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Accounting/Finance/Treasury/Tax - Newark (NJ), NJ Financial Reporting Specialist

About the position

The Long-term Care group seeks a skilled and highly motivated individual to become part of our team as a Reporting Specialist in the Long-Term Care Finance area. Based in Newark NJ, this position will report to a Manager of Financial Reporting supporting the Long-Term Care business. The successful candidate will coordinate various aspects of the financial reporting of results on a monthly, quarterly and annual basis. The financial reports are prepared based on both GAAP and Statutory guidelines. This area involves partnering with Actuarial, Planning and Analysis, Corporate Controllers and ALM Finance, as well as providing support to external and internal auditors for quarterly reviews and year-end audits. The position offers the candidate an excellent opportunity to develop and utilize their analytical skills, learn insurance accounting and actuarial concepts, and provides the opportunity to implement process improvements.

Job Responsibilities

  • Responsible for preparation of GAAP income statements and related management results package

  • Prepare the quarterly GAAP financial results for Senior Management and assist in developing insightful analytics to clearly convey the financial performance of the business as part of the Quarterly Results Review Package and Earnings Prep Package

  • Reporting and analyzing trends and variances within the various lines of the balance sheet and income statements collaborating with Actuarial, ALM Finance, Operations, and Planning and Analysis

  • Quarterly preparation and analysis of Statutory financial statements

  • Support quarterly/annual audits by Internal Auditors, as well as, Independent Auditors

  • Understand key business drivers, how they impact the business, and their financial implications

  • Prepare quarterly competitor analysis

  • Support the business in the implementation of new accounting principles/policies, including FASB’s new Long-Duration Targeted Improvements standards.

  • Partner in the development of ad hoc presentations for Financial Management and the business group

  • Prepare necessary documentation to support the Sarbanes-Oxley and Model Audit Rule processes

  • Serve as a liaison between Finance and corporate partners, including ALM Finance, Actuarial, Planning and Analysis, and FACT

  • Opportunities to assist in developing financial forecasts on both a GAAP and Statutory basis


Qualifications

  • Bachelor’s degree with a major in Accounting or Finance, with 2-3 years of relevant work experience

  • 2+ years financial statement preparation and analysis preferred

  • CPA or pursuing CPA preferred

  • Experience managing multiple deliverables under tight deadlines

  • Ability to work independently as well as with others

  • High level of self-motivation

  • Excellent communication and analytical skills

  • Strong Excel and PowerPoint skills a plus

  • Experience providing finance support for a business a plus

Overtime required during peak hours.


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 company's 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.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.