Financial Reporting Associate

Job Classification: Finance & Accounting - Finance & Accounting At Prudential, we believe talent is key to achieving our vision. When you join Prudential, youll unlock a motivating and impactful career all while growing your skills and advancing your profession at one of the worlds leading financial services institutions! The ALM Treasury Controllers group is looking for a Financial Reporting Associate. The group is responsible for direct oversight of Prudentials derivative, cumulative translation adjustments (CTA) and debt/treasury stock activity, including the reporting, analyzing, and communicating of those results to Senior Management and the Prudential businesses. The group is also responsible for the analyzing, reporting, and communicating actual and forecasted derivatives results of PFI to senior management, Prudential businesses and external financial filings under US GAAP and Statutory accounting standards. Specific functional areas cover: Accounting and financial reporting for Prudential Global Funding (PGF) subsidiary All aspects of the reporting and analysis of General Account, Domestic and International derivative and foreign exchange (FX) activities Prudential Global Funding (PGF) acts as a derivatives conduit by facilitating derivative and related activity for PICA and other subsidiaries of Prudential. This subsidiary maintains an investment portfolio consisting of derivatives (including swaps, options, futures, credit default swaps and foreign exchange contracts), cash equivalents and bonds. The successful candidate would have primary responsibility in preparing and reviewing the daily, monthly and quarterly financial reporting requirements of the PGF subsidiary. 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: Complete the daily profit & loss (P&L) statements and accounting entries for investment activity, including interaction with derivative Traders Prepare the PGF subsidiary monthly and quarterly book close journal entries and reconcile ledger accounts to appropriate supporting systems reports or data Assist in the preparation of the subsidiarys quarterly stand-alone financial results and analysis presentation for senior management Prepare PGF stand-alone annual reports, including financial statements and footnotes Daily monitoring of derivative trades for proper hedge code assignment Quarterly consolidation and analysis of derivative results by strategy for international subsidiaries Coordinate with functional and business partners in PGF Operations, PGF Documentation Group, PGF Systems, International subsidiaries, Treasurers, and Investment Risk Management, as well as Internal and External Auditors Ensure that the accounting and financial reporting processes and deliverables are controlled and meet Sarbanes-Oxley requirements Support department projects and ad-hoc requests Assistance in monitoring, analysis, and presentation of Company-wide foreign currency exposure, including impact to Company-wide cumulative translation adjustment (CTA) Support periodic forecasting of Derivative results for PFI What you'll need: Undergraduate degree, preferably in Accounting or Finance Self-motivated and proactive with ability to work independently and as part of a team Good analytical and problem-solving skills Proficient in Microsoft Excel (advanced formulas and functions) Highly organized and attentive to details Effective interpersonal, communication and partnering skills Able to effectively prioritize and manage time in a fast-paced, ever-changing and challenging environment Experience with Oracle general ledger and related reporting supplemental tool and Finastra Summit a plus Flexibility to work overtime is 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 $51,200.00 to $76,200.00. 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 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. If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com. If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance. Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of Dec. 31, 2023, has operations in the United States, Asia, Europe, and Latin America. Prudentials diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudentials iconic Rock symbol has stood for strength, stability, expertise and innovation for 150 years. For more information please visit news.prudential.com. Our Commitment to an Inclusive Workplace Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We dont just accept differencewe celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential. PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. With offices in 18 countries, PGIMs businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, visit pgim.com. Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com. PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. Our Commitment to an Inclusive Workplace Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We dont just accept differencewe celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.