Job Classification:

Finance & Accounting - Finance & Accounting

Are you self-motivated and detailed oriented? Are you able to work independently and as part of a team? The Accounting Implementation Solutions (AIS) team is searching for an Accounting Implementation-Financial Reporting Director to join their team.

As part of the Corporate Controllers Department and the CFO Organization of PFI, the Finance Services Organization (FSO) organization is responsible for the controllership activities in support of the U.S. business units including the International activities performed domestically. The Accounting Implementation Solutions (AIS) team within FSO supports assessing and establishing policyholder, commission, and reinsurance accounting for Life, Annuities and Retirement new business initiatives. The Accounting Implementation-Financial Reporting Director will be primarily responsible for partnering with product implementation and the Business. The Director will also work closely, develop relationships, and become a trusted business advisor within the different FSS groups and to our business partners in Finance, Actuarial, Corporate Controllers, Operations, Separate Accounts Operations, Product Strategy, and Third Party Administrators.

The current employee work arrangement for this position is Hybrid, Newark 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:

• Review product specifications and accounting policy guidance memorandums in conjunction with existing policyholder accounting to determine any new accounting or accounting elements required to support the initiative.

• Create and document a summary of the accounting impacts of the initiative in a summary assessment document (Accounting Impact Form).

• Create Statutory and GAAP accounting examples of new transactions based on accounting guidance.

• Partner with Operations to execute Table Maintenance System changes to support the accounting in the administration systems.

• Partner with Technology to test accounting transactions and reports programmed in the administration system/sub-ledger (PIPS) to ensure correct STAT and GAAP reporting.

• Update relevant documentation to support the new product implementation.

• Support other FSO teams, Operations and Finance in researching and resolving issues/questions related to policyholder accounting.

• Provide internal and external audit support on policyholder accounting generated from the administration systems.

• Lead and manage other associates’ projects and work.

• Various ad-hoc requests as needed.

What you’ll need:

• Accounting degree

• Eight or more years of insurance accounting experience

• Strong partnering, written and oral communication skills

• Strong analytical, critical thinking and research skills

• Ability to meet deadlines, prioritize assignments and manage multiple assignments

• Strong PC skills including Excel, PowerPoint, and Word

• Oracle ledger and PIPS sub-ledger knowledge a plus

• Willingness to learn

• Overtime required

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 $152,500.00 to $206,200.00. 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 $1,600 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 c