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Sr. Financial Analysis Associate | Prudential Financial | Newark, NJ
Prudential Financial companies serve individual and institutional
customers worldwide and include The Prudential Insurance Company of
America, one of the largest life insurance companies in the United
States. These companies offer a variety of products and services,
including life insurance, mutual funds, annuities, pension and
retirement-related services and administration, asset management,
banking and trust services, real estate brokerage franchises, relocation
services and, through a joint venture, retail securities brokerage
services. For more information, visit http://www.prudential.com.
The Legal Fee Processing and Reporting Team within LCBE Finance has an
opening for an energetic individual to contribute to the development of
new, and improvement of, existing processes and standardized controls to
provide accurate and timely reports and to help maintain solid
partnerships with law firms.
The Legal Fee Processing and Reporting Team is responsible for
processing all transactions related to our use of outside counsel,
recording and reporting those transactions for internal management
reporting utilizing PLS, and for Company financial reporting from
ledger. This includes payment processing, development and posting of
accruals, posting litigation reserves, computing and posting recoveries
for fees charged back to businesses, reconciling retainers and analyzing
the results of alternative fee arrangements, helping to develop Division
and business unit budgets, and analyzing actual to plan results
organizationally, functionally and by business. The Senior Financial
Analysis Associate will be expected to work comfortably with internal
Law Department applications and participate in their enhancement.
Job Responsibilities
May include but are not limited to the following:
- Consolidating and analyzing legal fee accrual data for posting on
ledger;
- Completing monthly reconciliation of general ledger accounts and
entries to the department's legal system (PLS)
- Monthly preparation of chargebacks to the business groups
- Compiling monthly reports to be distributed to senior management
- Preparing monthly journal transactions for accruals and expense
account adjustments;
- Entering and/or verifying fees in our internal record keeping systems;
utilizing the automated Accounts Payable feed in a timely manner to meet
the Enterprise standard for payment and to ensure accurate recording and
reporting in ledger;
- Processing foreign currency payments, wire transfers and check
deposits together with the necessary ledger journal transactions to
clear cash accounts;
- Working occasionally with representatives in law firms, Accounts
Payable and the Law Department to research outstanding legal fee bills;
resolving discrepancies on invoices submitted by the firms;
- Completing various ad-hoc requests and special projects as needed.
Job Qualifications
- College degree in accounting/finance preferred;
- Background in accounting/finance or experience in a Finance or
Accounts Payable reporting function;
- Familiarity with GAAP accounting, accrual accounting and performing
reconciliations;
- Familiarity with Oracle, or other ledger system preferred;
- Self-motivated and proactive;
- Strong PC skills with proficiency in Windows environment, Microsoft
Excel and Lotus Notes applications and comfort with creative use of
technology;
- Strong interpersonal skills with ability to work with Company and law
firm personnel at all levels;
- Strong attention to detail;
- Organized with ability to handle multiple tasks; strong leadership
skills
- Inquisitive and comfortable questioning processes;
- Team player.
Posting Manager's Comments:
The successful candidate must be highly motivated with a positive
attitude, committed to excellence and high standards, have the desire to
work as part of an integrated team, and the capacity to multi-task. The
Senior Financial Analysis Associate must become proficient in the daily
processing routine and how the daily activities relate to monthly
reporting, development of accruals and chargebacks. This individual will
be expected to be discrete in handling confidential information and have
excellent communication skills. This position offers good exposure by
allowing for frequent interaction with all areas of the Department,
outside counsel and business clients.
Overtime will be expected during periods of heavy volume, usually at
month end and especially at quarter end and for year-end.
Prudential is an Equal Opportunity/Affirmative Action Employer and is
committed to diversity in its workforce.
Any applicant selected for this position will be required to submit to
an extensive background screening and a credit check. Failure to comply
will eliminate an applicant from consideration for this position. Any
negative information obtained as a result of the background screening
may result in the disqualification of the applicant from this and any
other position in Prudential, including their current position if they
are an internal applicant.
To apply for this position, please copy and paste the following link
into your browser address bar:
http://prudential.contacthr.com/10719617
or submit your resume and salary requirements through our homepage at
https://jobs.prudential.com/apply_online_1.asp?jobid=1232085
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