Director of Financial Reporting at Prudential leading accounting policy for Individual Life Insurance. Overseeing governance, SEC reporting, and managing relationships with corporate centers.
Responsibilities
Leading the Accounting Policy function within ILI Controllers including the documentation of transactions such as capital management projects, actuarial and investment initiatives, new products, and new accounting guidelines
Leading the implementation and ongoing governance of new product offerings
Provide oversight and review of both the GAAP and Stat financial statements for the CBD
Provide analysis supporting SEC reporting (10K/10Q/MD&A) for the CBD
Analyze quarterly key business earnings drivers, including underwriting results, investment results, expense drivers, and taxes
Manage relationships with corporate centers and other internal parties including Corporate Controllers, Financial Services Organization (FSO), Closed Block Executive Office, Risk Management, Legal, Tax, internal and external auditors, Treasurers, Asset & Liability Management, and Actuarial
Support annual Closed Block requirements such as annual appraisal for the dividend setting process and agreed upon procedures for the State of NJ
Provide related support for Regulatory Reporting as it arises
Human resource management including staff recruiting and development, training and succession planning
Role will have three team members directly supporting accounting policy and CBD reporting
Requirements
Strong leadership and communication skills
Ability to collaborate with others to drive strategy and execution
Strong GAAP and Statutory reporting experience in the insurance industry including a thorough knowledge of insurance industry GAAP and Statutory accounting policies and concepts
Strong understanding of insurance-related actuarial concepts and reinsurance
Robust understanding of investments, including derivatives and financing arrangements
Degree in Accounting or related field
It’d be a plus if you had: CPA designation with public accounting experience
Benefits
Medical, dental, vision, life insurance, disability insurance
Paid Time Off (PTO)
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
Eligibility to participate in a discretionary annual incentive program
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