Job Classification:

Finance & Accounting - Finance & Accounting

At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions!

Are you able to work in a fast-paced and challenging environment while meeting deadlines?

Our Statutory Reporting unit, which is part of the External Reporting Team, has an opportunity for a Financial Reporting Specialist to join. As part of the Corporate Controllers Department, the External Reporting Team supports GAAP financial reporting for PFI and the non-accelerated filers (Pruco’s) and Statutory financial reporting on behalf of its insurance subsidiaries, various regulatory filing submissions, and internal and external audit support.

This Financial Reporting Specialist is responsible for coordination and production of the Statutory financial statements, and regulatory deliverables, for Prudential’s domestic insurance companies, in compliance with state insurance department and National Association of Insurance Commissioners (NAIC) requirements. The team partners with Business Unit Finance and Operational areas, Actuarial, as well as other Corporate business partners.

The current employee work arrangement for this position is Hybrid 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:

• Support the production and preparation of quarterly and annual statutory financial statements, which are filed with state insurance departments and the NAIC. This includes compliance with all disclosure requirements and maintaining adequate reporting controls.

• Preparation of quarterly Statutory Results packages for senior management in conjunction with Corporate Planning and Analysis and Business Unit Finance teams.

• Facilitate the end-to-end Statutory audited financial statement process with external auditors and provide supporting analytics for senior management in advance of presentation of Statutory results to the Audit Committee.

• Partner with Treasurers and Legal in support of the PICA funding agreement note issuance program (FANIP), including coordination of Statutory financial statements, required disclosures and Management Discussion & Analysis.

• Review and/or preparation of various disclosures, state filings, supplemental exhibits and schedules for domestic Captive Insurers which are filed annually with the Arizona Department of Insurance.

• Assist in researching matters related to Statements of Statutory Accounting Principles (SSAP’s) and NAIC instructions for business partners across the Enterprise.

• Monitor key controls for the Corporate Stat Reporting process, as part of the Company’s Management’s Report on internal controls per the NAIC’s Model Audit Rule requirement.

• Support special projects designed to improve the efficiency of the financial reporting process. Oversee the preparation, analysis, and submission of ad-hoc requests from senior management and other business partners.
   

What you’ll need:

• Four-year college degree required in either accounting or finance

• Three to five years of experience in accounting and financial reporting in a large financial services company, preferably an insurance company

• Strong interpersonal skills and excellent written and verbal communication skills

• Strong analytical skills, including the ability to pay close attention to details

• Strong working knowledge of Microsoft Word and Excel

• Overtime is required during peak periods

It’d be a plus if you had:

• Statutory accounting and reporting experience a plus

• Understanding of Oracle General Ledger System or Wings a strong plus

• MBA and/or CPA a plus
   

Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

At Prudential, you can:

Take charge of your career. People who have successfully developed their skills in this role have gone on to be promoted within financial reporting or have moved into different roles within finance

We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services such as on demand resources and networking to propel your career forward.

We’re a global organization, full of outstandingly dedicated people who aren’t afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.

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

• Retirement plans:

• 401(k) plan with company match (up to 4%)

• Company-funded pension plan

• Wellness Programs to help you achieve your wellbeing goals, 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.

• Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.

• 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.

To find out more about our Total Reward package, see our Total Rewards Brochure. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

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 $71,100.00 to $105,900.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. 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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.