Prudential Financial · 1 day ago
Financial Reporting Associate
Newark, NJ
Full-time
Hybrid
New Grad, Entry Level
$51K/yr - $76K/yrPrudential Financial is one of the world’s leading financial services institutions, seeking a Financial Reporting Associate to join their ALM – Treasury Controllers group. This role involves oversight of derivative activities, financial reporting, and analysis for Prudential’s Global Funding subsidiary, ensuring compliance with accounting standards and delivering accurate financial results.
Asset ManagementFinanceFinancial ExchangesFinancial ServicesHealth CareInsuranceRetirement
Responsibilities
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 systems 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
Quarterly consolidation and analysis of derivative results by strategy for international subsidiaries
Coordinate with functional and business partners in PGF Operations, 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
Assistance in monitoring, analysis, and presentation of Company-wide foreign currency exposure, including impact to Company-wide cumulative translation adjustment (CTA)
Support periodic forecasting of Derivative results for PFI
Qualification
Required
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
Flexibility to work overtime is required
Preferred
Experience with Oracle general ledger and related reporting supplemental tool and Finastra Summit 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.
Company
Prudential Financial
Prudential Financial specializes in the fields of investment management, life insurance, and retirement benefits. It is a sub-organization of Prudential Financial.
Founded in 1875
10001+ employees
H1B Sponsorship
Prudential Financial has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2024 (1)
2023 (1)
Funding
Current Stage
Public CompanyTotal Funding
$1.25BKey Investors
AM Best
2025-03-13Post Ipo Debt· $750M
2024-02-14Post Ipo Debt· $500M
2001-12-13IPO
Leadership Team
Andrew Sullivan
Chief Executive Officer
Yanela Frias
Executive Vice President & Chief Financial Officer
Recent News
Channel NewsAsia
2026-01-19
2026-01-03
MarketScreener
2025-12-18
Company data provided by crunchbase