MetLife

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

Knowledge, Skills and Abilities

Education

·       Chartered Accountant 

·       Graduate in Accounting / Commerce / Business Administration 

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.

Knowledge and skills (general and technical)

• 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

Other Requirements (licenses, certifications, specialized training – if required)

·     Candidate should be well versed with accounting packages. Knowledge of People Soft, Hyperion, Revport and Electra etc. will be an advantage.

·     Knowledge of Lean Principles and its application in the process is preferred.

Working Relationships

Internal Contacts

(And purpose of relationship):

• Associate accountants for monitoring performance, escalation handling, clarifying concerns, and providing feedback and support
• Unit Manager/ Manager and AVP/VP for the purpose of settling issues left unresolved by self and monthly evaluation of performance
• Other AM/ TLs for seeking cooperation and best practice sharing
• Subject Matter Expert for work thread related issues and escalated transactions
• QCA for the purpose of feedback and audit
• Trainers for the purpose of Pre-process and Process training

·       Coordination with other teams within GOSC

External Contacts 

(And purpose of relationship) – If Applicable

·       SME / Trainers at the client end for training.

·       Liaise with stateside team for production related requirements.

·       Reporting and performance review connect with Stakeholders 

·       Client’s various lines of businesses for follow-up work for closure of open unreconciled accounting items.