Financial Reporting Associate

Prudential Financial is one of the world’s leading financial services institutions, seeking a Financial Reporting Associate to join their ALM – Treasury Controllers group. This role involves oversight of derivative activities, financial reporting, and analysis for Prudential’s Global Funding subsidiary, ensuring compliance with accounting standards and delivering accurate financial results. Responsibilities Complete the daily profit & loss (P&L) statements and accounting entries for investment activity, including interaction with derivative Traders Prepare the PGF subsidiary monthly and quarterly book close journal entries and reconcile ledger accounts to appropriate supporting systems reports or data Assist in the preparation of the subsidiary’s quarterly stand-alone financial results and analysis presentation for senior management Prepare PGF stand-alone annual reports, including financial statements and footnotes Daily monitoring of derivative trades for proper hedge code assignment Quarterly consolidation and analysis of derivative results by strategy for international subsidiaries Coordinate with functional and business partners in PGF Operations, PGF Documentation Group, PGF Systems, International subsidiaries, Treasurers, and Investment Risk Management, as well as Internal and External Auditors Ensure that the accounting and financial reporting processes and deliverables are controlled and meet Sarbanes-Oxley requirements Support department projects and ad-hoc requests Assistance in monitoring, analysis, and presentation of Company-wide foreign currency exposure, including impact to Company-wide cumulative translation adjustment (CTA) Support periodic forecasting of Derivative results for PFI Skills Undergraduate degree, preferably in Accounting or Finance Self-motivated and proactive with ability to work independently and as part of a team Good analytical and problem-solving skills Proficient in Microsoft Excel (advanced formulas and functions) Highly organized and attentive to details Effective interpersonal, communication and partnering skills Able to effectively prioritize and manage time in a fast-paced, ever-changing and challenging environment Flexibility to work overtime is required Experience with Oracle general ledger and related reporting supplemental tool and Finastra Summit a plus Benefits 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. Company Overview Prudential Financial specializes in the fields of investment management, life insurance, and retirement benefits. It is a sub-organization of Prudential Financial. It was founded in 1875, and is headquartered in Newark, New Jersey, USA, with a workforce of 10001+ employees. Its website is Company H1B Sponsorship Prudential Financial has a track record of offering H1B sponsorships, with 1 in 2024, 1 in 2023. Please note that this does not guarantee sponsorship for this specific role.