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Manager, Financial Reporting
Prudential Securities
Newark, NJ, United States
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Description
The Long-term Care group seeks a skilled and highly motivated individual to become part of our team as a Manager in the Corporate and Other, Long-Term Care Finance area. Based in Newark NJ, this position will report to a Director of Financial Reporting supporting the Long-Term Care. The successful candidate will coordinate and review various aspects of the financial reporting results on a 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 manage a team, develop and utilize their leadership skills, gain further exposure to actuarial and investment concepts, and provides the opportunity to implement process improvements.
Job Responsibilities
• Responsible for preparation of GAAP income statements and related management results package
• Prepare and review 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, Operations, and Planning and Analysis
• Quarterly preparation and analysis of Statutory financial statements
• Understand key business drivers, how they impact the business, and their financial implications
• Assist in the capital planning process, including measuring capital under both GAAP and Statutory frameworks
• Review of quarterly competitor analysis
• Support the business in the implementation of new accounting principles/policies, including the recently released FASB Targeted Improvements pronouncement
• Support quarterly/annual audits by Internal Auditors, as well as, Independent Auditors
• 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, Treasurers, FACT and Planning and Analysis
Qualifications
• Bachelor’s degree with a major in Accounting or Finance, and 6 – 10 years of relevant work experience
• Experience in financial statement preparation and related analysis for management
• Demonstrated knowledge of GAAP and Statutory accounting principles and actuarial concepts
• Strong organizational skills and experience managing multiple deliverables under tight deadlines
• Experience managing and leading a team
• Results oriented and attentive to detail
• Excellent communication and analytical skills
• Proficiency in Microsoft Office (mainly Excel; PowerPoint and Word are a plus).
• Working knowledge of Prudential financial systems is a plus (Oracle GL, SQB, FDW, Obero, Corp Tax).
• Proven track record of collaboration with project teams or with business partners.
Overtime required during peak hours.
Prudential is an Equal Opportunity/Affirmative Action Employer and is committed to diversity in its workforce.