Jackson National Life Insurance Company® Moves to Princeton Financial Systems’ PAM Accounting System

PRINCETON, N.J.--(BUSINESS WIRE)-- Princeton Financial Systems, a global leader in providing accounting, compliance and reporting solutions to the investment industry, today announced that as part of its continued growth in the North American market, it has signed on Lansing Michigan-based Jackson National Life Insurance Company (Jackson^®) to its PAM for Securities system for investment accounting and PAM InfoHub, which provides easy access to all stored data making reporting easy and efficient.

PAM for Securities is a comprehensive investment accounting and management system that supports international accounting and reporting requirements for a diverse range of assets and portfolio types. PAM InfoHub uses InfoStream Publish/Subscribe technology to provide reporting data on a near real-time basis, reducing the time to create multi-currency and multiple accounting basis reports.

“We conducted extensive due diligence to ensure we had the most comprehensive system for our US-based fixed income securities portfolio accounting,” explained Mark Stewart, Director of Investment Accounting for Jackson. “As a leading investment accounting system, PAM will provide us with the ability to easily import projected cash flows that would impact amortization and book-yield calculations, as well as the additional functionality of seamlessly exporting information to a variety of different sources.”

Christian J. Farber, Senior Vice President of Princeton Financial Systems, said, “PAM for Securities is designed to provide a comprehensive, efficient solution for firms managing complex portfolios. We are looking forward to seeing Jackson benefit from PAM’s sophisticated functionality.”

About Princeton Financial Systems

Princeton Financial Systems, a State Street company, is a leading provider of investment accounting, investment compliance, data management, performance measurement, and reporting solutions to the global investment industry. Our solutions are used worldwide by over 430 leading investment managers, custodians, insurance companies, pension funds, hedge funds, and banks in more than 40 countries.

Our PAM family of systems are leading international investment accounting solutions that support the accounting needs of +370 clients around the globe. Seven of the world’s biggest global custodians monitor investment compliance with MIG21 powered by its LawCards suite of rule libraries for global compliance.

Princeton Financial Systems, headquartered in Princeton, NJ, has offices located throughout the United States, Canada, France, Germany, the Netherlands, Switzerland, the United Kingdom, Malaysia, and Singapore.

For more information, visit Princeton Financial Systems’ website at www.pfs.com.

Princeton Financial Systems
Michele Boudway, +1-609-514-4576
Global Marketing
Fax: +1-609-750-4851
mboudway@pfs.com
or
River Communications, Inc.
Justin Meise, +1-914-686-5599
jmeise@riverinc.com

Source: Princeton Financial Systems