1+ months

Manager, Treasury - INT000IV

Prudential
Newark, NJ
  • Job Code
    596200
Primary Location United States-New Jersey-Newark (NJ)
Job:Full-time
Travel:No
Description
!*!

The Prudential International Insurance (PII) Department has an opening for a Manager position within the Capital Management team and seeking a self-motivated individual with strong financial analysis and interpersonal skills to join the team.

 

PII currently supports Prudentials insurance operations outside of the US, which account for roughly half of Prudentials adjusted operating income. In this role, the Manager will have a unique opportunity to develop knowledge of PIIs businesses and strategies, including a variety of capital and liquidity concepts. There will be frequent opportunities to collaborate within the Prudential International Insurance Department, the Treasurers Department and the broader Global Finance Community. 

 

The responsibilities will include supporting the following functions:

  • Partner with Corporate Treasurers, Controllers, P&A, Portfolio Management and Tax to complete quarterly capital forecast, actual reporting, and various projects.  Main deliverables include preparations of Required Capital, FX hedging, solvency / statutory capital forecast, cash flow analysis, excess capital, and other capital related items
  • Partner with PIIs Japan region to optimize capital deployment while maximizing returns and supporting risk requirements
    • Review and challenge statutory (Japan GAAP) and US GAAP projections in support of maximizing sustainable Free Cash Flow deployment
    • Analyze, advocate and optimize the emerging capital frameworks most impacting Japan, primarily the Economic Solvency Requirement (ESR) under the International Capital Standards (ICS)
    • Support initiatives designed to optimize risk/return profile of the various legal entities that the Japan insurance companies operate through
  • Support the enhancement of enterprise risk management frameworks, including Treasury capital and liquidity stress testing frameworks (i.e. Capital Protection Framework and Liquidity Stress Testing)
  • Support M&A initiatives for the International Division of Prudential including capital, liquidity and return analysis
  • Provide treasury support for the International Division, including corporate finance, capital management, borrowing, liquidity and cash management

  • Prepare analysis under different capital lenses to determine the amount of risk in our countries and the appropriate amount of capital to support the risk. The associate will have the opportunity to learn and prepare different measurements of risk-based capital (e.g., solvency margin capital, risk-based capital, stressed regulatory capital and risk-adjusted capital requirements) and present results to senior management
  • Development of related presentations for senior management, rating agencies, regulators and the Finance Committee/Board of Directors

Responsibilities of the position may vary depending on the candidates background, skills, and experience. Other responsibilities include preparation of earnings call materials, various ad hoc requests from local operations and Corporate functions and supporting the forecast process redesign.




Qualifications
@!*!
  • Bachelors degree in Finance, Economics, or Accounting is preferred; MBA, CFA and / or CPA a plus

  • Minimum 4 years financial related experience (planning and analysis experience preferred)
  • Strong analytical, inter-personal and communication skills
  • High degree of self-motivation, passion to succeed, ownership, attention to detail and innovation
  • Proficiency in Microsoft Excel, PowerPoint and Word, PowerBI a plus
  • Knowledge of US GAAP and/or US STAT/RBC financial statements
  • Ability to work through issues independently and as part of a team
  • Multi-tasking and ability to work under tight deadlines
  • Knowledge of Prudentials financial systems (Obero, Oracle, etc.)



@!*!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.
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Posted: 2020-07-21 Expires: 2020-10-23

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Manager, Treasury - INT000IV

Prudential
Newark, NJ

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