26 days old

Vice President, Accounting Policy - ACC0005X

Prudential
Newark, NJ
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  • Job Code
    581599
Primary Location United States-New Jersey-Newark (NJ)
Job:Full-time
Travel:
Description
!*!

This position will report to the Chief Accountant of Accounting Policy.   The Corporate Accounting Policy function is primarily charged with: 

  • Ensuring Prudentials accounting policies are documented and compliant with US GAAP and STAT reporting requirements.       
  • Proactively partnering with business units to identify and resolve US GAAP/STAT accounting issues arising from new products and significant transactions.
  • Tracking FASB and NAIC projects, proposed and final standards. Coordinating lobbying activities with standard setters (FASB, SEC, NAIC) and writing comment letters as needed.  
  • Coordinating the implementation of new accounting standards.
  • Presenting training curriculum to Finance associates on technical accounting matters and preparing material for such training sessions. 

Candidates for the open position will lead a team responsible for addressing technical accounting and reporting related questions associated with new asset management arrangements, new insurance general account investments, new and complex financing arrangements and strategic acquisitions/divestitures. The candidate will be responsible for producing summaries of technical accounting matters for finance and senior business management.    

 

More specifically, the Vice President will lead a team responsible for the following tasks:  

  • Research, resolve, and document accounting policies and accounting policy issues (GAAP and STAT).  Focus will include accounting for investments in debt and equity securities, equity method accounting, consolidations, business combinations, embedded derivatives, revenue recognition policies for asset management fees and accounting for limited partnership interests.
  • Oversee and coordinate the implementation of new accounting standards
  • Support quarterly financial reporting requirements (SEC, GAAP, STAT)
  • Work with the Accounting Policy Chief Accountant and business management on certain strategic initiatives, including acquisitions and divestitures
  • Liaise with Asset Management businesses in researching and resolving accounting policy issues; review and provide comments on accounting memoranda drafted by the Asset Management business
  • Coordinate the production of the Accounting Policy newsletter
  • Assist with the maintenance of accounting policy related SOX controls


Qualifications
@!*!
  • Undergraduate degree in accounting is required. MBA is a plus

  • CPA or foreign equivalent strongly preferred.  Big Four experience is a plus

  • Minimum of 10 years of relevant experience

  • Strong interpersonal and communication skills (oral and written) including the ability to explain complicated technical accounting and reporting matters to non-subject matter experts
  • Experience with analyzing highly complicated transactions
  • Track record of effective collaboration with senior business and corporate finance leaders
  • Strong working knowledge of GAAP/STAT accounting rules (including Purchase GAAP) and experience in resolving and documenting technical issues related to investments and Asset Management arrangements (consolidation rules, CECL, investment income recognition etc.)

  • Ability to manage a talented team of technical experts

  • Strong analytical, project management and organizational skills

  • Ability to manage multiple projects under tight time constraints

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      @!*!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.
      Job Posting:@false

      Posted: 2020-03-10 Expires: 2020-04-09

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      Vice President, Accounting Policy - ACC0005X

      Prudential
      Newark, NJ

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