Job Information
Prudential Ins Co of America Analyst, Legal & Compliance Operations (Hybrid) in Newark, New Jersey
Job Classification:
Corporate - Legal and Compliance
At Prudential, we believe talent is key to achieving our vision. When you join Prudential, youll unlock a motivating and impactful career all while growing your skills and advancing your profession at one of the worlds leading financial services institutions!
Are you a detailed analytical mind familiar with legal operations and financials that can prepare and analyze data for senior leaders and streamline business processes?
The Law, Compliance, Business Ethics & External Affairs (LCBE) department of Prudential Financial seeks an Analyst, Business Measures within their Operations organization. This team is responsible for equipping attorneys and compliance professionals with the resources necessary to perform their unique job function as efficiently and effectively as possible.
The role will include preparation and detailed analysis of the departments financial plans, budgets, forecasting and ongoing monitoring and reporting. These activities will help LCBE monitor their financial standing and identify potential opportunities and risks. The expense management activities includes management of nearly 50 independent budgets that encompass both the departments Operating expenses as well as the Outside Counsel expenses.
In addition, the role will assist with a variety of department operations including Outside Counsel strategy, third party risk management, disbursement authorizations, real estate management, and other operations functions for efficiency and cost optimization. The candidate will work closely with LCBE leadership including SLT members, as well as our Finance department, Human Resources, and other corporate functions.
The ideal candidate will be very comfortable with financial data and analytics and can identify opportunities for new ways of working that improve processes and overcome potential operational or financial challenges. He/she must develop effective partnerships with other corporate functions including Finance, Human Resources, Sourcing & Procurement, and Corporate Real Estate, as well as ensure strong working relationships with the leaders of each functional Law and Compliance area. The candidate must also have the utmost integrity and ethics in handling sensitive and confidential data, a strong moral compass, and solid judgement.
The current EWA 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.
What you can expect:
Preparation and detailed analysis of the departments financial plans, budgets, forecasting and ongoing monitoring and reporting. These activities will help LCBE monitor their financial standing and identify potential opportunities and risks.
Regular monitoring and updating of the departments operating expenses including internal staffing and outside counsel. Reporting to department leadership on status of same.
Ownership of updates needed to the organization hierarchy, department codes, and cost center codes that impact effective expense management and business unit allocations. Collaboration with HR and Finance on alignment of same.
Support the Outside Counsel strategy on when and how external firms are engaged most efficiently and cost effectively. Includes liaising with more than 100 department attorneys and outside counsel firms. Also includes the operations associated with outside counsel matter management, invoice processing and wire transfers, and vendor contracts.
Ability to leverage technology platforms that produce expense reporting, including training and guidance to department leaders on use of same.
Ownership for the LCBE Fact Sheet, the departments global statistics on staffing, for use by the General Counsel for industry benchmarking assessments, speaking engagements and media inquiries. Includes data collection, input, and validation.
Assisting the Third Party Risk Management manager to support outside counsel and lobbying firms vendor governance procedures.
Coordination with Corporate Real Estate on workspace and real estate needs of the department including host and non-host properties.
Coordination with Sourcing & Procurement on the Enterprise Disbursement Authorization Requirements necessary for LCBE and management of new authorization requests.
Understanding and application of enterprise or departmental policies that impact LCBE operations such as the attorney licensing policy and DAR signing authority, among others.
Flexibility and comfort with new or changing project assignments, given the role adapts to client needs and Enterprise changes to the operating model and expense management practices.
What youll need:
Bachelors Degree, with 5+ years of total work experience.
Deep understanding of corporate expense management practices and budgets.
Exceptional Excel skills with strong attention to detail. Comfort and enthusiasm to manage large data sets, develop reporting, and analyze potential risks and opportunities.
Proven capacity to think creatively and reengineer existing processes to solve challenges or drive improvements.
Accountability for completion of assigned deliverables with minimal oversight.
Comfort in dealing with all management levels and ability to influence others.
Itd be a plus if you had:
Understanding of legal operations or past experience working within a law firm or corporate law department.
Familiarity with existing Law technology platforms including TeamConnect and iManage.
Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role,...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity