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.
