Financial Reporting Associate
Prudential Financial is one of the world’s leading financial services institutions, seeking a Financial Reporting Associate to join their ALM – Treasury Controllers group. This role involves oversight of derivative activities, financial reporting, and analysis for Prudential’s Global Funding subsidiary, ensuring compliance with accounting standards and delivering accurate financial results.
Responsibilities
- Complete the daily profit & loss (P&L) statements and accounting entries for investment activity, including interaction with derivative Traders
- Prepare the PGF subsidiary monthly and quarterly book close journal entries and reconcile ledger accounts to appropriate supporting systems reports or data
- Assist in the preparation of the subsidiary’s quarterly stand-alone financial results and analysis presentation for senior management
- Prepare PGF stand-alone annual reports, including financial statements and footnotes
- Daily monitoring of derivative trades for proper hedge code assignment
- Quarterly consolidation and analysis of derivative results by strategy for international subsidiaries
- Coordinate with functional and business partners in PGF Operations, PGF Documentation Group, PGF Systems, International subsidiaries, Treasurers, and Investment Risk Management, as well as Internal and External Auditors
- Ensure that the accounting and financial reporting processes and deliverables are controlled and meet Sarbanes-Oxley requirements
- Support department projects and ad-hoc requests
- Assistance in monitoring, analysis, and presentation of Company-wide foreign currency exposure, including impact to Company-wide cumulative translation adjustment (CTA)
- Support periodic forecasting of Derivative results for PFI
Skills
- Undergraduate degree, preferably in Accounting or Finance
- Self-motivated and proactive with ability to work independently and as part of a team
- Good analytical and problem-solving skills
- Proficient in Microsoft Excel (advanced formulas and functions)
- Highly organized and attentive to details
- Effective interpersonal, communication and partnering skills
- Able to effectively prioritize and manage time in a fast-paced, ever-changing and challenging environment
- Flexibility to work overtime is required
- Experience with Oracle general ledger and related reporting supplemental tool and Finastra Summit a plus
Benefits
- 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.
Company Overview
Company H1B Sponsorship