Manager, Planning & Analysis - Enterprise Valuation Group (Hybrid) - Prudential Annuities Distributors (PAD) : Job Details

Manager, Planning & Analysis - Enterprise Valuation Group (Hybrid) page is loadedManager, Planning & Analysis - Enterprise Valuation Group (Hybrid)Apply locations Newark, NJ, USA time type Full time posted on Posted Yesterday job requisition id R-121603

Job Classification:

Finance & Accounting - Finance & Accounting

The Enterprise Valuation Group (EVG) within the ALM Finance department of Corporate Controller's Group performs critical control and validation procedures over the Company's general account investment portfolio and other investment activities affiliated with PFI. The group also provides certain valuation services to the businesses related to significant transactions (including M&A and reinsurance) and unique strategic investments. EVG's responsibilities also include developing and maintaining corporate level valuation oversight policy, guideline, and procedures, reviewing valuation processes and methodologies, and reporting valuation oversight results to senior management.

This role requires knowledge and skills to understand and evaluate credit related investment valuation matters across many asset types, including bonds, mortgages, equity, real estate and other alternative investments. The role should perform Analytical, Model and Accounting control and validation over the Company's General Account/Separate Accounts investment activities.

This role will support the Vice President and/or Director of the group in preparing valuation subject analysis, consolidating valuation oversight results for multiple assets classes, and compiling/streamlining/presenting quarterly valuation council reports to finance management.

The ideal candidate will have a collaborative mindset, offer new perspectives, seek to make continual improvements in process and analysis, remain flexible when faced with shifting priorities and strive to build a team environment. Experience with accounting and financial reporting practices (GAAP and STAT) is preferred (but not mandatory), particularly in the following areas:

• Fair value measurement and reporting (ASC 820).
• Measurement of Credit Losses on Financial Instrument / CECL Current Expected Credit Loss (ASU 2016-13).
• Various accounting treatments for debt securities, equity securities, equity methods, and consolidation requirements.
• Recognition and Measurement of Financial Assets and Financial Liabilities (ASU 2016-01) to address the recognition, measurement, presentation, and disclosure of certain financial instruments.

What you'll do:

• Participating in the group's focus range from optimizing liquid core assets valuation routines to maximizing transparency on illiquid, non-core assets with obstacles including unobservable inputs, operational lags, non-GAAP financials, etc.
• Monitoring emerging valuation topics related to GAAP/Statutory/SEC reporting requirements and serving as a subject matter expert for valuation and valuation oversight.
• Performing Quarter-end valuation testing and reviews.
• Producing regular management reports on valuation oversight.
• Working with the fair value reporting team to improve fair value leveling.
• Performing other ad hoc valuation analysis to support financial reporting and management decision making.

What you'll need:

• Undergraduate degree in Accounting, Finance, Economics or other relevant disciplines.
• 5+ years experience in investment related financial analysis and reporting is preferred.
• Working knowledge of financial security valuation principles and practices.
• Knowledge of ASC 820 fair value leveling, measurement, and disclosures.
• Strong communication and interpersonal skills with an ability to interact effectively with other functions, peers, and senior managers.
• Reliable and accountable, with ability to work under tight time constraints.
• Strong organizational and analytical skills; high level of attention to details.
• Leadership skills and talent management awareness.
• Preferring candidates with knowledge of one or more valuation concepts, including cashflow discount models, yield curve analysis, enterprise value models using sales or earnings multiples, sum of the parts (SOTP) business valuation methods.
• Ability work with cross-functional teams and deliver technology-driven solutions to investment analysis. Candidates with proficiency in investment analytics and data analysis are highly preferred. Experience with one or more programming and investment tools such as Python, SQL, Tableau, Power BI, Cognos, R, Matlab, Capital IQ, Bloomberg, Intex are desired but not mandatory

It would be a plus if you had:

• CPA, CFA, MBA, or Master of Financial Engineering.
• Working knowledge of investment IPV (Independent Price Verification) and valuation control procedures.
• Auditing or consulting experience with a public accounting firm.
• Experience with ASU 2016-01, Financial Instruments: Recognition and Measurement of Financial Assets and Financial Liabilities, ASC 320 (Debt), ASC 321(Equity) accounting treatment, ASC 323 (Equity Method and Joint Ventures), ASC 810 (Consolidation) and ASC 805 (Business Combinations).

#LI-HYBRID

What we offer you: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 $118,700.00 to $176,600.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

• 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.

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. To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

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.

If you need an accommodation to complete the application process, please email [email protected] .

If you are experiencing a technical issue with your application or an assessment, please email [email protected] to request assistance .

About PGIM

PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. With offices in 18 countries, PGIM's businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

Our Commitment to an Inclusive Workplace

Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are 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 hone their skills and explore continued opportunities within Prudential.

#J-18808-Ljbffr