Prudential Financial, Inc
Investment Operations Analyst, PGIM Global Services ( Hybrid - Newark, NJ Or/ Ta
Prudential Financial, Inc, Newark, New Jersey, us, 07175
Overview
A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE As the Global Asset Management business of Prudential, we strive to improve financial services and make a meaningful impact—helping millions and addressing financial challenges in an ever-changing world. We value talent, respect, and collaboration, and we offer opportunities to grow your skills and advance your profession at one of the world's leading global asset managers. If you think differently and challenge the status quo, join a dedicated team investing in your future by shaping tomorrow today. At PGIM, You Can!
What you will do The Investment Operations team is part of PGIM Global Services and provides recordkeeping, accounting, reporting, and technology services for the investment portfolios supporting the Insurance Companies. We also support all investment data for the Chief Investment Officer and the Chief Risk Officer for Prudential. The Regulatory Reporting team handles pricing, valuation, accounting, financial reporting, and recordkeeping support for Prudential and its subsidiaries. Financial reporting is performed on a Statutory and Tax basis. You will support the Tax, Pricing, and Valuation Reporting Team, reconciling, reporting, and analyzing Bond & Equity positions and transactions using the PAM Investment sub-ledger and the General Ledger (Oracle). You will be accountable for applying accounting rules and practices as appropriate for the various portfolios. This position is based in one of our offices in Tampa, FL or Newark, NJ and follows a hybrid schedule (3 days in office). We encourage in-office work when tasks require high collaboration. The organization supports a hybrid work structure with remote or in-office work as needed based on task demands and personal preferences.
What you can expect
Preparing monthly, quarterly, and annual GAAP & STAT reports, such as monthly subledger to ledger proofs, monthly market value reconciliation, quarterly MD&A supplemental schedules, quarterly cashflows for Fixed Maturities, Trading Assets, Equity at Fair Value, and Short-Term Bonds, annual GAAP surveys and footnote disclosures, and statutory Schedule D, DA, and E along with general interrogatories and notes to financials.
Preparing General Ledger entries monthly for GAAP Market Value adjustments.
Preparing monthly reconciliations for Asset and Income accounts.
Researching issues related to accounting entries and the subledger Investment system.
GAAP to STAT balance sheet reconciliation.
Documenting procedures for any new reporting requirements.
Completing various ad-hoc requests from internal clients.
Gathering information for internal and external audits.
Participating in special projects as needed.
What you will bring
Bachelor's degree in accounting or finance or related field
Strong quantitative and analytical skills
Proficiency in the MS Office Suite (Word, Excel, PowerPoint)
Knowledge of Oracle General Ledger is a plus
Knowledge of investment accounting and various investment instruments
High level of self-motivation and dedication
Strong attention to detail
Excellent written, verbal, and interpersonal skills
Strong leadership and organizational skills
Client-focused and results-oriented work ethic
Ability to work independently and as part of a team
Ability to work overtime during peak periods
What will set you apart?
Knowledge of Oracle General Ledger
Prior background or internship experience in investment management or the financial services industry is strongly preferred
PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
Note:
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
$60,000 to $70,000 . Specific pricing for the role may vary within the above range based on geographic location, candidate experience, and skills.
About PGIM Global Services PGIM Operations and Innovation drives digital transformation, modern data analytics, and operational excellence across PGIM in partnership with our business and corporate functions. We are aligned into seven verticals to drive innovative solutions and deliver operational services that contribute to PGIM being a world-class investment manager. Our workstreams operate in a collaborative, agile manner and foster a strong community focused on relevant emerging technologies and best-in-class solutions.
What we offer you
Market competitive base salaries, with a yearly bonus potential at every level
Medical, dental, vision, life insurance, disability insurance, PTO, and leave of absences (e.g., parental and military leave)
401(k) plan with company match (up to 4%)
Company-funded pension plan
Wellness Programs including up to $1,600/year for personal wellbeing items
Work/Life Resources for parenting, housing, senior care, finances, and more
Education Benefit to assist with traditional college enrollment or approved certificate programs
Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower price after one year of service
Eligibility to participate in a discretionary annual incentive program is subject to program rules and performance. To learn more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Prudential Financial, Inc. is not affiliated with Prudential plc. 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 for assistance.
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A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE As the Global Asset Management business of Prudential, we strive to improve financial services and make a meaningful impact—helping millions and addressing financial challenges in an ever-changing world. We value talent, respect, and collaboration, and we offer opportunities to grow your skills and advance your profession at one of the world's leading global asset managers. If you think differently and challenge the status quo, join a dedicated team investing in your future by shaping tomorrow today. At PGIM, You Can!
What you will do The Investment Operations team is part of PGIM Global Services and provides recordkeeping, accounting, reporting, and technology services for the investment portfolios supporting the Insurance Companies. We also support all investment data for the Chief Investment Officer and the Chief Risk Officer for Prudential. The Regulatory Reporting team handles pricing, valuation, accounting, financial reporting, and recordkeeping support for Prudential and its subsidiaries. Financial reporting is performed on a Statutory and Tax basis. You will support the Tax, Pricing, and Valuation Reporting Team, reconciling, reporting, and analyzing Bond & Equity positions and transactions using the PAM Investment sub-ledger and the General Ledger (Oracle). You will be accountable for applying accounting rules and practices as appropriate for the various portfolios. This position is based in one of our offices in Tampa, FL or Newark, NJ and follows a hybrid schedule (3 days in office). We encourage in-office work when tasks require high collaboration. The organization supports a hybrid work structure with remote or in-office work as needed based on task demands and personal preferences.
What you can expect
Preparing monthly, quarterly, and annual GAAP & STAT reports, such as monthly subledger to ledger proofs, monthly market value reconciliation, quarterly MD&A supplemental schedules, quarterly cashflows for Fixed Maturities, Trading Assets, Equity at Fair Value, and Short-Term Bonds, annual GAAP surveys and footnote disclosures, and statutory Schedule D, DA, and E along with general interrogatories and notes to financials.
Preparing General Ledger entries monthly for GAAP Market Value adjustments.
Preparing monthly reconciliations for Asset and Income accounts.
Researching issues related to accounting entries and the subledger Investment system.
GAAP to STAT balance sheet reconciliation.
Documenting procedures for any new reporting requirements.
Completing various ad-hoc requests from internal clients.
Gathering information for internal and external audits.
Participating in special projects as needed.
What you will bring
Bachelor's degree in accounting or finance or related field
Strong quantitative and analytical skills
Proficiency in the MS Office Suite (Word, Excel, PowerPoint)
Knowledge of Oracle General Ledger is a plus
Knowledge of investment accounting and various investment instruments
High level of self-motivation and dedication
Strong attention to detail
Excellent written, verbal, and interpersonal skills
Strong leadership and organizational skills
Client-focused and results-oriented work ethic
Ability to work independently and as part of a team
Ability to work overtime during peak periods
What will set you apart?
Knowledge of Oracle General Ledger
Prior background or internship experience in investment management or the financial services industry is strongly preferred
PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.
Note:
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
$60,000 to $70,000 . Specific pricing for the role may vary within the above range based on geographic location, candidate experience, and skills.
About PGIM Global Services PGIM Operations and Innovation drives digital transformation, modern data analytics, and operational excellence across PGIM in partnership with our business and corporate functions. We are aligned into seven verticals to drive innovative solutions and deliver operational services that contribute to PGIM being a world-class investment manager. Our workstreams operate in a collaborative, agile manner and foster a strong community focused on relevant emerging technologies and best-in-class solutions.
What we offer you
Market competitive base salaries, with a yearly bonus potential at every level
Medical, dental, vision, life insurance, disability insurance, PTO, and leave of absences (e.g., parental and military leave)
401(k) plan with company match (up to 4%)
Company-funded pension plan
Wellness Programs including up to $1,600/year for personal wellbeing items
Work/Life Resources for parenting, housing, senior care, finances, and more
Education Benefit to assist with traditional college enrollment or approved certificate programs
Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower price after one year of service
Eligibility to participate in a discretionary annual incentive program is subject to program rules and performance. To learn more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some benefits may not apply to part-time employees scheduled to work less than 20 hours per week.
Prudential Financial, Inc. is not affiliated with Prudential plc. 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 for assistance.
#J-18808-Ljbffr