Associate Manager, Financial Reporting

Prudential Financial, Inc.

 

 Associate Manager, Statutory Finance Unit (Corporate)

 

This Associate Manager position is in the Statutory Finance Unit as part of the Corporate Controllers Department within Financial Management.

 

At the corporate level, the Associate Manager is responsible for assisting in the coordination and directing of the production of the Regulatory (Statutory) financial statements for the certain domestic insurance subsidiaries of the Company.  These responsibilities include:

 

• Assist with the coordination of the production and preparation of the various quarterly and annual statutory financial statements, which are filed with each state insurance department and the National Association of Insurance Commissioners (NAIC).  In addition work with auditors (PwC) closely in the preparation of the annual audited financial statement process;
• Responsible for assisting with coordinating the writing and preparation of variance analysis on statutory statement results, which is used to compile the Statutory MD&A (Management’s Discussion & Analysis) and other internal/external analysis, as well as presentations on statutory results for senior officers and subsidiary board meetings;
• Implement and monitor/test key controls for the Corporate Stat Reporting process, as part of the Company’s Management’s Report on internal controls per the NAIC’s Model Audit Rule requirement;
• Assist with the preparation of Company responses to letters from various State and other regulators asking about certain variances, etc. within the Statutory Financial Statements (usually quarterly for each Co.;
• Assist with the coordination of the ongoing maintenance of the statutory statement Oracle reports that support most statutory statement pages, exhibits, and schedules.  Work with EFIS to create and improve statutory reports as appropriate;
• Developing close work contacts with peers in each of the applicable profit center accounting and actuarial areas, the system area (EFIS), the Tax Department, Investment Reporting (ALM), Operations, Corp. Accounting Policy, Treasurers, and the Corporate Actuarial Unit.

This Associate Manager position works closely with the other Associate Managers, Managers, and Directors in the Unit on various ongoing issues and reports to one of the Directors in the Unit.  The responsibilities of the other Associate Managers and Managers in the Unit include similar statutory accounting and reporting responsibilities for other specific insurance companies, forecasting, risk-based capital (RBC) calculation, NAIC and State Insurance Department communication and liaison, state insurance department financial compliance, state financial examination coordination, and assisting with Management’s Report of Internal Controls for Statutory Reporting (as per the NAIC’s Model Audit Rule).

 

This Associate Manager has a staff of approximately of two people.

Job Qualifications:

 

• Four-year college degree required in either accounting or finance;
• MBA and/or CPA  a plus;
• Five to ten plus years experience in accounting and financial reporting in a large financial services company, preferably in an insurance company;
• Statutory accounting and reporting experience very helpful;
• Supervisory experience extremely helpful;
• Strong interpersonal skills;
• Excellent written and verbal communication skills, including experience in writing analysis on financial results (income statement);
• Strong working knowledge of Microsoft Word, Excel, and Power Point required;
• Extensive knowledge of Oracle general ledger system or other major ledger system required;
• Overtime is required during peak periods throughout the year (on the quarters), especially during the year-end close process (January and February).

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, sex, disability status, protected veteran status, or any other characteristic protected by law.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

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