Job Classification:
Finance & Accounting - Finance & Accounting
At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions.
As part of the Corporate Controllers Department and the CFO Organization of PFI, the Financial Services Organization (FSO) is responsible for the controllership activities in support of the U.S. business units including the International activities performed domestically.
The Accounting Implementation Solutions (AIS) team within FSO supports assessing and establishing policyholder and commission accounting for Life, Annuities and Retirement new product and reinsurance initiatives. The Financial Reporting Associate will be primarily responsible to partner with Business leads to assess new business initiatives to determine new accounting needs to be added to the policy holder administration accounting systems.
What you’ll do:
- Creating Statutory and GAAP accounting examples of new transactions based on accounting guidance.
- Partnering with Operations to execute Table Maintenance System changes to support the accounting in the administration systems.
- Partnering with technology to test accounting transactions and reports programmed in the administration system/sub-ledger (PIPS) to ensure correct STAT and GAAP reporting.
- Updating relevant documentation to support the new business release.
- Processing and monitoring proofs and controls related to the administration systems and reinsurance programs to ensure accounting is correct. In addition, to researching and resolving issues related to these proofs.
- Supporting other FSO teams, Operations and Finance in researching and resolving issues/questions related to policyholder accounting.
- Providing internal and external audit support on policyholder accounting.
- Various ad-hoc requests as needed.
What you’ll need:
- Accounting degree.
- 1-2 years of accounting experience; strong foundational accounting skills being a primary requirement.
- Strong partnering, written and oral communication skills.
- Strong analytical and research skills.
- Ability to meet deadlines, prioritize assignments and manage multiple assignments.
- Technically savvy including a deep understanding of the MS Office Suite of software, more specially Excel, PowerPoint, and Word.
- Self-motivated, ability to work independently and as part of a team.
- Attention to detail and accuracy.
- Overtime required.
It would be a plus if you had:
- STAT and GAAP reporting and Financial Information Systems knowledge.
- Oracle ledger and PIPS sub-ledger knowledge.
What we offer you:Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $59,300.00 to $88,300.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.
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Market competitive base salaries, with a yearly bonus potential at every level.
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Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
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401(k) plan with company match (up to 4%).
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Company-funded pension plan.
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Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
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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.
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Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
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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.
Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.
If you need an accommodation to complete the application process, please email [email protected].
If you are experiencing a technical issue with your application or an assessment, please email [email protected] to request assistance.
Top Skills
What We Do
PGIM, the investment management business of Prudential Financial, Inc.* is a multi-manager that delivers industry-leading strategies and solutions to clients. Each business maintains its own investment process and culture, allowing for a singular focus on delivering investment returns for clients.
The PGIM businesses offer investors a wide range of investment strategies across asset classes and geographies, including public equities, public and private fixed income, commercial mortgages and real estate. Clients of PGIM can rely on superior long-term performance, risk management expertise and innovative products to help them realize a wide range of business objectives.
In addition, PGIM uses its collective knowledge and business expertise to work with public, private and non-profit sector partners to create solutions that address critical social issues that have an enduring impact.
*Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
