Prudential Financial · 1 week ago
Manager, Financial Reporting - Accounting Implementation (Hybrid)
Newark, NJ
Full-time
Hybrid
Mid, Senior Level
$119K/yr - $177K/yr
6+ years expPrudential Financial is a leading financial services company, and they are seeking a detail-oriented Accounting Implementation - Financial Reporting Manager to join their Accounting Implementation Solutions team. This role involves designing and implementing accounting for reinsurance initiatives, ensuring high-quality financial reporting, and collaborating with various teams across the organization.
Asset ManagementFinanceFinancial ExchangesFinancial ServicesHealth CareInsuranceRetirement
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 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
Required
Accounting degree
Minimum of 6 years of insurance 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.
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.
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
2026-01-03
MarketScreener
2025-12-18
Company data provided by crunchbase