MetLife

Role Value Proposition
Support the MIM Finance organization in the area of billing, finance, accounting and reporting activities for MetLife’s Investment Management business.  Specific areas of responsibility include - Financial reporting, Financial close, Treasury / Cash Management and Expense reporting. 

Financial Reporting: Provide analysis to support for Revenue by account and by client and US GAAP/ IFRS

Monthly / Quarterly Financial Close:  

o    Review daily bank statement

o    Review wires to move funds between MIM accounts

o    Download the monthly bank statements identified accounts. Identify the monthly bank fees and interest debits and credits and prepare monthly journal entries for Finance review.

o    During monthly/quarterly close, download actual general ledger balances using HFM, format and send to Whippany to review.

o    Distribution of Expense Projection Reports to Regions

o    Create Individual file for ASIA/EMEA/LATAM/Mr B and Alico

o    Send emails based on distribution list (updated monthly if necessary) to regions.

o    Verify that all AUM is present in Revport prior to running accruals

o    Run monthly accrual for Privates, Private ABS, Resi WL, non-LCP High Yield and Index

o    Upload the RE Equity & LP Funds monthly accrual template; run the monthly accrual.

o    Run the “Accrual compare report” to do a comparison of the current month’s accrual to the prior month.

o    Download the monthly transaction report out of Revport.

o    Monitor bank statement for cash payments; apply payments against invoices in Revport

o    Prepare month-end open invoices by client report

o    Perform FX trades for non-USD wires in FXCM

o    Perform monthly bank reconciliations for MIML GBP, MIML Euro and MIML USD accounts

o    Reconcile month end cash balances in Cadency using bank recs as support

o    Liaise with CashRecUnit to resolve open items

o    Monitor bank statement and identify cash receipts; facilitate processing in PeopleSoft

o    Create dynamic reports from monthly GA detail of expense, AUM, basis points (bps)

o    Reports by segment, expense type and asset sector with comparisons to actuals, projection and plan

o    Create invoice for billing to counties

o    Create journal entries and to PeopleSoft

o    Expense team approve journal entries

o    Summary for billing by revenue and AUM by legal entity rollup, by region, profit

Education:

Chartered Accountant

Graduate in Accounting / Commerce / Business Administration

Technical Skills:

Exposure to Various Reconciliations type

Basic Understanding of Insurance Products

Intercompany Settlements/ Reconciliation

GAAP and IFRS

Basic & Advance MS Excel (Vlookup, Pivot Table, Sumifs, basic VBA coding etc.)

Monthly Accruals Booking and Clearing

Skills - Customer Service

Skills - Problem Solving/Analytical Ability

Judgement & Decision Making

Skills - Handle Multiple Tasks/Time Management

Strong communication & analytical skills required.

Skills - Spoken English

Experience in Investments accounting experience a plus.

IT Background (MS Office)

Performance Management Skills

Experience: Professional from the Operations with at least 6+ years working experience. Four years and above experience in financial services accounting/reporting preferred. Understanding of accounting and Insurance Industry products is a mandate.