Financial Reporting Associate

Business Unit Overview

The Treasury Controllers Group in ALM Finance of Prudential Financial Inc. (PFI) has an opening for a Financial Reporting Associate. The group is primarily responsible for the analyzing, reporting, and communicating actual and forecasted derivatives results of PFI to senior management, Prudential businesses and external financial filings under USGAAP and Statutory accounting standards. The group is also responsible for consolidated debt reporting, accounting and reporting of Treasury stock for PFI. The derivative instruments encompass interest rate swaps, cross currency swaps, forwards, futures, options in the context of General Account investments, PFI’s foreign currency hedging as well as structured transactions.

The Financial Reporting Associate would be primarily responsible for the following areas:

Treasury Stock
  • Record treasury stock transactions (share repurchases & stock option exercises)
  • Record other entries impacting treasury stock (i.e., month-end accruals, restricted stock releases, Board of Directors deferred compensation, PSPP program, etc.)
  • Prepare the monthly treasury stock reconciliation

Enterprise Debt Reporting
  • Prepare quarterly debt reporting to be included in the company’s Management, Discussion and Analysis
  • Consolidate and provide market value reporting for debt
  • Compile and analyze consolidated interest expense for the enterprise
  • Prepare derivative accounting and reporting for corporate and other subsidiaries
  • Prepare annual disclosures for debt and affiliated notes receivables for Pru Holdings and PICA
  • Prepare debt supplemental (GAAP package) pages for corporate and other subsidiaries
  • Prepare the company’s quarterly and annual debt footnotes and related XBRLfiling

Derivative Reporting
  • Prepare quarterly STAT investment results deck for Senior Management
  • Prepare derivative footnote for Statutory Blue Books
  • Assist in preparing regulatory filings for derivatives
  • Partner with internal and external auditors, investment operations, STAT consolidation, and the SEC Reporting group

Additional Responsibilities:
  • Design, automate, and maintain various spreadsheets used to compile and analyze data
  • Support new department initiation and other ad hoc projects
  • Overtime required during peak period

  • Bachelor's Degree; Accounting or Finance Major
  • Advanced degree and certifications (e.g. CPA) a plus
  • Strong knowledge of Microsoft office suite (Word, Excel, PowerPoint)
  • Familiarity with Oracle, Clarity/XBRL a plus
  • Strong sense of team work
  • Strong interpersonal, communication and partnering skills

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