Associate Manager, Planning and Analysis - ALM (Hybrid)

Prudential Financial • Newark, NJ

1d • $89,000 - $147,000 • Hybrid

About The Position

The ALM Finance Planning and Analysis team is seeking a results-oriented, accountable, and highly dependable candidate with strong leadership capabilities. The team holds key responsibilities for the internal management reporting of domestic general account investment results and maintains controllership responsibilities within the group. The Associate Manager, Planning and Analysis is responsible for delivering timely, accurate, and reliable financial management information. The role focuses on the operation, enhancement, and oversight of reporting systems that facilitate the production of management information. Key responsibilities include budgeting, forecasting, variance analysis, and providing clear commentary on variances. The incumbent is expected to have strong knowledge of day-to-day product or process activities, with the ability to resolve routine issues independently and seek input for resolving complex matters. This position may involve oversight of a small team or key process, with full ownership of multiple processes, reports, procedures, or products. The role is considered an analytical or procedural expert, representing their unit or team on cross-functional process or project deliverables. A solid understanding of the supported businesses and relevant industry experience is expected.

Requirements

• Energetic and open to new perspectives
• Continually seeks process and analytical improvements
• Flexible when priorities shift
• Promotes a team environment with a focus on associate development
• Demonstrates working knowledge of investment securities and related accounting treatments (GAAP, RBC, STAT)
• Undergraduate or Master’s degree in accounting or finance
• Strong background in financial analysis, reporting, and accounting
• Solid understanding of investment securities and related accounting
• Reliable, accountable, and able to work under tight deadlines
• Effective collaborator and team player
• Strong written and verbal communication skills
• Displays leadership and talent management awareness

Nice To Haves

• CPA or CFA designation preferred; MBA is a plus
• Experience with STAT accounting is a plus

Responsibilities

• Preparing the quarterly investment forecast
• Analyzing both actual and forecasted results
• Presenting analysis to key stakeholders such as Business Unit Finance teams, the CIO organization, and Senior Management
• Focusing analysis on drivers impacting invested asset balances and investment income (e.g., market rates/spreads, business cash flows, portfolio asset mix, derivative instruments)
• Maintaining a strong control environment to ensure accuracy and timeliness of reported results
• Delivering clear, insightful analysis to communicate the underlying story to stakeholders
• Partnering with CIO portfolio management teams to deepen understanding of investment portfolio activities and strategies
• Developing analytical models
• Preparing ad hoc analyses for senior management

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level