11 days old

Manager, Treasury - BOR0001M

Newark, NJ
  • Job Code
Primary Location United States-New Jersey-Newark (NJ)

The Treasury Department of Prudential Financial has an opening in its newly formed Captive Solutions Group. This group is responsible for all aspects of Captive Management and Solutions for the Individual Life Insurance (ILI) captives. The successful candidate will be responsible for supporting the captive reserve financing program, including deal origination, counterparty relationship management, ongoing deal administration, monthly cash and investment portfolio monitoring and associated regulatory work. Because of the complexity involved, broad knowledge of financial concepts is required.  This position will interact with various areas throughout the Global Finance Community, including Treasury, ILI Finance, Regulatory Reporting, and Tax, as well as Legal, Actuarial and Global Portfolio Management.

Primary Responsibilities will include:


  • Support captive reserve financing transactions, which includes leading the execution phase of new transactions, coordinating due diligence requests with counterparties, planning and executing issuances under existing facilities, and other strategic projects.

  • Partner with the broader Captive Solution Team, Treasury, and ILI Finance on strategic projects to optimize the capital and financial benefits of the captive structures.

  • Support Actuarial departments annual captive capital modeling and strategic initiatives including planning and execution of annual capital transactions.

  • Support Global Portfolio Management in the management of the captives investment portfolios

  • Responsible for various reporting and analysis for captives, including surplus note financing, reserving requirements, rating agency surveys, etc.

  • Coordinate and support the preparation of senior executive presentations for Rating Agencies, the Captive Board of Directors, and other regulatory bodies.

  • Manage the ongoing administration and compliance with reserve financing transaction legal documents and AG48 and credit for reinsurance regulatory trust requirements.

  • Support various regulatory requests.

  • Support other ad hoc strategic projects and presentations as the need arises.

  • Undergraduate degree in Accounting, Finance, Economics or business/quantitative related field
  • CFA or CPA candidate preferred
  • 5 years of financial management/analysis/research experience with exceptional analytical skills
  • Strong knowledge of life insurance and actuarial concepts, GAAP, statutory and tax accounting and Prudential Financial applications are needed, but could be enhanced through on the job training
  • Highly motivated and creative problem solver; strategic thinker on financial, risk and capital management issues
  • Ability to work independently to drive results while building relationships throughout the Enterprise
  • Proven ability to meet deadlines, prioritize assignments and manage multiple projects
  • Ability to work well both independently and as part of a team
  • Advanced Excel skills with demonstrated ability to navigate complex data sets

Overtime is necessary during the peak forecasting periods or in the cases of special deliverables and/or deadlines.

@!*!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 companys 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. For more information please visit www.prudential.com.

Prudential is not accepting unsolicited resumes from search firms for this open position unless contracted with Staffing. Agencies must work with Staffing as the primary point of contact and follow the Prudential application process to be considered for business. All resumes submitted by search firms to any employee at Prudential via-email Internet or directly to hiring managers in any form without a valid written search agreement in place for that position will be deemed the sole property of Prudential and no fee will be paid in the event the candidate is hired by Prudential.
Note: Any search agreement entered into with Prudential before January 2004 is null and void. Search firms are essential to the recruitment and staffing efforts at Prudential and we value the partnerships we have built with our preferred vendors. Prudential has established and regularly maintains a preferred vendor list and even preferred vendors need to have a written search agreement signed by the Director Recruiting Programs Staffing at Prudential in place for the specific position in order for a fee to be paid for any candidate referrals.
Job Posting:@false


Posted: 2020-06-23 Expires: 2020-07-23

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Manager, Treasury - BOR0001M

Newark, NJ

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