Director, Financial Reporting; Hybrid

Director, Financial Reporting (Hybrid) at Prudential Financial

Job Classification:
Finance & Accounting – Finance & Accounting

An opportunity as Director, Financial Reporting is available supporting the Controllers team in the Individual Life Insurance (ILI) business. This role has accountability for accounting policy on both a GAAP and Statutory accounting basis for the Individual Life Insurance business and Closed Block Division (CBD). The team is responsible for accounting policy, management reporting of CBD actual results, as well as quarterly/annual SEC filings, Statutory, and Regulatory Reporting.

This critical leadership role works closely with senior business management and is charged with leading the Accounting Policy function for ILI, which includes being an integral part of project teams, participating in strategy and execution, and ensuring proper accounting policies are documented and implemented. The individual will have significant exposure to many senior leaders and other groups.

The current employee work arrangement for this position is hybrid and requires your on-site presence on a recurring 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

• Leading the Accounting Policy function within ILI Controllers including the documentation of transactions such as capital management projects, actuarial and investment initiatives, new products, and new accounting guidelines.

• Leading the implementation and ongoing governance of new product offerings.

• Provide oversight and review of both the GAAP and Stat financial statements for the CBD.

• Provide analysis supporting SEC reporting (10K/10Q/MD&A) for the CBD.

• Analyze quarterly key business earnings drivers, including underwriting results, investment results, expense drivers, and taxes.

• Manage relationships with corporate centers and other internal parties including Corporate Controllers, Financial Services Organization (FSO), Closed Block Executive Office, Risk Management, Legal, Tax, internal and external auditors, Treasurers, Asset & Liability Management, and Actuarial.

• Support annual Closed Block requirements such as annual appraisal for the dividend setting process and agreed upon procedures for the State of NJ.

• Provide related support for Regulatory Reporting as it arises.

• Human resource management including staff recruiting and development, training and succession planning. Role will have three team members directly supporting accounting policy and CBD reporting.

What You’ll Need

• Strong leadership and communication skills.

• Ability to collaborate with others to drive strategy and execution.

• Strong GAAP and Statutory reporting experience in the insurance industry including a thorough knowledge of insurance industry GAAP and Statutory accounting policies and concepts.

• Strong understanding of insurance-related actuarial concepts and reinsurance.

• Robust understanding of investments, including derivatives and financing arrangements.

• Degree in Accounting or related field.

It’d Be a Plus If You Had

• CPA designation with public accounting experience.

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. 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.

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 $ to $. 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…