Transactions Finance Manager (Finance)

Job Classification:

Finance & Accounting - Finance & Accounting

Prudential Financial Inc.'s (PFI) Open Architecture Solutions (OAS) team is seeking a skilled and highly motivated individual to fill a newly created Transactions Finance Manger role that will be based in the U.S. and report to the OAS Director, Controller. The Transactions Finance Manger will lead the OAS financial controllership implementation of reinsurance transactions and capital management initiatives for the Bermuda based affiliate reinsurance companies, Gibraltar Reinsurance Company Ltd. (Gibraltar Re) and Lotus Reinsurance Company Ltd. (Lotus Re), including ensuring appropriate reporting on a U.S. GAAP, Local Bermuda Statutory, and Economic Balance Sheet basis. Bermuda's reporting frameworks are principles based and will have similarities to U.S. GAAP Fair Value and other international frameworks. This position will also assist with other activities including accounting policy, and coordination of external audit requirements.

This area is highly visible and involves partnering with Actuarial, CIO, ALM, Investment Ops, and several corporate areas (Controllers, Tax). The role offers the candidate an excellent opportunity to develop and utilize their leadership skills plus will provide the opportunity to project manage and deliver presentations to senior leadership. This position is key to the further growth of Prudential's Bermuda business, a key element of our strategic priority to grow in a capital-efficient manner.

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:

• Proactively partnering with various stakeholders to identify and resolve US GAAP and/or Bermuda Statutory accounting issues arising from new products and transactions.

• Research, resolution, and documentation of accounting policies and/or issues (US GAAP and Bermuda Statutory). Focus will be on insurance accounting/product related issues, especially with respect to new reinsurance transactions.

• Work with the Accounting Policy team and OAS management on strategic initiatives, including new products, reinsurance transactions, etc.

• Manage the preparation, review and analysis of reporting data in support of disclosures for inclusion in financial statements.

• Work closely with Financial Services Organization (FSO) teams to ensure accurate manual entries into the Oracle ledger.

• Present to OAS Controllers and Senor Finance Management on key accounting issues.

• Interact with external auditors on accounting conclusions.

• Support quarterly financial reporting requirements.

What you'll need:

• Bachelor's degree with a major in Accounting or Finance. 

• Minimum of 5-8 years of relevant work experience. 

• Strong understanding of US GAAP and/or Statutory accounting and reporting. 

• Proven ability to manage multiple deliverables and meet deadlines under challenging time frames.

• Strong collaborative, communication and partnering skills. 

• Ability to work overtime during peak periods. 

• Ability to summarize complex business problems and detailed analysis with clarity and brevity

• Strong analytical skills and the ability to pay close attention to detail.

• Competent writer, with advanced proficiency in MS Office suite.

It'd be a plus if you have:

• CPA or equivalent highly preferred and advanced degree or designation.

• Strong project and process management skills.

• Superior conceptual thinking, analytical, research, and problem-solving skills.

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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.