Manager, Financial Reporting - Accounting Implementation

Job Classification:

Finance & Accounting - Finance & Accounting

Are you a detail-oriented, self-driven accounting expert who loves tackling complex challenges and collaborating across teams? Do you want your work to drive real business outcomes and directly shape Prudential’s future? As part of our Accounting Implementation Solutions (AIS) team, you’ll play a key role in launching innovative products and making a visible impact on our business and customers. We’re seeking an Accounting Implementation  Financial Reporting Manager ready to lead, 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 Manager will partner with business and product leaders to design and implement accounting for new business initiatives, ensuring Prudential’s financial reporting remains best-in-class.

The Manager 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, Newark and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relating to the specific number of days you are expected to be on-site.

What you can expect:

As the Accounting Implementation Financial Reporting Manager, you’ll lead the assessment, design, implementation and testing of policyholder accounting for Annuities and compensation new business initiatives. You’ll ensure accurate STAT and GAAP reporting outcomes are achieved. In addition, oversee the monthly close compensating key controls while consistently delivering high quality results within fast-paced close cycles.  Every project you take on will move the business forward and accelerate your professional growth.

Key Responsibilities: 

• Review product specifications in conjunction with accounting policy guidance memorandums and existing policyholder accounting to determine any new accounting or accounting elements required to support the initiative.
• Develop Statutory and GAAP accounting examples of new transactions based on accounting guidance.
• Create and document a summary of all the accounting impacts of the initiative in a summary assessment document (Accounting Impact Form).
• Partner with Operations to execute Table Maintenance System changes to support any new policyholder accounting for the business initiative.
• Collaborate with Technology to test accounting transactions and reports programmed in the administration system/sub-ledger (PIPS) to ensure correct STAT and GAAP reporting.
• Update relevant documentation to support the new product implementation.
• Providing internal and external audit support on policyholder accounting.
• Support other FSO teams, Operations and Finance in researching and resolving issues/questions related to policyholder accounting.
• Provide internal and external audit support on policyholder accounting generated from the administration systems.
• Direct and manage projects and work of others.
• Various ad-hoc requests as needed.

What you’ll need:

• Accounting degree; 6+ years of insurance accounting experience.
• Strong written and oral communication  and relationship building skills.
• Analytical mindset with critical thinking and research skills.
• Initiative-taking, ability to work independently and as part of a team.
• Proven ability to meet deadlines, prioritize assignments and manage multiple assignments.
• Proficiency in Excel, PowerPoint, Word; Oracle ledger/ PIPS sub-ledger experience a plus.
• High attention to detail and willingness to learn.
• Flexibility to work overtime.

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 $118,700.00 to $176,600.00. 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), after one year of service. 

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.