, and taxes
  • Manage relationships with corporate centers and other internal parties including Corporate Controllers, Financial Services Organization (FSO), Closed Block Executive Office, Risk Management, Legal, Tax, internal and external auditors, Treasurers, Asset & Liability Management, and Actuarial
  • Support annual Closed Block requirements such as annual appraisal for the dividend setting process and agreed upon procedures for the State of NJ
  • Provide related support for Regulatory Reporting as it arises
  • Human resource management including staff recruiting and development, training and succession planning
  • Role will have three team members directly supporting accounting policy and CBD reporting

Requirements

  • Strong leadership and communication skills
  • Ability to collaborate with others to drive strategy and execution
  • Strong GAAP and Statutory reporting experience in the insurance industry including a thorough knowledge of insurance industry GAAP and Statutory accounting policies and concepts
  • Strong understanding of insurance-related actuarial concepts and reinsurance
  • Robust understanding of investments, including derivatives and financing arrangements
  • Degree in Accounting or related field
  • It’d be a plus if you had: CPA designation with public accounting experience
Benefits
  • Medical, dental, vision, life insurance, disability insurance
  • Paid Time Off (PTO)
  • 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
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
GAAP reportingStatutory reportingFinancial analysisInvestment analysisActuarial conceptsReinsuranceCapital managementRegulatory reportingFinancial statement reviewAccounting policy documentation
Soft Skills
LeadershipCommunicationCollaborationStrategic thinkingTeam managementStaff developmentTrainingSuccession planning
Certifications
CPA