Job Classification:
Investment Management - Investment Operations
At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions!
The Pension Risk Transfer (PRT) market is a growing and vibrant part of Prudential Retirement’s Retirement Strategies team. The PRT Reimbursement Team is in search of the right candidate to bring their knowledge and experience to the role of Senior Reimbursement & Reconciliation Specialist.
The PRT Reimbursement Team is responsible for administering all aspects of PRT contracts that include a reimbursement arrangement, whereby the contract holder or a paying agent for the contract holder makes payments directly to payees on Prudential’s behalf. Each month, Prudential reimburses the client or paying agent for the total amount of the benefits paid.
The current employee work arrangement for this position is hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.
What you can expect:
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Preparing monthly bank wires or checks to clients under a reimbursement arrangement.
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Creating a monthly invoice for insurers who are parties under a co-insured contract.
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Finding ways to create an efficient, accurate, and seamless experience for the Reimbursement team and the client.
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Participating in projects as needed
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Ensuring completion of monthly, often complex, reconciliations of annuitant benefit information to that of clients or third-party administrators (TPA)
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Identifying trends in client issues and working closely with the Relationship Manager and business partners to find ways to solve them.
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Communicating with our clients in a professional manner, both verbal and written
What you’ll need:
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Bachelor’s degree.
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Above average Excel skills.
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Excellent written, verbal communication and interpersonal skills.
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Ability to work as a team member as well as independently.
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Ability to work in a fast-paced environment.
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Experience in building strong relationships.
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Detail-oriented, with impeccable organization, time management, and problem-solving skills.
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Ability to work in a hybrid/remote environment and have reliable internet service.
It’d be a plus if you had:
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Minimum of 3 years of Pension Risk Transfer experience preferred.
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Recommended three or more years of experience in an accounting or similar role.
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Experience working with reimbursement and multi-insured contracts a plus.
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Experience with macros and VBA coding a plus.
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Enjoyment for the challenge of working in an ever-changing environment.
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Ability to be a positive change agent, approaching each task with a ‘can do’ attitude with a goal of motivating and inspiring those around them.
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Willingness to learn new things.
Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
At Prudential, you can:
Take charge of your career. We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services such as on demand resources and networking to propel your career forward.
We’re a global organization, full of outstandingly dedicated people who aren’t afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.
#LI-RRJ
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 $65,900.00 to $98,000.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.
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Market competitive base salaries, with a yearly bonus potential at every level.
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Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
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401(k) plan with company match (up to 4%).
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Company-funded pension plan.
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Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
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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.
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Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
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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.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.
If you need an accommodation to complete the application process, please email [email protected].
If you are experiencing a technical issue with your application or an assessment, please email [email protected] to request assistance.
Top Skills
What We Do
PGIM, the investment management business of Prudential Financial, Inc.* is a multi-manager that delivers industry-leading strategies and solutions to clients. Each business maintains its own investment process and culture, allowing for a singular focus on delivering investment returns for clients.
The PGIM businesses offer investors a wide range of investment strategies across asset classes and geographies, including public equities, public and private fixed income, commercial mortgages and real estate. Clients of PGIM can rely on superior long-term performance, risk management expertise and innovative products to help them realize a wide range of business objectives.
In addition, PGIM uses its collective knowledge and business expertise to work with public, private and non-profit sector partners to create solutions that address critical social issues that have an enduring impact.
*Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
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