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Senior Financial Reporting Associate - ALM Finance (Hybrid)

AT Prudential Financial
Prudential Financial

Senior Financial Reporting Associate - ALM Finance (Hybrid)

Newark, NJ

Job Classification:
Finance & Accounting - Finance & Accounting

At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you'll unlock a motivating and impactful career - all while growing your skills and advancing your profession at one of the world's leading financial services institutions!

The ALM - Treasury Controllers group is looking for a Senior Financial Reporting Associate. The group is responsible for direct oversight of Prudential's derivative, cumulative translation adjustments (CTA) and debt/treasury stock activity, including the reporting, analyzing, and communicating of those results to Senior Management and the Prudential businesses. The group is also responsible for the analyzing, reporting, and communicating actual and forecasted derivatives results of PFI to senior management, Prudential businesses and external financial filings under US GAAP and Statutory accounting standards. Specific functional areas cover:

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  • Accounting and financial reporting for Prudential Global Funding (PGF) subsidiary
  • All aspects of the reporting and analysis of General Account, Domestic and International derivative and foreign exchange ("FX") activities

Prudential Global Funding (PGF) acts as a derivatives conduit by facilitating derivative and related activity for PICA and other subsidiaries of Prudential. This subsidiary maintains an investment portfolio consisting of derivatives (including swaps, options, futures, credit default swaps and foreign exchange contracts), cash equivalents and bonds. The successful candidate would have primary responsibility in preparing and reviewing the daily, monthly and quarterly financial reporting requirements of the PGF subsidiary.

The current employee work arrangement for this position is Hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.

What you can expect:

  • Complete the daily profit & loss (P&L) statements and accounting entries for investment activity, including interaction with derivative Traders
  • Prepare the PGF subsidiary monthly and quarterly book close journal entries and reconcile ledger accounts to appropriate supporting systems reports or data
  • Assist in the preparation of the subsidiary's quarterly stand-alone financial results and analysis presentation for senior management
  • Prepare PGF stand-alone annual reports, including financial statements and footnotes
  • Daily monitoring of derivative trades for proper hedge code assignment
  • Quarterly consolidation and analysis of derivative results by strategy for international subsidiaries
  • Coordinate with functional and business partners in PGF Operations, PGF Documentation Group, PGF Systems, International subsidiaries, Treasurers, and Investment Risk Management, as well as Internal and External Auditors
  • Ensure that the accounting and financial reporting processes and deliverables are controlled and meet Sarbanes-Oxley requirements
  • Support department projects and ad-hoc requests
  • Assistance in monitoring, analysis, and presentation of Company-wide foreign currency exposure, including impact to Company-wide cumulative translation adjustment (CTA)
  • Support periodic forecasting of Derivative results for PFI

What you'll need:

  • Undergraduate degree, preferably in Accounting or Finance
  • Self-motivated and proactive with ability to work independently and as part of a team
  • Good analytical and problem-solving skills
  • Proficient in Microsoft Excel (advanced formulas and functions)
  • Highly organized and attentive to details
  • Effective interpersonal, communication and partnering skills
  • Able to effectively prioritize and manage time in a fast-paced, ever-changing and challenging environment
  • Experience with Oracle general ledger and related reporting supplemental tool and Finastra Summit a plus
  • Flexibility to work overtime is required

At Prudential, you can:

We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services such as on demand resources and networking to propel your career forward.

We're a global organization, full of outstandingly dedicated people who aren't afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.

What we offer you:

  • 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
  • Retirement plans:
  • 401(k) plan with company match (up to 4%)
  • Company-funded pension plan
  • Wellness Programs to help you achieve your wellbeing goals, 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.
  • Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.
  • 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.

To find out more about our Total Reward package, see our Total Rewards Brochure. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

#LI-HYBRID

Note: 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 $57,900.00 to $86,100.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. 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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

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.

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.

Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.

Client-provided location(s): Newark, NJ, USA
Job ID: Prudential-R-118166
Employment Type: Full Time

Perks and Benefits

  • Health and Wellness

    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • FSA With Employer Contribution
    • HSA
    • HSA With Employer Contribution
    • Health Insurance
  • Parental Benefits

    • Adoption Leave
    • Birth Parent or Maternity Leave
    • Adoption Assistance Program
    • Family Support Resources
  • Vacation and Time Off

    • Paid Holidays
    • Personal/Sick Days
  • Financial and Retirement

    • 401(K)
    • 401(K) With Company Matching
    • Pension
    • Stock Purchase Program