Job Description

This position is in the Corporate Accounting Policy Unit, which is part of the Corporate Controller's Department. This position is focused on insurance accounting issues and primarily involves providing accounting guidance related on new product offerings, reinsurance transactions and adhoc inquiries.

Over the next few years, this position will also support the implementation of FASBs new insurance accounting standard called Targeted Improvements to the Accounting for Long-Duration Insurance Contracts, which is effective 1/1/22. This is the most impactful accounting standard for the insurance industry in close to 40 years. This position provides for significant interaction with Business Unit Controllers/staff, Corporate Actuarial and our External Auditors, and requires strong collaboration, documentation, and problem-solving skills. Successful candidates will gain an understanding of transactions and key product economics in a variety of businesses and increase their knowledge of key technical insurance accounting issues.

Main responsibilities in this area include:

Documenting US GAAP accounting & actuarial policies related to the implementation of the new insurance accounting standard.

Preparing or reviewing US GAAP and Statutory accounting policies related to existing insurance products, new product launches, and analyzing complex transactions, e.g., reinsurance transactions.

Interacting with external auditors on accounting conclusions.

Liaison with specific Business Unit Controllers/staff and Corporate Actuarial on insurance accounting matters.

Monitoring, analyzing and commenting on emerging accounting issues from the FASB, SEC and NAIC.

Preparing training materials for various levels of associates on key insurance accounting topics.

Drafting responses to SEC comment letters related to insurance accounting matters.

Coordinating external disclosures and internal communications pertaining to accounting policy matters

Qualifications

Bachelor's degree in Accounting

CPA preferred, but not required

7+ years GAAP accounting and financial reporting experience required

Technical GAAP and/or Statutory insurance accounting experience preferred

Strong analytical and problem-solving skills

Very strong written and verbal communication skills

Strong PowerPoint skills desired

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Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

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.

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please call (800) 433-8960, prompt 4 or email accommodation.h&w@prudential.com.

Please note that the above number and email are solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email careers@prudential.com to request assistance.