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Manager, Accounting - Asset Management

Prudential


Location:
Newark, NJ
Date:
11/17/2017
2017-11-172017-12-16
Job Code:
436378
Prudential
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Job Details

Position Title: Manager, Accounting - Asset Management
Job Code: 436378
Job Location: New Jersey-Newark
Description:

PGIM, the global investment management business of Prudential Financial with more than $1 trillion in Assets Under Management (across public and private fixed income, mortgage loans, equities, and real estate asset classes), currently has an exciting and challenging Manager opportunity on the PGIM Finance Team. Headquartered in Newark, NJ, the PGIM Finance Team is responsible for all controllership, planning and analysis, and overall finance support for the PGIM businesses.   The successful candidate chosen for this position will support a newly formed centralized Accounting Policy and General Account Services’ team within the PGIM Finance Team.  This role will have significant direct exposure to PGIM’s investment management businesses (i.e., public and private fixed income, mortgage loans, equities, real estate, etc.) and Prudential’s General Account investments managed by PGIM.  The role will require significant coordination with business unit controllers, corporate accounting policy, and the financial shared services organization. In addition, General Account Services will include support for a variety of finance matters for Prudential’s General Account.  

Responsibilities will include but not be limited to:

  • 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 understand the accounting implications of new transactions, real estate and debt fund structures, mortgage products, and fixed income products.
  • Document the background, details, accounting assessment  of new transactions and accounting policy conclusions reached.
  • 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
  • Manage accounting and finance-related aspects of significant projects and initiatives. Ensure transactions are properly accounted for in accordance with US GAAP; address significant accounting and reporting issues, and ensure timely and accurate resolution
  • Assist in implementation of new accounting standards across PGIM under both US GAAP and Statutory Accounting standards
  • Assist in monitoring finance matters for Prudential’s General Account such as support for impairment decisions and revenue projections.  
  • Assist in working with PGIM Finance and Corporate Accounting Policy to implement new accounting standards.
  • Establish and maintain strong working relationships with key functional areas including PGIM Finance, Accounting Policy, Risk, and Treasurers among others.
  • Respond to various ad hoc requests from senior executives and areas outside PGIM.

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.  Additional qualifications include:

  • 5 years of accounting/auditing experience in financial services with outstanding technical accounting skills
  • 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
  • Demonstrated track record in problem-solving, strategic thinking and analytical capabilities
  • Undergraduate or advanced degree, preferably in Accounting, working towards a CPA is expected.
  • Public/Private accounting experience in financial services.

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
Apply on the Company Site
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