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Financial Reporting Associate

Prudential


Location:
Newark, NJ
Date:
12/14/2017
2017-12-142018-01-12
Job Code:
440438
Prudential
Apply on the Company Site
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Job Details

Position Title: Financial Reporting Associate
Job Code: 440438
Job Location: New Jersey-Newark
Description:
Business Unit Overview
 
The Treasury Controllers Group in ALM Finance of Prudential Financial Inc. (PFI) has an opening for a Financial Reporting Associate. The group is primarily responsible for the analyzing, reporting, and communicating actual and forecasted derivatives results of PFI to senior management, Prudential businesses and external financial filings under USGAAP and Statutory accounting standards. The group is also responsible for consolidated debt reporting, accounting and reporting of Treasury stock for PFI.  The derivative instruments encompass interest rate swaps, cross currency swaps, forwards, futures, options in the context of General Account investments, PFI’s foreign currency hedging as well as structured transactions.
 
The Financial Reporting Associate would be primarily responsible for the following areas:
 
Treasury Stock
  • Record treasury stock transactions (share repurchases & stock option exercises)
  • Record other entries impacting treasury stock (i.e., month-end accruals, restricted stock releases, Board of Directors deferred compensation, PSPP program, etc.)
  • Prepare the monthly treasury stock reconciliation
 
Enterprise Debt Reporting
  • Prepare quarterly debt reporting to be included in the company’s Management, Discussion and Analysis
  • Consolidate and provide market value reporting for debt
  • Compile and analyze consolidated interest expense for the enterprise
  • Prepare derivative accounting and reporting for corporate and other subsidiaries
  • Prepare annual disclosures for debt and affiliated notes receivables for Pru Holdings and PICA
  • Prepare debt supplemental (GAAP package) pages for corporate and other subsidiaries
  • Prepare the company’s quarterly and annual debt footnotes and related XBRLfiling
 
Derivative Reporting
  • Prepare quarterly STAT investment results deck for Senior Management
  • Prepare derivative footnote for Statutory Blue Books
  • Assist in preparing regulatory filings for derivatives
  • Partner with internal and external auditors, investment operations, STAT consolidation, and the SEC Reporting group
 
Additional Responsibilities:
  • Design, automate, and maintain various spreadsheets used to compile and analyze data 
  • Support new department initiation and other ad hoc projects
  • Overtime required during peak period

 
  • Bachelor’s Degree; Accounting or Finance Major
  • Advanced degree and certifications (e.g. CPA) a plus
  • Strong knowledge of Microsoft office suite (Word, Excel, PowerPoint)
  • Familiarity with Oracle, Clarity/XBRL a plus
  • Strong sense of team work
  • Strong interpersonal, communication and partnering skills

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: General Finance
Schedule: Full-time
Apply on the Company Site
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