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PGIM Operations & Innovation I Associate Manager, Investment Operation & Reporting

Company: PGIM
Location: Newark
Posted on: November 24, 2022

Job Description:

Job Classification: Investment Management - Investment Operations PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE: PRU). With $1.4 trillion in assets under management, and 38 offices spanning 16 countries, PGIM is among the world's top-10 largest asset managers. Comprised of seven self-governing asset management divisions, each PGIM business offers a distinct workplace culture that aligns with the firm's ultimate objective: to provide premier service to our clients while fostering an inclusive workplace culture that is rooted in trust, respect and equality. Prudential is a Fully Inclusive Workplace: At Prudential, we value the unique perspectives and experiences of every individual, and we work hard ensure to Prudential is a welcoming and rewarding place to work for people of all identities and backgrounds. 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 most relevant emerging technologies and best-in-class solutions. Our Role: PGIM's Investment Operations is part of PGIM Operations and Innovation and provides recordkeeping, accounting, reporting and technology services for the investment portfolios supporting the Insurance Companies. Additionally, we support all investment data for the Chief Investment Officer and the Chief Risk officer for Prudential. The Mortgage Loans Reporting team within the Investment Reporting Unit in the PGIM O&I is looking for an Associate Manager. We are responsible for providing accounting, financial reporting, and recordkeeping support for Prudential and its subsidiaries. The financial reporting is performed on a Statutory and GAAP basis. You will specifically support the following asset type: Mortgage Loans. Support functions consist of reconciling, reporting, and analyzing mortgage loan positions and transactions by utilizing the Strategy/Loan Connect sub-ledger system, and the General Ledger (Oracle). The Associate Manager is accountable for the application of accounting rules and practices as appropriate for the various portfolios and asset types. PGIM believes in the Power of a Hybrid work arrangement. The Power of Hybrid is both the flexibility of work from home, as well as the networking and career development of in-person work with colleagues through weekly anchor day(s). Responsibilities Include: Supervising a staff of 1 or more Preparing monthly, quarterly, and annual Statutory and GAAP based reports that are used in the firm's regulatory filings Completing quarterly and annual Schedule B and associated schedules and footnotes Preparing annual Surveys from external rating agencies i.e., Moody's, S&P and AM Best Preparing and reviewing monthly reconciliations for asset and income accounts Documenting and executing procedures for any new reporting requirements pertaining to Mortgage Loans Completing various ad-hoc requests that are received from internal clients and business partners Support enterprise initiatives and special projects as needed Support internal and external audits Qualifications: Bachelor's Degree in Accounting or Finance or equivalent work experience 4-6 years of experience of investment reporting experience Strong supervisory and leadership skills Excellent analytical and problem-solving skills Strong computer/technical skills, primarily with Microsoft Excel Knowledge of GAAP and Statutory investment accounting Knowledge of Oracle General Ledger would be considered a plus Self-motivated and proactive, with good communication and time management skills Demonstrates ability to deliver high quality results 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 $85,000 to $115,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. 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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement Our Culture: Prudential is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don't just accept difference-we celebrate it, support it, and thrive on it. At Prudential employees have a unique opportunity to build their career path by owning their development, their career and their future. We encourage employees to utilize the internal "Skills Accelerator" to hone their skills and explore the opportunities available to them within Prudential. 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 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 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 email . Please note that the above email is solely for individuals with disabilities requesting an accommodation. If you are experiencing a technical issue with your application or an assessment, please email to request assistance.

Keywords: PGIM, Newark , PGIM Operations & Innovation I Associate Manager, Investment Operation & Reporting , Executive , Newark, New Jersey

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