Manage financial reporting, monthly financial close, treasury management, and expense reporting in support of MetLife's Investment Management operations. Responsibilities include journal entries, reconciliations, and reporting.
Description and Requirements
Position Summary
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)
Other Requirements (licenses, certifications, specialized training - if required)
• Candidate should be well versed with accounting packages. Knowledge of People Soft, Hyperion, Revport and Elecktra 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):
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 2024 "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!
#BI-Hybrid
Position Summary
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 Elecktra 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
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 2024 "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!
#BI-Hybrid
Top Skills
Elektra
Gaap
Hyperion
Ifrs
Excel
Peoplesoft
Revport
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