Financial Reporting Associate

Prudential Financial; Newark (NJ); Hybrid; USD 57,000 - 94,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

PTO and parental leave

401(k) with company match

Pension plan

Wellness program

Education benefits

Employee stock purchase plan

Job summary

Prudential Financial in Newark, NJ is seeking an Accounting Implementation-Financial Reporting Associate to help design and implement new business accounting, ensuring GAAP and statutory reporting remains top-tier. The role partners with Finance, Actuarial, and IT to deliver accurate, timely financial data.

This hybrid on-site position requires occasional in-person days in Newark and offers a competitive salary, annual bonus potential, broad benefits, and a path to grow within the Corporate

Qualifications

• Accounting degree required.
• 1–2 years accounting experience.
• Strong partnering and communication skills.
• Strong analytical and research skills.
• Ability to meet deadlines and manage multiple tasks.
• Self-motivated, team player.
• Detail oriented; eager to learn.
• STAT and GAAP reporting knowledge a plus.
• Proficient in Excel, PowerPoint and Word.
• Oracle ledger and PIPS knowledge a plus.
• Overtime required.

Responsibilities

• Implementation of new accounting for new business initiatives including creating Statutory and GAAP examples.
• Partner with Operations to perform Table Maintenance System changes.
• Collaborate with technology to test accounting transactions and reports in the administration system/sub-ledger (PIPS).
• Update documentation for new business releases.
• Process proofs and controls; research and resolve issues.
• Support other FSO teams and business partners in policyholder accounting.
• Provide internal and external audit support on policyholder accounting.
• Handle ad-hoc requests.

Skills

Communication skills

Analytical skills

Attention to detail

Teamwork

Self-motivated

Time management

Education

Accounting degree

Tools

Excel

PowerPoint

Word

Oracle ledger

PIPS

Job description

Job Classification

Finance & Accounting - Finance & Accounting

Are you a detail-oriented, self-driven individual with accounting experience who loves tackling complex challenges and collaborating across teams? Do you want your work to drive real business outcomes and shape Prudential’s future? As part of our Accounting Implementation Solutions (AIS) team, you’ll play an important role in setting up the automated accounting for new business and making an impact on our business and customers. We’re seeking an Accounting Implementation-Financial Reporting Associate ready to innovate and grow with us.

As part of the Corporate Controllers Department and the CFO Organization of PFI, the Finance 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 policyholders, commission, and reinsurance accounting for Life, Annuities and Retirement new business initiatives.

The Accounting Implementation - Financial Reporting Associate will partner with project leads to support the assessment, design, and implementation accounting for new business initiatives, ensuring Prudential’s financial reporting remains best-in-class.

The successful candidate will also work closely, develop relationships, and become a trusted business advisor within the different FSO groups and to our business partners in Finance, Actuarial, Corporate Controllers, Operations, Separate Accounts Operations, Product Strategy, and Third-Party Administrators.

The current employee work arrangement for this position is Hybrid in Newark and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relating the specific number of days you are expected to be on-site.

Key Responsibilities

• Implementation of new accounting related to new business 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.
  • 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 to ensure accounting is correct. In addition, 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.

Qualifications

• 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 and manage multiple assignments
• Self-motivated, ability to work independently and as part of a team
• Detail oriented
• Willingness to learn
• 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
• Overtime required

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 $57,200.00 to $94,400.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

• Market competitive base salaries, with a yearly bonus potential at every level.
• 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).

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 [e-mail].

If you are experiencing a technical issue with your application or an assessment, please email [e-mail] to request assistance.