Job Classification:
Investment Management - Investment Operations
PGIM, the global investment management businesses of Prudential Financial Inc., is one of the worlds leading money managers. With offices in 16 countries and over $1 trillion in assets under management, clients rely on our risk management expertise, intellectual capital and creative solutions to realize their investment objectives. Our distinct multi-manager model delivers a broad suite of actively-managed solutions in the areas of public and private fixed income, equities and real estate to serve our clients needs. We are passionate about delivering investment returns for our clients and dedicated to our greatest asset our people. Do you want to be part of a multi-manager model that enables each business to maintain its own investment culture? Learn more about who we are and how we can work together, please visit: www.pgim.com
PGIM Operations and Innovation:
PGIM O&I provides the operations and technology support that contributes to PGIM being a world-class investment manager. We supply transaction-level support, generate and report investment results and ensure that our investment results are accurately reflected on our books and records.
The Investments Operations organization is part of PGIM O&I 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 Regulatory Reporting Team in the Investment Ops Organization is looking for an Associate Manager to support the Statutory reporting of the Securities team. The group is responsible for providing accounting, financial reporting, and recordkeeping support for Prudential and its subsidiaries. The financial reporting is performed on a Statutory basis. You will specifically be responsible for managing and completing the reconciliation and reporting, of Bond & Equity security positions and transactions by utilizing the PAM Investment sub-ledger system, and the General Ledger (Oracle). You will also be accountable for supporting the implementation of changes in accounting rules and practices as appropriate for the various portfolios.
Responsibilities Include:
Supervising a staff of 3 who functions include preparing monthly, quarterly, and annual Statutory reports, such as:
1. Monthly NAIC rating process
2. Monthly subledger to ledger proofs
3. Monthly Market value reconciliation
4. Monthly AVR/IMR and RBC submissions to an internal business partner
5. Quarterly Schedule D, DA and D1B, General interrogatories and Notes to financial submissions.
6. Annual Rating agency surveys (Fitch, S&P, etc.) and footnote disclosures
In addition, as the associate manager you will also be responsible for:
1. Supporting the manager in ensure new enterprise and business unit projects are successfully integrated into the workflows of the group
2. Completing various ad-hoc requests from our internal clients and senior management
3. Support the collection and submission of the information for both internal and external audits.
Qualifications:
Bachelor's degree in accounting or finance
Experience supervising a team that includes managers of people and staff team members
Basic Statutory accounting and reporting knowledge for Bond and stocks for both General account and Separate account entities.
Assist in providing supporting documentation for internal and external audits
Overtime is required during peak reporting periods
Does this sound like you? Our successful candidate has:
Strong supervisory and leadership skills
Bachelors Degree in Accounting or Finance
Ability to manage multiple priorities
Strong quantitative and analytical skills
Proficiency in the MS Office Suite: Word, Excel, PowerPoint, etc..
Knowledge of Oracle General Ledger is a plus
Knowledge of investment accounting and of various investments instruments
High level of self-motivation and dedication
Strong attention to details
Excellent written, verbal and interpersonal skills
Client focused and results oriented work ethic
Ability to work independently and as a member of the team
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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.
