Manager, Expense Management

Job Classification: Finance & Accounting - Finance & Accounting Prudential Financial Group (PFI, fortune 500 company), is seeking a skilled and highly motivated individual to fill a newly created of Manager, Expense Management. The Manager, Expense Management position will be responsible for monthly financial close, overseeing expenses and cash management, plus analysis and business measurement for OAS and its Bermuda companies. The successful candidate for this position should possess the ability to manage multiple deliverables concurrently, have strong written and oral communication skills, and effectively develop within a team dynamic. The role will suit a highly motivated, process improvement oriented, and results driven Expense Manager, who will be expected to play a key role in the implementation of Financial Expense Transformation initiatives. The current employee work arrangement for this position is Hybrid in Newark, NJ 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: Manage the expense management process, including monthly expense journal entries, for OAS, Gib Re, Lotus Re, and PSCB. Oversee accounts payable, ensuring timely and accurate processing of invoices, payments, and financial records. Own intercompany accounting, including affiliated reconciliations, invoicing, and settlements. Support and oversee cash management for PSCB, Gib Re, and Lotus Re. Deliver timely quarterly expense management reporting to meet needs of Bermuda management team, local board, and internal PFI stakeholders. Functional expense results validation, development of business-drivers analysis of variances, and communication of expense results to multiple stakeholders. Produce actionable analytics, insightful financial information to facilitate transparency, and executive presentations to articulate functional results and future projections. Coordinate and review monthly and quarterly accruals and correction entries with the offshore team. Create strong partnerships while gaining a thorough understanding of the key expense levers/drivers in each functional area. Manage monthly affiliated and vendor bill payments, while seeking process improvements. Supervise control activities for related processes. Assist with various ad-hoc requests for Senior Management. What youll need: Bachelors degree in Finance, Accounting, or a related field, with a minimum of 5 years of relevant experience. Recognized Accounting designation CPA or equivalent Strong working knowledge of Oracle BI, SQB, FDW, and advanced proficiency in MS Office suite. Knowledge of WebADI templates and how to develop journal entries. Strong analytical skills and the ability to pay close attention to detail. Ability to prioritize and manage multiple demands. Proactively anticipate issues, provide recommendations, and communicate key issues timely and at the right level. Itd be a plus if you have: Advanced degree or designation (e.g., MBA, CFA). Experience managing reports and shared resources. Innovation mindset with the willingness to challenge the status quo. 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 $118,700.00 to $176,600.00. 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.