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Prudential plc · 3 weeks ago

Manager, Financial Reporting - Accounting Implementation

Newark, NJ

Full-time

Hybrid

Mid, Senior Level

$119K/yr - $177K/yr

6+ years exp

Prudential is a financial services company seeking a detail-oriented Accounting Implementation-Financial Reporting Manager to join their Accounting Implementation Solutions team. The role involves designing and implementing accounting initiatives for reinsurance, ensuring best-in-class financial reporting, and collaborating with various internal teams to support business outcomes.

Asset ManagementConsultingFinancial ServicesHealth CareInsurance

Responsibilities

Implementation of new reinsurance initiatives and associated accounting which includes:

Create project plans/deck, support/lead project meetings, identify/support resolution of open items/issues, and update relevant documentation to support the new reinsurance transaction

Review new reinsurance treaties and accounting policy guidance memorandums in conjunction with existing policyholder accounting to determine any new accounting or accounting elements required to support the reinsurance initiative

Review new product design memorandums in conjunction with existing policyholder accounting to determine any new accounting or accounting elements required to support reinsurance initiatives

Create and document a summary of the reinsurance initiatives and their unique accounting impacts of in a summary assessment

Create Statutory and GAAP accounting examples/flows of new reinsurance transactions based on accounting guidance

Partner with Reinsurance Program team to execute Table Maintenance System changes to support the accounting in the administration systems or reinsurance programs

Support other FSO teams, Operations and Finance in researching and resolving issues/questions related to reinsurance policyholder accounting

Provide internal and external audit support on policyholder accounting

Various ad-hoc requests as needed

Qualification

Accounting degreeAccounting experienceSTAT reportingGAAP reportingFinancial Information SystemsOracle ledger knowledgePIPS sub-ledger knowledgeReinsurance accounting knowledgeAnalytical skillsPC skillsMeet deadlinesCommunication skillsDetail orientedSelf-motivated

Required

Accounting degree

Minimum of 6 years of accounting experience

Strong partnering, written and oral communication skills

Strong analytical and research skills

Ability to meet deadlines, prioritize and manage multiple assignments

Self-motivated, ability to work independently and as part of a team

Detail oriented

Willingness to learn

Strong PC Skills including Excel, PowerPoint, and Word

Overtime required

Preferred

STAT and GAAP reporting and Financial Information Systems knowledge a plus

Oracle ledger and PIPS sub-ledger knowledge a plus

Knowledge of reinsurance accounting a plus

Benefits

Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.

401(k) plan with company match (up to 4%).

Company-funded pension plan.

Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.

Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.

Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.

Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.