20 days old

Financial Reporting Associate - TRE00045

Prudential
Newark, NJ
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  • Job Code
    605560
Primary Location United States-New Jersey-Newark (NJ)
Job:Full-time
Travel:No
Description
!*!

ALM Treasury Controllers is responsible for direct oversight of Prudentials derivative, cumulative translation adjustments (CTA) and debt/treasury stock activity, including the reporting, analyzing, and communicating of those results to Senior Management and the Prudential businesses.  The group is also responsible for the analyzing, reporting, and communicating actual and forecasted derivatives results of PFI to senior management, Prudential businesses and external financial filings under US GAAP and Statutory accounting standards.  Specific functional areas cover:


  • Accounting and financial reporting for Prudential Global Funding (PGF) subsidiary
  • All aspects of the reporting and analysis of General Account, Domestic and International derivative ad foreign exchange (FX) activities


Prudential Global Funding (PGF) acts as a derivatives conduit by facilitating derivative and related activity for PICA and other subsidiaries of Prudential.  This subsidiary maintains an investment portfolio consisting of derivatives (including swaps, options, futures, credit default swaps and foreign exchange contracts), repurchase agreements, cash equivalents and bonds.  The successful candidate would have primary responsibility in preparing and reviewing the daily, monthly and quarterly financial reporting requirements of the PGF subsidiary.


Specific responsibilities include:


  • Complete the daily profit & loss (P&L) statements and accounting entries for investment activity, including interaction with derivative Traders
  • Prepare the PGF subsidiary monthly and quarterly book close journal entries and reconcile ledger accounts to appropriate supporting systems reports or data
  • Assist in the preparation of the subsidiarys quarterly stand-alone financial results and analysis presentation for senior management
  • Prepare PGF stand-alone annual reports, including financial statements and footnotes
  • Daily monitoring of derivative trades for proper hedge code assignment
  • Quarterly consolidation and analysis of derivative results by strategy for international subsidiaries
  • Monitoring and analysis of foreign currency rates, including impact to Company-wide cumulative translation adjustment (CTA)
  • Compilation of quarterly presentations of Company-wide foreign currency exposure which are presented to Senior Management
  • Periodic forecasting of Derivative results for PFI
  • Coordinate with functional and business partners in PGF Operations, PGF Documentation Group, PGF Systems, International subsidiaries, Treasurers, and Investment Risk Management, as well as Internal and External Auditors
  • Ensure that the accounting and financial reporting processes and deliverables are controlled and meet Sarbanes-Oxley requirements
  • Support department projects and ad-hoc requests




Qualifications
@!*!


  • Undergraduate degree, preferably in Accounting or Finance
  • Self-motivated and proactive with ability to work independently and as part of a team
  • Good analytical and problem-solving skills
  • Proficient in Microsoft Excel (advanced formulas and functions)
  • Highly organized and attentive to details
  • Effective interpersonal, communication and partnering skills
  • Able to effectively prioritize and manage time in a fast-paced, ever-changing and challenging environment
  • Experience with Oracle general ledger, SUMMIT FT and GAAP Reporting Supplementals a plus
  • Flexibility to work overtime is required




@!*!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: 2020-10-02 Expires: 2020-11-01
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Financial Reporting Associate - TRE00045

Prudential
Newark, NJ

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