Hybrid Financial Reporting Specialist, Accounting Implementation

at Prudential Financial

• Job title: Financial Reporting Specialist, Accounting Implementation
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: $72,900 - $108,600 per year
• Degree requirement: Bachelor's Degree
• Tech skills: Oracle
• Location requirements: Hybrid, Newark, United States

About the role

• Financial Reporting Specialist in Prudential's AIS team handling reinsurance accounting implementation. Collaborating across teams for effective financial reporting and project execution.

Responsibilities

• Implementation of new accounting related to reinsurance initiatives which includes: Creating Statutory and GAAP accounting examples of new transactions based on accounting guidance
• Partnering with Operations to execute Table Maintenance System changes to support the accounting in the administration systems or reinsurance programs
• Partnering with technology to test accounting transactions and reports programmed in the administration system/sub-ledger (PIPS) to ensure correct STAT and GAAP reporting
• Updating relevant documentation to support the new business release
• Processing and monitoring proofs and controls related to the administration systems and reinsurance programs to ensure accounting is correct
• Researching and resolving issues related to these proofs
• Supporting other FSO teams, Operations and Finance in researching and resolving issues/questions related to policyholder accounting
• Providing internal and external audit support on policyholder accounting
• Various ad-hoc requests as needed
• Overtime required

Requirements

• Accounting degree
• 3-4 years of insurance accounting experience
• Strong partnering, written and oral communication skills
• Strong analytical and research skills
• Ability to meet deadlines, prioritize and manage multiple assignments
• Self-motivated, ability to work independently and as part of a team
• Detail oriented
• Willingness to learn
• Strong PC Skills including Excel, PowerPoint, and Word
• STAT and GAAP reporting and Financial Information Systems knowledge a plus
• Oracle ledger and PIPS sub-ledger knowledge a plus
• Knowledge of reinsurance accounting a plus

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 is subject to the rules governing the program