16 days old

Billing Associate, QMA - QMA0009Q

Newark, NJ
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Primary Location United States-New Jersey-Newark (NJ)


The QMA Finance department is currently seeking a Billing Associate to perform a variety of tasks including billing, account reconciliations, monthly reporting, as well as ad-hoc requests in support of the business.


QMA LLC is a wholly owned subsidiary of Prudential Global Investment Management, Inc. (PGIM). QMA provides investment advisory and management services with a specialization in quantitative management of assets, including but not limited to discretionary management of portfolios investing in stocks and bonds and asset allocation services to institutional clients, pension plans, registered investment companies and mutual funds pursuant to sub-advisory agreements throughout the United States and worldwide, as well as Prudential and its affiliates. 


The successful candidate will be responsible for the billing of asset management and performance fee activity to our clients, monthly reporting, and reconciliations of daily cash activity and accounts receivable. This position will have the opportunity to interact with business partners across various parties including the QMA business, QMA Clients, and PGIM Finance.

Job Responsibilities:
Prepare and review monthly and quarterly management fee invoices

Interpret investment management agreements and create client profiles within the Revenue Manager System
Follow up with Clients on past due invoices
Prepare various vouchers and schedules for the month-end close process (i.e. management fee vouchers, aged receivables, cash payments, etc.)
Reconciliation of daily cash activity, and accounts receivable
Assist in annual legal entity audit
Identify and implement process improvements
Ad hoc projects as required by Senior Management or key business partners


Entry level position looking for fresh graduate or/ candidates with 1 to 3 years of relevant work experience in Billing, Accounting or Operations
Bachelors degree in Accounting, Finance or related topic is required.
Asset Management experience a plus
Knowledge of REDI2 Revenue Manager, Oracle General Ledger, and/or EAGLE a plus
Experience managing multiple deliverables under tight deadlines preferred
Strong communication and analytical skills; ability to effectively communicate key data to Manager
Strong Excel skills
Customer focus and high degree of responsiveness

Overtime may be required during peak periods.

@!*!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 companys 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. For more information please visit www.prudential.com.

Prudential is not accepting unsolicited resumes from search firms for this open position unless contracted with Staffing. Agencies must work with Staffing as the primary point of contact and follow the Prudential application process to be considered for business. All resumes submitted by search firms to any employee at Prudential via-email Internet or directly to hiring managers in any form without a valid written search agreement in place for that position will be deemed the sole property of Prudential and no fee will be paid in the event the candidate is hired by Prudential.
Note: Any search agreement entered into with Prudential before January 2004 is null and void. Search firms are essential to the recruitment and staffing efforts at Prudential and we value the partnerships we have built with our preferred vendors. Prudential has established and regularly maintains a preferred vendor list and even preferred vendors need to have a written search agreement signed by the Director Recruiting Programs Staffing at Prudential in place for the specific position in order for a fee to be paid for any candidate referrals.
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Posted: 2020-03-19 Expires: 2020-04-18

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Billing Associate, QMA - QMA0009Q

Newark, NJ

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