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
GAAP reportingStatutory reportingFinancial analysisInvestment analysisActuarial conceptsReinsuranceCapital managementRegulatory reportingFinancial statement reviewAccounting policy documentation
Soft skills
LeadershipCommunicationCollaborationStrategic thinkingTeam managementStaff developmentTrainingSuccession planning
Certifications
CPA