Unit Manager - Operations

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

• 
  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.

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.