Manager

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 statement

oReview wires to move funds between MIM accounts

oDownload 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 Regions

oCreate Individual file for ASIA/EMEA/LATAM/Mr B and Alico

oSend emails based on distribution list (updated monthly if necessary) to regions.

oVerify that all AUM is present in Revport prior to running accruals

oRun monthly accrual for Privates, Private ABS, Resi WL, non-LCP High Yield and Index

oUpload 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 Revport

oPrepare month-end open invoices by client report

oPerform FX trades for non-USD wires in FXCM

oPerform monthly bank reconciliations for MIML GBP, MIML Euro and MIML USD accounts

oReconcile month end cash balances in Cadency using bank recs as support

oLiaise with CashRecUnit to resolve open items

oMonitor bank statement and identify cash receipts; facilitate processing in PeopleSoft

oCreate 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 plan

oCreate invoice for billing to counties

oCreate journal entries and to PeopleSoft

oExpense team approve journal entries

oSummary 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
• Extensive knowledge of billing application i.e. Revport (Broadridge)
• 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 "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!