Job Classification:
Finance & Accounting - Finance & Accounting
The Enterprise Valuation Group (EVG) is seeking a results-oriented and self-motivated candidate for an 8P Director role. The Enterprise Valuation Group (EVG) within the ALM Finance department of Corporate Controllers Group performs critical control and validation procedures over the Companys general account investment portfolio and other investment activities affiliated with PFI. Individual is expected to have experience with financial industry capital markets in areas related to application of GAAP accounting requirements on valuation related subjects.
This role will support the Vice President of the group in preparing valuation subject analysis consolidating valuation oversight results for multiple assets classes researching market data and transactions to support private equity and other valuations and compiling/streamlining/presenting quarterly valuation council reports to finance management.
The ideal candidate will have a collaborative mindset offer new perspectives seek to make continual improvements in process and analysis remain flexible when faced with shifting priorities and strive to build a team environment. Experience with accounting and financial reporting practices (GAAP and STAT) is preferred (but not mandatory) particularly in the following areas:
- Fair value measurement and reporting (ASC 820)
- Measurement of Credit Losses on Financial Instrument / CECL Current Expected Credit Loss (ASU 2016-13)
- Various accounting treatments for debt securities equity securities equity methods and consolidation requirements
- Recognition and Measurement of Financial Assets and Financial Liabilities (ASU 2016-01) to address the recognition measurement presentation and disclosure of certain financial instruments.
What youll do:
- Participating in the groups focus range from optimizing liquid core assets valuation routines to maximizing transparency on illiquid non-core assets with obstacles including unobservable inputs operational lags non-GAAP financials etc
- Monitoring emerging valuation topics related to GAAP/Statutory/SEC reporting requirements and serving as a subject matter expert for valuation and valuation oversight.
- Assisting manager to develop and implement asset specific and/or and company-wide policies and guidelines to comply with valuation reporting requirements and best industry practices
- Advising business units in developing valuation procedures to comply with the Valuation Policy and Guidelines
- Performing Quarter-end valuation reviews
- Producing regular management reports on valuation oversight
- Working with the fair value reporting team to improve fair value leveling
- Performing other ad hoc valuation analysis to support financial reporting and management decision making
What youll need:
- Undergraduate or Graduate degree in Accounting Finance Economics or other relevant disciplines. CPA CFA MBA or Master of Financial Engineering is a plus
- 10 years experience in investment related financial analysis and reporting is preferred. Working knowledge of investment IPV (Independent Price Verification) and valuation control procedures are preferred but not mandatory.
- Working knowledge of financial security valuation principles and practices. Exposure to one or more of cashflow discount models yield curve analysis enterprise value models using sales or earnings multiples sum of the parts (SOTP) business valuation methods and valuations of options interest rate swaps foreign exchange swaps and other derivative instruments and Libor Sunset transition to alternative reference rates is preferred.
- Prior experience with Private Capital (debt or equity) investment analysis valuation and reporting is a significant plus.
- Knowledge of ASC 820 fair value leveling measurement and disclosures.
- Ability work with cross-functional teams and deliver technology-driven solutions to investment analysis. Candidates with proficiency in investment analytics and data analysis are highly desired.
- Experience with one or more programming and investment tools such as Python SQL Tableau Power BI Cognos R Matlab Capital IQ Bloomberg Intex are preferred but not mandatory.
- Strong communication and interpersonal skills with an ability to interact effectively with other functions peers and senior managers.
- Reliable and accountable with ability to work under tight time constraints.
- Strong organizational and analytical skills; high level of attention to details.
- Leadership skills and talent management awareness.
- Auditing or consulting experience with a public accounting firm is a plus
- Preferred but necessary experience with ASU 2016-01 Financial Instruments: Recognition and Measurement of Financial Assets and Financial Liabilities ASC 320 (Debt) ASC 321(Equity) accounting treatment ASC 323 (Equity Method and Joint Ventures) ASC 810 (Consolidation) and ASC 805 (Business Combinations).
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 $152500.00 to $206200.00. 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.
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.
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Required Experience:
Director