Manager, Treasury
Manager, Treasury
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Job Description
Job Classification:
Finance & Accounting Finance & AccountingPrudential Financial Inc.s (PFI) Open Architecture Solutions (OAS) team is seeking a skilled and highly motivated individual to fulfill the role of Manager 9P/Finance Treasury which will be based in the U.S. and reporting to the OAS Director Treasury. This position will be responsible for all treasury activities concerning one of PFIs two Bermudabased affiliates Gibraltar Reinsurance Company Ltd. (Gibraltar Re) and Lotus Reinsurance Company Ltd. (Lotus Re).
Gibraltar Re was licensed as a Class E reinsurer by the Bermuda Monetary Authority in Oct. 2018. The company is primarily focused on reinsurance with affiliate PFI operations domiciled in Japan and has periodically reviewed limited external transactions. Lotus Re was licensed as a Class E reinsurer in September 2021 and expanded PFIs presence in Bermuda with the primary purpose of assuming risk from PFIs US businesses.
PFI uses reinsurance to enable us to keep our longterm promises to policyholders while appropriately managing balance sheet risk and resources. Both companies support OASs objectives of producing more economic outcomes for certain products and liabilities while remaining anchored in our guiding principles of maintaining focus on all of our stakeholders (PFI shareholders ratings agencies and regulators) and improving outcomes for existing and new policyholders.
The Manager will be responsible for assisting in all aspects of capital management this includes forecasting monitoring and reporting of total asset requirement and required capital. They will also be assisting with the monitoring and solutioning for the entitys ratio sensitivities and sources of volatility. In addition the manager will collaborate with crossfunctional multidisciplinary transaction support teams to assist OAS in its strategic growthoriented objectives.
The position will provide the individual with the opportunity to gain a broad set of experiences across a range of Finance disciplines and collaborate across Finance and nonFinance teams in Bermuda Japan and the U.S. including Actuarial Global Portfolio Management Treasury and Risk Management among others.
This position is Hybrid and requires your onsite presence at least threedays per week in Newark NJ.
What you can expect:
Lead the capital and liquidity stress testing frameworks for the Bermuda entity;
Assist in the development of quarterly reporting and forecasts including required capital analysis and overall summary presentations to executive management (including capital rightsizing);
Lead the annual update of the capital volatility cushion (CVC)
Involved in the analysis implementation and maintenance of various capital management initiatives such as implementing capital and liquidity monitoring setting up contingency sources of capital and other supporting BMA requirements;
Support various ad hoc strategic projects and presentations as well as analysis of M&A activities as the need arises;
Effectively partnering with stakeholders across various functional disciplines businesses and geographic locations and becoming an integral member of the OAS and broader Bermuda captives Finance team.
What youll need:
Bachelors degree preferably with a major in Accounting or Finance
5 years of similar experience in financial analysis or reporting along with demonstrated career progression
Ability to work independently and drive processes forward with little instruction
High degree of selfmotivation passion to succeed ownership attention to detail and innovation
Strong presentation and communication skills
Problem solver; ability to work through issues independently and as part of a team
Possession of an agile mindset the ability to manage through ambiguity and deliver thoughtful solutions in a complex and dynamic environment
Proven ability to manage multiple deliverables and meet deadlines under challenging time frames
Flexibility to work overtime as required during peak reporting periods.
Itd be a plus if you have:
CPA/CFA designation or equivalent
Strong understanding of the insurance business including how earnings are sourced and how risks are managed
Understanding of the Bermuda regulatory and solvency regime
Familiarity with reinsurance transactions and / or accounting
Commercial and industry awareness including an appreciation for reinsurance transactions.
What we offer you:
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 $118700.00 to $176600.00. Specific pricing for the role may vary within the above range based on many factors including geographic location candidate experience and skills.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%).
Companyfunded pension plan.
Wellness Programs including up to $1600 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 whereby an award if any depends on various factors including without limitation individual and organizational performance. To find out more about our Total Rewards package visit Work Life Balance Prudential Careers. Some of the above benefits may not apply to parttime employees scheduled to work less than 20 hours per week.
Prudential Financial Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
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.
If you need an accommodation to complete the application process please email .
If you are experiencing a technical issue with your application or an assessment please email to request assistance.
Required Experience:
Manager
Employment Type
Full-Time
