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Vice President, Broker Dealer Finance
Prudential Securities
Newark, NJ, United States
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Description
Corporate & Other Finance (“C&O”) reports directly to the Controller of the Company and provides strategic decision support to the CFO, Controller and Treasurer by performing the accounting close for the C&O Segment and preparing financial analysis, plans and forecasts that incorporate a variety of activities, including the debt financing of the Company, investment of Corporate assets, Corporate hedging programs, pension, compensation and employee benefit plans, divested businesses including Long Term Care, Broker Dealer financial management and reporting, and other initiatives across the Corporate Centers.
The Broker Dealer (BD) Finance team, a group within Corporate & Other Finance, is seeking a high caliber leader to fill the position of Vice President of Broker Dealer Finance. The Vice President of Broker Dealer Finance will function as the key Finance Officer for all Broker Dealer finance related officers, serve on Broker Dealer senior leadership operating committees and act as the key Prudential contact with regulators and examiners (FINRA/SEC) and our independent and internal auditors. The position will also act as the named Financial Operating Principal (Series 27) and Chief Financial Officer for all three of Prudential’s regulated Broker Dealer legal entities, including Prudential Investment Management Services (“PIMS”), Pruco Securities (“PRUCO”) and Prudential Annuities Distributors (“PAD”). The position reports directly to the Vice President of Finance, Corporate and Other Operations.
The Vice President of Broker Dealer finance is a key leadership position and is responsible management and oversight of Broker Dealer Finance group activities, including:
• General accounting internal control, financial and regulatory reporting, and the preparation and timely filing of accurate FOCUS reports and audited financial statements in accordance with GAAP and SEC reporting rules and regulations (153-1 Net Capital, 15C3-3 Customer Reserve Reporting).
• Serving as the finance rep in key Broker Dealer business oversight and senior leadership forums including the PAD, PRUCO and PIMS operating committees and presenting financial results at Broker Dealer Board of Director meetings.
• Acting as the key point of contact for all three regulated Broker Dealer legal entities with the Company’s FINRA finance coordinator and Price Waterhouse. Manage and oversee the conduct of periodic FINRA and PWC financial audits and examinations.
• Active engagement and partnering with senior Broker Dealer Business, Legal, Compliance and Distribution Management in identifying and resolving Broker Dealer related financial risk, control and compliance related matters.
• Active leadership over Broker Dealer finance associate talent and performance management and leadership and skills development initiatives. Oversee all talent management and succession planning activities. Participate in and support Broker Dealer finance associate participation in Corporate Controller and Finance Community wide talent management initiatives.
Qualifications
Job Requirements: Qualifications
• Undergraduate degree in Accounting or Finance.
• Significant senior leadership experience in an accounting/financial reporting environment (Broker Dealer SEC reporting experience is a plus).
• FINRA Series 27 FINOP designation is required and may be obtained within 3 to 6 months of date of hire.
Other required qualifications include:
• Excellent organizational skills and independence to meet established deadlines with great attention to details and accuracy.
• Strong interpersonal, verbal and written communication skills. Must be able to effectively communicate with senior levels of management.
• Self-motivated and proactive individual who can work overtime during peak monthly and annual business cycles.
• Solid understanding of financial markets, insurance and investment products.
• Strong accounting, research and analytical skills.
• Ability to manage multiple assignments and priorities simultaneously.
• Adaptable to change and transition.
• Ability to drive and implement process improvements and internal control enhancements.