drjobs Manager, Financial Reporting - Statutory Reporting

Manager, Financial Reporting - Statutory Reporting

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1 Vacancy
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Job Location drjobs

Newark - USA

Monthly Salary drjobs

$ 118700 - 176600

Vacancy

1 Vacancy

Job Description

Job Classification:

Finance & Accounting - Finance & Accounting

Are you able to work in a fast-paced and challenging environment while meeting deadlines Our Statutory Reporting unit which is part of the External Reporting Team has an opportunity for a Manager. As part of the Corporate Controllers Department the External Reporting Team supports GAAP financial reporting for PFI and the non-accelerated filers (Prucos) and Statutory financial reporting on behalf of its insurance subsidiaries various regulatory filing submissions and internal and external audit support.


This Manager is responsible for coordination production analysis and review of the Statutory financial statements and regulatory deliverables for Prudentials domestic insurance companies in compliance with state insurance department and National Association of Insurance Commissioners (NAIC) requirements. The team partners with Business Unit Finance and Operational areas Actuarial as well as other Corporate business partners.


The current employee work arrangement for this position is Hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.


What you can expect:

  • Manage the production and preparation of quarterly and annual statutory financial statements which are filed with state insurance departments and the NAIC. This includes compliance with all disclosure requirements and maintaining adequate reporting controls.
  • Oversight and preparation of quarterly Statutory Results packages for senior management in conjunction with Corporate Management Reporting and Business Unit Finance teams.
  • Facilitate the end-to-end Statutory audited financial statement process with external auditors and provide supporting analytics for senior management in advance of presentation of Statutory results to the Audit Committee.
  • Partner with Treasurers and Legal in support of the PICA funding agreement note issuance program (FANIP) including coordination of Statutory financial statements required disclosures and Management Discussion & Analysis.
  • Oversight of the preparation of various disclosures supplemental exhibits and schedules for domestic Captive Insurers which are filed annually with the Arizona Department of Insurance.
  • Provide guidance on matters related to Statements of Statutory Accounting Principles (SSAPs) and NAIC instructions for business partners across the Enterprise.
  • Implement and monitor key controls for the Corporate Stat Reporting process as part of the Companys Managements Report on internal controls per the NAICs Model Audit Rule requirement.
  • Support special projects designed to improve the efficiency of the financial reporting process. Oversee the preparation analysis and submission of ad-hoc requests from senior management and other business partners.


What youll need:

  • Bachelors degree required in Accounting or Finance.
  • 5 years of relevant work experience in accounting and financial reporting.
  • Supervisory experience preferably with a group including the ability to develop staff.
  • Self-motivated and proactive highly organized accountable and detail-oriented.
  • Demonstrated analytical conceptual critical thinking and problem-solving skills.
  • Strong interpersonal skills capable of working collaboratively to accomplish shared objectives.
  • Able to effectively prioritize and manage a complex workload in a dynamic deadline-driven environment.
  • Proven proficiency of Microsoft Applications (Excel Word and PowerPoint) including advanced functions and formulas.
  • Experience with financial reporting applications (e.g. Oracle Suite EFDW Essbase).
  • Ability to work in a fast-paced and challenging environment while meeting deadlines.
  • Flexibility to work overtime as required during peak reporting cycles

Itd be a plus if you had:

  • Statutory accounting and reporting experience.
  • Knowledge of technical Statutory Accounting principles.
  • Experience with Workiva.
  • MBA and/or CPA.

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%).

  • Company-funded 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 part-time employees scheduled to work less than 20 hours per week.


Required Experience:

Manager

Employment Type

Full-Time

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