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Director, Accounting Policy

Prudential


Location:
Newark, NJ
Date:
04/20/2018
2018-04-202018-05-19
Job Code:
455799
Prudential
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Job Details

Position Title: Director, Accounting Policy
Job Code: 455799
Job Location: New Jersey-Newark
Description:

MISSION AND CULTURE OF PRUDENTIAL

Prudential is a company of smart, ambitious professionals working together to create a better future for our customers and our communities around the globe. As one of the most recognizable financial services companies in the world, our employees are building on our 140-year history of financial strength with a focus on innovation and transformation to meet tomorrow’s most complicated challenges. We are committed to the growth and development of our employees. This includes providing talent mobility across the organization, as well as supporting continuous education through tuition reimbursement, in-house review courses and company sponsored training programs. We see our business success as a direct result of our talent. We are renowned for our diverse culture and our continued efforts to give back to the communities where we live and work.
 
FINANCE OPPORTUNITY IN PGIM
PGIM, the global investment management businesses of Prudential Financial Inc., is a multi-manager that delivers industry-leading strategies and solutions to clients. With offices located in 16 countries across five continents, PGIM is among the top 10 largest asset managers in the world with over $1 trillion in assets under management. Each business maintains its own investment process and culture, allowing for a singular focus on delivering investment returns for clients. The PGIM businesses offer investors a wide range of investment strategies across asset classes and geographies, including public equities, public and private fixed income, commercial mortgages and real estate.
 
The PGIM Controllership team currently has an opening for a Director of Accounting Policy supporting PGIMs’ businesses.
The successful candidate chosen for this position will support PGIM Controllers existing Accounting Policy Team.  This role will have significant direct exposure to PGIM’s investment management businesses, with emphasis on PGIM’s Real Estate business.  The role will require significant coordination with business unit controllers, corporate accounting policy and the finance shared services organization.
 
Responsibilities will include but not be limited to:
  • Apply U.S. GAAP to complex transactions and strategic initiatives to identify and resolve accounting issues for internal stakeholders
  • Lead implementation efforts for new accounting standards
  • Liaise with Corporate Accounting Policy Group to monitor accounting policies and evolving standards
  • Review financial statements and disclosures for appropriateness under U.S. GAAP (10-K, 10-Q and stand-alone reports)
  • Analysis of investments and transactions to address accounting and reporting issues, including consolidation, with VIE/VOE considerations; income recognition; impairment; fair value reporting; asset transfers; loans, including modifications; real estate; derivatives; among others.
  • Interact directly with the PGIM lines of business to help them understand the accounting implications of new transactions, real estate and debt fund structures, mortgage products, and fixed income products.
  • Support the PGIM Finance Team on U.S. GAAP and Statutory policies including support for quarterly reporting and emerging issues, as well as resolution of technical issues as they arise.
  • Maintain PGIM’s internal control standards including timely implementation of internal and external audit points together with any issues raised by auditors
  • Assist in implementation of new accounting standards across PGIM under both US GAAP and Statutory Accounting standards  
  • Research accounting issues and prepare documentation to ensure compliance with US GAAP
  • Establish and maintain strong working relationships with key functional areas including PGIM Finance, Accounting Policy, Risk, and Treasurers among others.

A background in the asset management business, including fixed income, real estate and/or hedge funds is highly desirable. The candidate must be able to manage multiple assignments and priorities in a fast-paced environment. 
  • Bachelor's Degree in Accounting or other relevant discipline
  • Certified Public Accountant (CPA) designation
  • 8 years of accounting/auditing experience in financial services with outstanding technical accounting skills
  • Experience with new GAAP rules regarding consolidation (including VIEs) and revenue recognition
  • At least 5 years of public accounting or technical accounting role experience
  • Experience with either a large, public financial services company in Accounting Policy or a technical accounting role within a large public accounting firm
  • Strong written and oral communication skills
  • Able to build relationships and trust and exert influence beyond positional authority
  • Demonstrate a strong accounting background and the ability to articulate guidance to others.
  • Substantial US GAAP experience, including new standard assessment capabilities
 
Job Function Accounting Policy
Primary Location United States-New Jersey-Newark /Madison

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, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

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.
Job Function: Accounting Policy
Schedule: Full-time
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