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Financial Reporting Specialist


Newark, NJ
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Job Details

Position Title: Financial Reporting Specialist
Job Code: 442038
Job Location: New Jersey-Newark
The Financial Reporting Specialist position is in the Statutory Finance Unit and part of the Corporate Controllers Department within Financial Management. The Specialist is responsible for assisting in the coordination and production of the Regulatory (Statutory) financial statements for certain domestic insurance subsidiaries of the Company. This position works closely with the other Associates, Managers, and Directors in the Unit on various ongoing issues and reports to one of the Managers in the Unit.  Specific responsibilities include:
  • Assist with the coordination of the production and preparation of the various quarterly and annual statutory financial statements, which are filed with each state insurance department and the National Association of Insurance Commissioners (NAIC) 
  • Work with our external auditors (PwC) closely in the preparation of the annual audited financial statements and footnotes. In addition to the coordination and of the audit process, this individual may be heavily involved in the engagement and relationship management of PwC and our business partners throughout the year
  • Assist with coordinating the writing and preparation of variance analysis on statutory statement results, which is used to compile the Statutory MD&A (Management’s Discussion & Analysis) and other internal/external analysis, as well as presentations on statutory results for senior officers and subsidiary board meetings
  • Implement and monitor/test key controls for the Corporate Statutory Reporting process as part of the Company’s Management’s Report on internal controls per the NAIC’s Model Audit Rule requirement
  • Support the preparation of Company responses to letters from various State and other regulators asking about certain variances, etc. within the Statutory Financial Statements
  • Participate in the coordination of the ongoing maintenance of the statutory statement Oracle reports that support most statutory statement pages, exhibits, and schedules.  Work with systems area (ESFS) to create and improve statutory reports as appropriate
  • Develop close work contacts with peers in each of the applicable profit center accounting and actuarial areas, including  ESFS, the Tax Department, Investment Reporting (ALM), Investment Operations, Corporate Accounting Policy, Treasurers, and the Corporate Actuarial Unit

  • Bachelor’s degree required in accounting (preferred), finance or economics
  • MBA and/or CPA a plus
  • Minimum of three years of experience in accounting and financial reporting, preferably in a large financial services company
  • Statutory accounting and reporting experience very helpful
  • Must be detailed orientated with strong interpersonal skills
  • Excellent written and verbal communication skills, including experience in writing analysis on financial results (income statement)
  • Strong working knowledge of Microsoft Word and Excel required
  • Knowledge of Oracle general ledger system or other major ledger system preferred
  • Overtime is required during peak periods throughout the year (quarter close), especially during the year-end close process (January and February)

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 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 for more information about doing business with Prudential.
Job Function: Accounting/Finance
Schedule: Full-time
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