MetLife

Basic Function

Perform a variety of accounting reconciliation functions to financial information in an accurate and timely manner. Follow-up with banks and lines of business at client-end for closure of accounting open items. Maintain data and records in accordance with generally accepted accounting principles and reporting requirements. Produce monthly reconciliation statements & preparing metrics.

Meets quality and customer service expectation levels set by the company

The key deliverables of the role will include but will not be restricted to the details below:

Essential Functions / Responsibility

• Familiarity with financial markets, market instruments (equities, fixed income, structured products, etc.), and investment principal and fixed income lifecycle (bond issuance, call, redemption, maturity, etc.)

• Understanding of accounting of financial instrument activities (purchase, sales, income, etc.)

• Excellent analytical skills: The ability to interpret complex financial data and provide insights that can help drive solutions

• Knowledge for all accounting Principles – GAAP, STAT & IFRS

• Knowledge of Structured Bonds – CMO, ABS & MBS

• Analyze and research for all discrepancies in setup of financial instruments on the sub-ledger

• Perform sub-ledger system setups including but not limited to portfolios, banking information, asset information and market reference data

• Handling all ServiceNow ticket related to admin work like updating the fields in the sub-ledger system

• Investigate and resolve outstanding item. Prepare financial metrics and provide to stakeholder for review & sign off

• Perform custody bank to sub-ledger reconciliation

• Ability to read and understand requirement documents such as NPA (Note Purchase Agreement) for newly purchased private placement securities

• Follow-up with banks and other internal customers for closure of open items and provide back-ups for all discrepancies

• Perform mid-month, month-end and quarter-end activities as per documented procedures

• Ensure that the assigned targets are met in accordance with SLA and Internal standards

• Ensure that the quality of transaction is following predefined parameters as defined by Process Excellence

• Identify any process improvements in daily and monthly tasks to improve efficiency 

• Flexible to collaborate with different team members to improve, streamline and re-invent work processes

• Ensure adherence to established attendance schedules

• Meticulous in the validation, presentation and communication of results

• Respectful of deadlines, discipline and process, yet flexible and pragmatic within a growing business

• Capable of working autonomously or with a team, and of balancing own initiative with advice from others

• Able to navigate through complex problems and organizations to achieve results and deliver solutions

• Experience in running and deployment of Alteryx workflow

Knowledge, Skills and Abilities

Education • Graduate in Accounting / Commerce / Business Administration with at least 15 years of education

Experience • Professional from operations with at least 8+ years working experience. Four years and above experience in financial services, accounting /reporting preferred. Understanding of accounting and Insurance Industry products is a mandate.

Knowledge and skills (general and technical) • Education - College (Post Graduation) M. Com, M.B.A (In Finance)

• Education - College (Graduation) B. Com

• Exposure to Various Reconciliations type

• Skills - Customer Service

• Skills - Problem Solving/Analytical Ability

• Performance Management Skills

• Judgement & Decision Making

• Skills - Handle Multiple Tasks/Time Management

• Strong communication & analytical skills required

• Skills - Spoken English

• Keyboard Accuracy

• IT Background (Office365, Alteryx, SQL query, Copilot and PowerApps)