Description and Requirements
This role would manage the timely and accurate financial information for Management, Board of Directors, APRA and Policyholders. It would also be a valued contributor to the development and implementation of business strategy.
Principal Responsibilities:
- Produce all local regulatory reports on time and without material error on a monthly, quarterly and annual basis.
- Produce quarterly statutory Financial Statements for Management, Board of Directors and APRA.
- Produce year end consolidated audited statutory Financial Statements including all the notes for Management, Board of Directors and APRA.
- Prepare and co-ordinate all APRA and ABS returns on time and without material error on a quarterly and annual basis.
- Le ad annual audit, answer internal and external auditors' queries.
- Review monthly gross premium and host meeting with stakeholders: Pricing; Reinsurance; FP&A; Actuary; Group Admin.
- Review monthly Investment portfolios position, liaise with PAM (Tampa/GOSH teams), and implement derivatives accounting when required.
- Assist with the monthly and quarterly close process and Regional reporting for USGAAP reporting.
- Ensure quarterly group reporting requests are submitted on time with good quality.
- Prepare and review monthly reconciliations, as required.
- Partnering closely with the Actuarial team to provide analytical insights on business performance.
- Ensure monthly Australian journals are prepared / reviewed in a controlled manner and are free from material misstatement.
- Maintain appropriate systems of internal control.
- Coordinating and maintaining the financial/ management accounts and general ledger systems to ensure the maintenance of a common information base.
- Analysis and Implementation of new accounting standards, where required.
- Train new staff members.
- PeopleSoft journal and payment approval, CitiDirect payment approval, and other banking processes
- Participation in ad hoc projects, as required.
Knowledge/Skills/Competencies Required:
- Skills and experience in Statutory and Regulatory reporting
- Good working knowledge of Australian and US GAAP accounting principles and practices;
- Ability to analyse and communicate financial information.
- Thorough knowledge of Insurance industry, Life Insurance Act and Accounting Standards.
- Computer literacy - with a sound knowledge of accounting software and spreadsheet programs.
Qualification Required:
- At least 3+ years of relevant experience in the full range of either financial and/ or management accounting activities - including general accounting, financial analysis and reports - coupled with recognised professional qualifications (CA/CPA).
Key Business Relationships:
- Internal - CEO, CFO, Financial Controller and Business Heads, Pricing; Reinsurance; FP&A; Actuary, Company Secretary; Internal Auditor; Regional Controller; Regional Tax.
- External - External Auditors, APRA, Government Officials, Bank Officials, Customers and Suppliers.
Benefits We Offer
When you join MetLife Australia, you are joining a company that demonstrates holistic care and wellbeing for employees with benefits and programs that address physical, mental, social and financial health. We offer life insurance benefits, generous paid parental leave, market leading menopause and fertility leave, car leasing and more. As well as Employee Assistance Program (EAP), access to 360Health medical support, volunteer leave and study assistance.
About MetLife
Recognised on Fortune magazine's list of the 2024 "World's Most Admired Companies", Fortune World's 25 Best Workplaces™ for 2024, as well as the Diversity Council of Australia Inclusive Employer Award 2023-2024, 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 p urpose and guided by empathy, we're inspired to transform the next century in financial services.
At MetLife, it's #AllTogetherPossible . Join us!
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What We Do
Named one of Fortune’s “World’s Most Admired Companies,” MetLife is leading the global transformation of an industry we’ve defined for more than 150 years. At MetLife, every innovation and line of code is a lifeline for our customers and their families—from victims of natural disasters to people living with disabilities and beyond. With operations in more than 40 markets and leading positions across the globe, MetLife’s building a workforce of diverse and empowered voices that all belong. Join our remarkable journey—one in which you help write the next century of innovation in financial services—because with MetLife, making the world a better place is All Together Possible.
Why Work With Us
At MetLife, you’ll be working for a company whose purpose is to help customers throughout their life’s journey, and often in their most critical time of need. You’ll be a part of developing leading-edge platforms that will have a lasting impact on the lives and well-being of tens of millions of customers.
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