Vice President, Accounting Policy

    • Newark, NJ

This position will report to the Chief Accountant of Accounting Policy. The Corporate Accounting Policy function is primarily charged with:

  • Ensuring Prudential's accounting policies are documented and compliant with US GAAP and STAT reporting requirements.
  • Proactively partnering with business units to identify and resolve US GAAP/STAT accounting issues arising from new products and significant transactions.
  • Tracking FASB and NAIC projects, proposed and final standards. Coordinating lobbying activities with standard setters (FASB, SEC, NAIC) and writing comment letters as needed.
  • Coordinating the implementation of new accounting standards.
  • Presenting training curriculum to Finance associates on technical accounting matters and preparing material for such training sessions.
Candidates for the open position will lead a team responsible for addressing technical accounting and reporting related questions associated with new asset management arrangements, new insurance general account investments, new and complex financing arrangements and strategic acquisitions/divestitures. The candidate will be responsible for producing summaries of technical accounting matters for finance and senior business management.

More specifically, the Vice President will lead a team responsible for the following tasks:
  • Research, resolve, and document accounting policies and accounting policy issues (GAAP and STAT). Focus will include accounting for investments in debt and equity securities, equity method accounting, consolidations, business combinations, embedded derivatives, revenue recognition policies for asset management fees and accounting for limited partnership interests.
  • Oversee and coordinate the implementation of new accounting standards
  • Support quarterly financial reporting requirements (SEC, GAAP, STAT)
  • Work with the Accounting Policy Chief Accountant and business management on certain strategic initiatives, including acquisitions and divestitures
  • Liaise with Asset Management businesses in researching and resolving accounting policy issues; review and provide comments on accounting memoranda drafted by the Asset Management business
  • Coordinate the production of the Accounting Policy newsletter
  • Assist with the maintenance of accounting policy related SOX controls

Qualifications:
  • Undergraduate degree in accounting is required. MBA is a plus
  • CPA or foreign equivalent strongly preferred. Big Four experience is a plus
  • Minimum of 10 years of relevant experience
  • Strong interpersonal and communication skills (oral and written) including the ability to explain complicated technical accounting and reporting matters to non-subject matter experts
  • Experience with analyzing highly complicated transactions
  • Track record of effective collaboration with senior business and corporate finance leaders
  • Strong working knowledge of GAAP/STAT accounting rules (including Purchase GAAP) and experience in resolving and documenting technical issues related to investments and Asset Management arrangements (consolidation rules, CECL, investment income recognition etc.)
  • Ability to manage a talented team of technical experts
  • Strong analytical, project management and organizational skills
  • Ability to manage multiple projects under tight time constraints



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