Intern supporting budget area in accurate cost analysis for projects. Collaborating in reading plans and supplier quotations for construction projects.
About the role
- 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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