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Manager, Accounting - Statutory Finance


Newark, NJ
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Job Details

Position Title: Manager, Accounting - Statutory Finance
Job Code: 444338
Job Location: New Jersey-Newark



The Statutory Finance team, a part of Corporate Controllers, is responsible for the preparation of financial statements in accordance with statutory accounting principles for Prudential's domestic insurance companies.  The group has responsibility for consolidating financial results from the business units, analyzing financial results for presentations with senior management, as well as preparing various regulatory filings for the state insurance departments.  In addition, this group is required to interact and partner effectively with counterparts in the Actuarial Department, Tax Department, Treasurers, Asset and Liability Management (ALM), Risk Management, Internal Audit, External Auditors, and Business Unit Controllers.

The manager’s responsibilities include:

  • Review the quarterly and annual statutory financial statements. This includes the balance sheet, income statement, cash flow, and various investment, insurance, and reinsurance exhibits and schedules.
  • Supervise staff.
  • Assist the external auditors with the completion of annual statutory audited financial statements.
  • Communicate and coordinate statutory accounting and reporting requirements with various business partners.

·        Research accounting issues and assist in the implementation of new statutory accounting guidance and new regulatory reporting requirements.

·        Maintain the statutory Oracle ledger reports that support most statutory statement pages, exhibits, and schedules.

·        Assist management with responses to external and internal auditors and regulatory inquiries.

·        Support management reporting needs by responding to various ad hoc requests from senior executives and areas outside statutory finance.

·        Ensure that adequate controls are in place throughout the statutory review and preparation process.


  • Undergraduate degree required.  Major in Accounting or Finance preferred 
  • 5 or more years of experience in accounting, financial reporting or analysis
  • Supervisory experience is preferred
  • Strong accounting, research and analytical skills
  • Stat and/or GAAP financial reporting experience preferred
  • Strong ability to pay close attention to details
  • Excellent written and verbal communication skills
  • Self-motivated and proactive
  • Ability to succeed independently and as part of a team to meet tight deadlines
  • Ability to foster and build relationships across multiple businesses
  • Ability to directly and indirectly manage, motivate, and lead others
  • Experience with Prudential Financial Systems preferred but not required (Oracle, SQB, FDW)
  • This job requires overtime during peak periods (mainly January, February and March)

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