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Prudential plc · 3 weeks ago

Associate Manager, Financial Reporting - Accounting Implementation

Newark, NJ

Full-time

Hybrid

Mid, Senior Level

$92K/yr - $137K/yr

5+ years exp

Prudential is seeking an Associate Manager for Financial Reporting within their Accounting Implementation Solutions team. This role involves setting up automated accounting for reinsurance, partnering with various departments to ensure best-in-class financial reporting.

Asset ManagementConsultingFinancial ServicesHealth CareInsurance

Responsibilities

Implementation of new accounting related to reinsurance initiatives which includes:

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 or reinsurance programs

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

Qualification

Insurance accounting experienceSTATGAAP reportingFinancial Information SystemsOracle ledger knowledgePIPS sub-ledger knowledgeAnalytical skillsWillingness to learnPC SkillsWritten communication skillsOral communication skillsDetail orientedSelf-motivated

Required

Accounting degree

5-6 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

Preferred

STAT and GAAP reporting and Financial Information Systems knowledge a plus

Strong PC Skills including Excel, PowerPoint, and Word

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.