Manager, Insurance Accounting

Company: Prudential
Location: Hartford
Posted on: May 25, 2023

Job Description:

Job Classification:


Finance & Accounting - Finance & Accounting


Prudential Financial, Inc. (PFI) is a multi-national financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services. For more information, please visit www.prudential.com.


As part of the Corporate Controllers Department and the CFO Organization of PFI, the Finance Shared Services (FSS) organization is responsible for the controllership activities in support of the U.S. business units.


The Financial Accounting & Analysis (FSS A&A) team supports monthly, quarterly, and annual GAAP and Statutory close processes, including journal processing, reconciliations, analysis of balance sheet and income statement drivers and Reinsurance. The team partners closely with the COE areas as well as Actuarial/Reinsurance and other corporate areas.

This individual will have oversight responsibilities mainly associated with the execution of the various Reinsurance treaties. At this level the individual will typically have some understanding of the firm's different businesses and related economics as well as some industry experience and/or subject area expertise in one or more specific skill sets, business areas, or products.


The responsibilities of this position will include:


--- Ensure timely and accurate completion of general ledger close responsibilities, which can include review and approval of journal entries and reconciliations of staff and offshore partners

--- Partner with other areas to facilitate reinsurance settlements

--- Collaborate and participate in the determination/execution of new reinsurance treaties

--- Prepare specific balance sheet and income statement driver analyses and reconciliations (i.e. Actuarial drivers, GAAP trending and variances, etc.) with focus on the reinsurance accounting/relationships

--- Seek out and/or develop efficiencies and improve effectiveness by instituting best practices in processes

--- Support quarterly/annual audits by Internal Audit, as well as, independent external auditors

--- Coach and develop team members as applicable

--- Ensure adequacy of internal controls over financial reporting and compliance with Sarbanes-Oxley and Model Audit Rule requirements


Qualifications:


--- Bachelor's or Graduate degree in Accounting or Finance (CPA or MBA a plus)

--- 5 + years of financial reporting and analysis experience

--- Knowledge of GAAP and Statutory accounting principles

--- Insurance and/or Reinsurance experience

--- Ability to manage multiple responsibilities under challenging time frames

--- Strong organizational, analytical and problem solving skills

--- Strong collaborative and partnering skills

--- Highly motivated, proactive, detail oriented

--- Strong Microsoft Excel skills

--- Experience with Prudential Financial systems a plus (Oracle, Oracle BI, Essbase/Smartview, & other financial statement applications)

--- Excellent oral and written communication skills

--- Ability to work overtime during peak periods


#LI-HYBRID


#LI-REMOTE


Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $111,400.00 to $165,800.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.


Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.


Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.


We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.


Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.


The Prudential Insurance Company of America, Newark, NJ and its affiliates.


Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.


PEOPLE WITH DISABILITIES:

If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com .


Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.

Keywords: Prudential, Hartford , Manager, Insurance Accounting, Executive , Hartford, Connecticut