Manager, Financial Reporting (Hybrid)

Job Classification:

Finance & Accounting - Finance & Accounting

The Broker Dealer Financial Reporting team within Corporate Controllers is responsible for preparing legal entity financial statements (both GAAP and regulatory) for PFI’s three Broker Dealers (“BD’s”) including Prudential Investment Management Services (“PIMS”), Pruco Securities (“PRUCO”), and Prudential Annuities Distributors Inc. (“PAD”).   These BD’s are registered with the SEC and are members of the Financial Industry Regulatory Authority, Inc (“FINRA”).  They are the distributors of various securities products sold by Prudential Financial Inc, including proprietary variable life & annuities, mutual funds and other registered products.  PIMS also acts as a clearing broker responsible for execution, clearance & other services for the daily mutual fund trading activity in the retirement services mutual fund platform.

An outstanding opportunity exists to join the financial management group responsible for all finance and accounting activities of the broker dealers. This position is a Manager level opening responsible for the following:

• Responsible for the preparation, assembly, and critical review of regulatory and GAAP financial statements & supporting analyses for Prudential’s three broker dealers including:

  • Monthly FINRA FOCUS report filing

  • Monthly financial results analyses and due diligence

  • Quarterly board reporting

  • Quarterly FINRA Supplemental Schedule of Income report filing

  • Quarterly FINRA Off Balance Sheet report filing

  • Quarterly SEC 17-H and Annual Risk Assessment report

  • Semi-Annual SIPC report filing and payment

  • Annual FINRA FOCUS report filing

  • Annual audited SEC filed financial statements (60 day filing deadline).

• Manage, motivate, develop & supervise a team of 3 - 4 staff including Associate Manager, rotation, external contracted and intern level associates.  This includes responsibility for the half and full year performance management cycles (objective setting, Individual Development Plans, and performance appraisals).

• Active engagement and partnering with Broker Dealer Business, Finance, Legal, Compliance and Operations associates in managing Broker Dealer related financial risk, control and compliance related matters.

• Work closely with internal and external audit teams, regulators and examiners.

• Ensure on-going compliance with all existing and emerging regulatory and GAAP reporting requirements of a registered broker-dealer.

• Manage the general accounting & financial reporting responsibilities including preparation and review of monthly GAAP financial statements & supporting analyses.  Also includes extensive partnering & support with key business partners.

• Manage the preparation and review of monthly SEC Rule 15c3-1 (Net Capital) and weekly SEC Rule 15c3-3 (customer protection) computation & compliance, (segregated cash balances wired timely into Special Reserve bank account).

• Responsibility for development and review of financial support including account analyses, trade blotters, registered representative count, and trade statistics.

• Act as primary interface with examiners and auditors in the conduct of their periodic reviews of the broker dealers.  Coordinate assembly and distribution of FINRA examination and PwC audit schedule requests.

Job Requirements:  Qualifications

• Undergraduate degree in Accounting

• Experience in, or working knowledge of BD accounting & financial reporting preferred

• CPA license and/or FINRA Series 27 or 99 registration, a plus

Other qualifications include:

• Solid general understanding of financial markets, insurance and investment products

• Strong analytical, interpersonal and communication skills

• Strong PC skills including Excel, PowerPoint and Word (experience with Oracle G/L system a plus)

• The candidate must be able to manage multiple assignments and priorities simultaneously.

• Ability to work independently and as a part of various teams

• Adaptable to change and transition

• Self-motivated and highly proactive in offering constructive solutions

• Ability to work overtime required during peak periods

#LI-KG1

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 $111,400.00 to $165,800.00. 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.

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 [email protected] 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 [email protected].

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 [email protected] to request assistance.