Manage billing, financial reporting, month-end close, treasury/cash management, reconciliations and accruals for MetLife Investment Management. Prepare journals, bank reconciliations, expense and billing reports, liaise with cash teams, and ensure GAAP/IFRS compliance while supporting regional distributions and PeopleSoft postings.
Description and Requirements
Role Value Proposition
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
Technical Skills:
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
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.
About MetLife
Recognized on Fortune magazine's list of the "World's Most Admired Companies" and Fortune World's 25 Best Workplaces™, 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 our core values - Win Together, Do the Right Thing, Deliver Impact Over Activity, and Think Ahead - we're inspired to transform the next century in financial services. At MetLife, it's #AllTogetherPossible . Join us!
#BI-Hybrid
Role Value Proposition
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
Technical Skills:
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
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.
About MetLife
Recognized on Fortune magazine's list of the "World's Most Admired Companies" and Fortune World's 25 Best Workplaces™, 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 our core values - Win Together, Do the Right Thing, Deliver Impact Over Activity, and Think Ahead - we're inspired to transform the next century in financial services. At MetLife, it's #AllTogetherPossible . Join us!
#BI-Hybrid
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