Associate Manager, Treasury - Liquidity Management & Borrowing (Hybrid) at Prudential Ins Co of America in Newark, New Jersey

Job Description:

Job Classification:

Finance & Accounting - Finance & Accounting

At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions!

Are you a highly motivated, resourceful individual with corporate finance knowledge?

As part of the Treasury department, the Liquidity Management & Borrowing team has an opening for an Associate Manager.This team's core responsibility is to manage and execute the company's funding strategy. In this role, you will have hands on management of the systems and operational processes that support Prudential’s debt activities. This includes settlement of commercial paper, issuance and record keeping of affiliated loans, and maintenance of the external debt programs. You will also have opportunities to lead process improvement projects and develop technology driven solutions to improve efficiency and analytics. Collaboration with various internal and external business partners (e.g. Commercial Paper traders, Legal, Cash Management, Fixed Income, Issuing Paying Agents, and Trustees) is also expected.

The current employee work arrangement for this position is Hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.

The position requires a start time of 8:00 AM and the flexibility to work additional hours, if needed.

What you can expect:

• Oversight of daily Commercial Paper activity which includes the following:
  -Ensuring settlement issues related to debt transactions are resolved in a timely manner.
  -Reconciliation of daily commercial paper packages are accurate and complete.
  -Team is efficiently communicating funding needs to Capital Market’s traders.


• Providing operational support to internal business partners to address their borrowing needs and ensure appropriate affiliate borrowing documentation is on file.


• Initiating and managing the principal and interest payment process for external debt as well as affiliated transactions.


• Reviewing areas of risk and define/implement security and control measures.


• Participating in development, testing and implementation of enhancements to debt management system, ATOM, Treasurer’s Portal, and Borrowing Limit Database.


• Assisting with the operational implementation, coordination, and settlement of new internal loan activity.


• Assisting with review and enhancement of internal business processes, including leveraging technology to further automate processes.

What you'll need:

• Bachelors Degree in Finance, Accounting, Economics, or Business Administration.


• 2-4 years related work experience in cash management, investment operations or finance.


• Strong organizational skills and the ability to manage multiple tasks to maintain an efficient processing environment.


• Excellent oral and written communication skills to effectively communicate with business partners, banks, and external service providers.


• Ability to apply sound business principles and practices to daily production activity and projects.


• Ability to conduct financial analysis for Prudential’s business units (i.e. trending and identification of cyclical patterns, variance analysis, cost benefit analysis, etc.).


• Problem solving and decision-making skills to respond to inquiries and processing issues in a timely manner.


• Demonstrate flexibility to cover other tasks on the team when needed.


• Ability to work well under pressure and meet tight deadlines in a team environment.

It'd be a plus if you had:

• Knowledge of Capital Markets operations including short-term debt and investment instruments

We know not everyone will meet 100% of the requirements, however we encourage you to apply if you think your skills are a good fit.

At Prudential, you can:

We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services including 1:1 Career advice, on demand resources and networking to propel your career forward.

We’re a global organization, full of outstandingly dedicated people who aren’t afraid to think differently, question the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.

What we offer you:

• 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


• Retirement plans:


• 401(k) plan with company match (up to 4%)


• Company-funded pension plan


• 
  Wellness Programs to help you achieve your wellbeing goals, 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.


• 
  Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.


• 
  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.

To find out more about our Total Reward 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.

One of the responsibilities of this position includes the processing of wire transfers.  In accordance with the Treasury Department Policies, any candidate selected for this position will be required to submit to an extensive background and credit check.  Failure to comply will eliminate a candidate from consideration for this position.  In addition, any negative information obtained as a result of the background screening may result in the disqualification of the candidate from this and any other position in Prudential Financial, including their current one if he/she is an internal candidate.

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Note: 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 $90,100.00 to $134,100.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. 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. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.

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

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 company's 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.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

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. 

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.

Please note that the above email is solely for individuals with disabilities requesting an accommodation.  If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.

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