12 days old

Senior Investment Regulatory Reporting Associate, PGIM Operations and Systems - DER00021

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

PGIM, the global investment management businesses of Prudential Financial Inc., is one of the worlds leading money managers.
With offices in 16 countries and over $1 trillion in assets under management, clients rely on our risk management expertise, intellectual capital and creative solutions to realize their investment objectives.

Our distinct multi-manager model delivers a broad suite of actively-managed solutions in the areas of public and private fixed income, equities and real estate to serve our clients needs.

We are passionate about delivering investment returns for our clients and dedicated to our greatest asset our people.
Do you want to be part of a multi-manager model that enables each business to maintain its own investment culture? Learn more about who we are and how we can work together, please visit: www.pgim.com

PGIM Operations & Systems provides the operations and technology support that contributes to PGIM being a world-class investment manager.
We supply transaction-level support, generate and report investment results and ensure that our investment results are accurately reflected on our books and records.

The Investment Operations & Systems organization is part of PGIM Ops & Systems and provides recordkeeping, accounting, reporting and technology services for the investment portfolios supporting the Insurance Companies.
Additionally, we support all investment data for the Chief Investment Officer and the Chief Risk officer for Prudential.

The Derivatives Accounting & Reporting team within the Regulatory Reporting Unit is looking for a Senior Investment Operations Associate.
You would be providing accounting, financial reporting, and recordkeeping support for Prudential and its subsidiaries.

The financial reporting is performed on a Statutory and GAAP basis and you will specifically support the Derivatives asset type. 

Your Role on the Derivatives Accounting & Reporting Team would include reconciling, reporting, and analyzing Derivative positions and transactions by utilizing PAM, Investment Accounting sub-ledger system, and the General Ledger (Oracle).

Your role is accountable for the application of accounting rules and practices as appropriate for the various portfolios and asset types. While we expect you to work independently on general assignments, you will also work under the direction of senior staff or manager on complex projects and analysis.

You will be Responsible for:
Preparing monthly, quarterly, and annual Statutory and GAAP based reports utilized in the firms regulatory filings
Completing quarterly and annual Statutory Schedule DB and associated schedules and footnotes
Completing quarterly and annual GAAP Supplemental related to Derivatives under tight time constraints
Providing quarterly GAAP cashflow roll forward details to the business divisions to assist in their completion of the Cashflow Supplemental
Reviewing prior day transactions in the sub ledger system, PAM, for accuracy
Monitoring and reconciling daily collateral movements for derivatives
Responding to annual Surveys from external rating agencies i.e., Moodys, S&P and AM Best
Preparing and reviewing monthly reconciliations for asset and income accounts
Documenting and executing procedures for any new reporting requirements pertaining to Derivatives
Completing various ad-hoc requests and special projects that are received from internal clients and business partners
Supporting internal and external audits 


Does this sound like you?

Do you have a Bachelors Degree in Finance/Accounting/ Business or any other related field.
Do you possess excellent analytical and problem solving skills
Can you demonstrate intermediate or advanced proficiency with Microsoft Excel and Word
Do you have knowledge of GAAP and Statutory investment accounting
Are you knowledgeable with Oracle General Ledger plus
If you are experience with PAM Investment Accounting system, it would be considered a plus
Do you possess strong leadership and organizational skills
Are you self-motivated and dedicated, with good communication and time management skills.
Can you demonstrate the ability to deliver high quality results
Do you have the ability to work with a team as well as independently
Are you available to work overtime 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: 2020-03-26 Expires: 2020-04-25

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Senior Investment Regulatory Reporting Associate, PGIM Operations and Systems - DER00021

Newark, NJ

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