Senior Business Analysis Associate
Posted on: 6 Jun 2021
Newark, NJ
Job Description
Job Description:
The prospectus area is charged with the task of developing and filing prospectuses and prospectus supplements for variable life insurance products with the Securities and Exchange Commission (SEC) for new products, enhancements to existing products, and annual product filings. The prospectus fully explains how the product and features work.
The incumbent is responsible for analysis, research, development, the automated filing and the accuracy of a detailed prospectus and related documents. The scope of this position also includes coordination to ensure that business, operations, actuarial, and legal areas are in agreement that prospectuses and related documents are complete and accurate and that financial sign off has been secured by the financial coordinator prior to filing with the SEC.
The incumbent is also responsible for calculating, validating and tracking of department inflows and outflows of expenses related to department fund-related expenditures.
Additional responsibilities may include special projects and business as usual type projects. Some overtime is likely to be necessary in January through April for annual prospectus filings, and occasionally during the rest of the year as well.
Qualifications:
1-2 years of insurance background or accounting experience required
Very good verbal and written communication skills are required. The ability to understand and write complex technical material in a clear concise manner is very important. Be prepared to show examples of technical material you researched and developed if you get an interview.
Strong interpersonal skills will be needed to develop and maintain working relationships with people of widely varying levels, backgrounds, and skills.
Very strong analytical and research skills.
Results oriented with project planning experience.
Ability to work independently and with management to define, plan and manage complex projects.
Knowledge of Prudential’s individual variable life insurance portfolio would be a significant plus.
In depth knowledge of at least one of the following would be helpful: SEC filings, variable product law, regulatory or compliance expertise.
Technically oriented with a proficiency in MS Word, Excel and Adobe software.
Prudential
Newark, NJ
Prudential Financial, Inc., through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S. Individual Solutions, and International Insurance divisions. The PGIM division offers an array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private, and sub-advisory clients, as well as to insurance company separate accounts, government sponsored entities, and the general account.
The U.S. Workplace Solutions division provides a range of retirement investment, and income products and services to retirement plan sponsors in the public, private, and not-for-profit sectors; and group life, long-term and short-term group disability, and group corporate-, bank-, and trust-owned life insurance in the United States, primarily to institutional clients for use in connection with employee plans and affinity groups.The U.S. Individual Solutions division develops and distributes individual variable and fixed annuity products, principally to the mass affluent and affluent markets; and individual variable, term, and universal life insurance products to the mass middle, mass affluent, and affluent markets in the United States.
The International Insurance division develops and distributes individual life insurance, retirement, and related products to the mass affluent and affluent markets in Japan, Korea, and other foreign countries, as well as middle income and mass affluent markets. The company offers its products and services to individual and institutional customers through its proprietary and third-party distribution networks. Prudential Financial, Inc. was founded in 1875 and is headquartered in Newark, New Jersey.
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IndustryInsurance
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No. of Employees50,492
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Website
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Jobs Posted2329
