Description And Requirements
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:
oReview daily bank statementoReview wires to move funds between MIM accountsoDownload the monthly bank statements identified accounts. Identify the monthly bank fees and interest debits and credits and prepare monthly journal entries for Finance review.oDuring monthly/quarterly close, download actual general ledger balances using HFM, format and send to Whippany to review.oDistribution of Expense Projection Reports to RegionsoCreate Individual file for ASIA/EMEA/LATAM/Mr B and AlicooSend emails based on distribution list (updated monthly if necessary) to regions.oVerify that all AUM is present in Revport prior to running accrualsoRun monthly accrual for Privates, Private ABS, Resi WL, non-LCP High Yield and IndexoUpload the RE Equity & LP Funds monthly accrual template; run the monthly accrual.oRun the “Accrual compare report” to do a comparison of the current month’s accrual to the prior month.oDownload the monthly transaction report out of Revport.oMonitor bank statement for cash payments; apply payments against invoices in RevportoPrepare month-end open invoices by client reportoPerform FX trades for non-USD wires in FXCMoPerform monthly bank reconciliations for MIML GBP, MIML Euro and MIML USD accountsoReconcile month end cash balances in Cadency using bank recs as supportoLiaise with CashRecUnit to resolve open itemsoMonitor bank statement and identify cash receipts; facilitate processing in PeopleSoftoCreate dynamic reports from monthly GA detail of expense, AUM, basis points (bps)oReports by segment, expense type and asset sector with comparisons to actuals, projection and planoCreate invoice for billing to countiesoCreate journal entries and to PeopleSoftoExpense team approve journal entriesoSummary 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.
About MetLife
Recognized on Fortune magazine's list of the 2025 "World's Most Admired Companies" and Fortune World’s 25 Best Workplaces™ for 2024, MetLife , through its subsidiaries and affiliates, is one of the world’s leading financial services companies; providing insurance, annuities, employee benefits and asset management to individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by empathy, we’re inspired to transform the next century in financial services.At MetLife, it’s #AllTogetherPossible . Join us!
