drjobs Analyst, Investment Operations - Mortgage Loans | PGIM Global Services ( Hybrid - Tampa,FL Or Newark,NJ)

Analyst, Investment Operations - Mortgage Loans | PGIM Global Services ( Hybrid - Tampa,FL Or Newark,NJ)

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Job Location drjobs

Newark - USA

Monthly Salary drjobs

$ 60000 - 70000

Vacancy

1 Vacancy

Job Description

Job Classification:

Investment Management - Investment Operations

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE
As the Global Asset Management business of Prudential were always looking for ways to improve financial services. Were passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world.
We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM youll unlock a motivating and impactful career all while growing your skills and advancing your profession at one of the worlds leading global asset managers!
If youre not afraid to think
differently and challenge the status quo come and be a part of a dedicated team thats investing in your future by shaping tomorrow today.

At PGIM You Can!

What You will do

The Investment Operations & Innovation organization is part of PGIM Global Services and provides recordkeeping accounting reporting and technology services for the investment portfolios supporting the Insurance Companies. Additionally we support all investment data for the Chief Investment Officer and the Chief Risk officer for Prudential.

The Mortgage Loans Reporting team within the Investment Reporting Unit in PGS is looking for an Accounting Analyst. We are responsible for providing accounting financial reporting and recordkeeping support for Prudential and its subsidiaries. The financial reporting is performed on a Statutory and GAAP basis. You will specifically support the following asset type: Mortgage Loans. Support functions consist of reconciling reporting and analyzing mortgage loan positions and transactions by utilizing the Strategy/Loan Connect sub-ledger system and the General Ledger (Oracle).

The Investment Operations Analyst is accountable for the application of accounting rules and practices as appropriate for the various portfolios and asset types. While we expect this individual to work independently on general assignments he/she will work under the direction of senior staff or manager on complex projects and analysis.

This position is based in one of our offices in Tampa Florida or Newark NJ and will follow a hybrid schedule (3 days in office). Our organization follows a hybrid work structure where employees can work remotely and/ from the office as needed based on demands of specific tasks or personal work preferences. Working from the office is encouraged when working on tasks that require a high degree of collaboration.

What you can expect

  • Preparing monthly quarterly and annual Statutory and GAAP based reports that are used in the firms regulatory filings

  • Completing quarterly and annual Schedule B and associated schedules and footnote

  • Preparing annual Surveys from external rating agencies i.e. Moodys S&P and AM Best

  • Preparing and reviewing monthly reconciliations for asset and income accounts

  • Documenting and executing procedures for any new reporting requirements pertaining to Mortgage Loans

  • Completing various ad-hoc requests that are received from internal clients and business partners

  • Support enterprise initiatives and special projects as needed

  • Support internal and external audits

  • Overtime required during peak periods

What you will bring

  • Bachelors degree in finance/accounting/ business or equivalent work experience

  • 0-2 years of investment accounting experience

  • Excellent analytical and problem-solving skills

  • Strong computer/technical skills primarily with Microsoft Excel

  • Knowledge of GAAP and Statutory investment accounting

  • Knowledge of Oracle General Ledger would be considered a plus

  • Strong leadership and organizational skill

  • Self-motivated and proactive with good communication and time management skills

  • Demonstrates ability to deliver high quality results

What will set you apart

  • Familiarity with Prudential systems a plus (Oracle ledger Investran MRI)

  • Knowledge of Oracle General Ledger

  • Prior background / internship experience in investment management or financial services Industry is strongly preferred.

*PGIM welcomes all applicants even if you dont meet every requirement. If your skills align with the role we encourage you to apply.

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 $60000 to $70000. Specific pricing for the role may vary within the above range based on many factors including geographic location candidate experience and skills.

About PGIM Global Services (PGS)

PGIM Operations and Innovation drives digital transformation modern data analytics and operational excellence across PGIM in partnership with our business and corporate functions. We are aligned into seven verticals to drive innovative solutions and deliver operational services that contribute to PGIM being a world-class investment manager. Our workstreams operate in a collaborative agile manner and foster a strong community focused on most relevant emerging technologies and best-in-class solutions.

What we offer you:

  • 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:

Exec

Employment Type

Full-Time

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