Job Classification:
Finance & Accounting - Finance & Accounting
Prudential Financial Inc.'s (PFI) Open Architecture Solutions (OAS) team is seeking a skilled and highly motivated individual to fulfill the role of Manager, Financial Reporting for Lotus Reinsurance Company Ltd. (Lotus Re) based in the U.S. and reporting to the OAS Director, Controller. This position will coordinate and support many of the controllership and financial reporting activities for Lotus Re, a Bermuda based affiliated reinsurance company. Lotus Re expands PFI's presence in Bermuda with the primary purpose of assuming risk from PFI's US businesses in support of enterprise objectives of producing more economic outcomes for certain products and liabilities, while remaining anchored in our guiding principles of maintaining focus on all of our stakeholders and looking to improve outcomes for existing and new policyholders.
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Lotus Re activities support external presentations as well as developing and providing internal management reporting perspective. This area is highly visible and involves partnering with Actuarial, CIO, ALM, Investment Ops, and several corporate areas (Controllers, Tax). This area also provides significant support to external and internal auditors for quarterly reviews and annual audits. The successful candidate will coordinate all aspects of the monthly, quarterly, and annual Lotus Re financial results.
The position offers the candidate an excellent opportunity to develop and utilize their leadership skills and provides the opportunity to implement process improvements.
What you can expect:
- Analyze trends and variances within the various lines of the income statements and balance sheets while ensuring the financial statements are well controlled, timely and accurate.
- Work closely with Financial Services Organization (FSO) teams to ensure accurate manual entries into the Oracle ledger.
- Analysis of Lotus Re financial results on a quarterly and annual basis to support the local Bermuda reporting requirements. The financial results are prepared on several different basis of accounting including U.S. GAAP Audited Fair Value Option and local Bermuda requirements.
- Support the actuals reporting for Lotus Re standalone US GAAP financials, statutory financials, and Economic Balance Sheet (EBS).
- Coordinate the compilation of the Capital and Solvency Return (CSR), which includes the Bermuda Solvency Capital Requirement (BSCR) and associated Schedules.
- Coordinate the compilation of audited US GAAP financials and Bermuda statutory financials.
- Support any potential future reinsurance transactions that Prudential may decide to pursue.
- Working closely with external auditors to complete the annual US GAAP and local Bermuda SFS audited statements.
What you'll need:
- Bachelor's degree with a major in Accounting or Finance.
- Minimum of 5-8 years of relevant work experience.
- Strong understanding of US GAAP and/or Statutory accounting and reporting.
- Proven ability to manage multiple deliverables and meet deadlines under challenging time frames.
- Strong collaborative, communication and partnering skills.
- Ability to manage through ambiguity.
- Ability to work overtime during peak periods.
It'd be a plus if you have:
- Advanced degree, MBA, or CPA.
- Experience managing reports and/or shared resources.
- Strong analytical skills and the ability to pay close attention to detail.
- Innovation mindset with the willingness to challenge the status quo.
What we offer you:
Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $118,700.00 to $176,600.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.
- Market competitive base salaries, with a yearly bonus potential at every level.
- Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
- 401(k) plan with company match (up to 4%).
- Company-funded pension plan.
- Wellness Programsincluding 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 is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.
If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com.
If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.