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Financial Reporting Associate

Prudential


Location:
Newark, NJ
Date:
12/15/2017
2017-12-152018-01-14
Job Code:
444579
Prudential
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Job Details

Position Title: Financial Reporting Associate
Job Code: 444579
Job Location: New Jersey-Newark
Description:

 

ALM-Treasury Controllers 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 USGAAP and Statutory accounting standards.  

 

This role will support all accounting and financial reporting for Prudential Global Funding (PGF) subsidiary.

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), repurchase agreements, 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.

 

Specific responsibilities would include:

 

  • 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 system 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
  • Coordinate with functional and business partners in PGF Operations, PGF Traders, 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

 

  • 0-2 years of Experience
  • 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, SUMMIT FT and GAAP Reporting Supplementals a plus
  • Flexibility to work overtime required

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/Finance
Schedule: Full-time
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