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VP, Corporate and Investments Technical Accounting

Date Posted: Feb 28, 2019

Location: NY, NY, US, 0

Company: MetLife

PositionVice President – Corporate and Investments Technical Accounting

 

Job Location: 200 Park NY, NY

 

Department:

This new leadership role reports to the Global Head of MetLife’s Technical Accounting Group (TAG).  TAG has the corporate-wide responsibility (1) to establish, monitor and provide assurance that the accounting policies of MetLife worldwide are in accordance with applicable authoritative guidance, (2) to partner with business unit personnel across all regions and lines of business to ensure timely and accurate implementation, interpretation and administration of these policies and (3) to influence standard setters to ensure prospective changes to accounting principles fully consider the views of MetLife and the insurance industry. 

 

 

The Role:

The Vice President – Corporate and Investments Technical Accounting will work closely with the Global Head of MetLife’s Technical Accounting Group in a leadership capacity to support strategic initiatives, including finance transformation, accounting standards change and adoption activities as well as to lead the implementation of best practices for operating a global accounting policy function on a day-to-day basis.

This is a global role and carries with it the responsibility for assisting the Global Head of MetLife’s Technical Accounting Group in managing and overseeing all of TAG’s responsibilities across all regional and topical areas of the global CFO organization, as well as having direct focus on SEC reporting, treasury, employee benefits, stock compensation, investments and fair value, derivatives and hedging, consolidation, foreign exchange, income taxes, M&A, planning & projections, and other areas. 

This role involves significant interaction with MetLife senior management with the CFO organization, as well as senior leaders within Global Technology and Operations, Legal, Employee Benefits, Marketing, and other Corporate areas.

 

Key Responsibilities:

The principle responsibilities of this position include:

•             Working closely with TAG and finance leadership to manage strategic initiatives, influence accounting standards adoption and implement and operationalize ongoing best practices

•             Managing the research, documentation and resolution of technical accounting issues in the following areas, primarily with respect to US GAAP and US STAT:

o             SEC reporting

o             Employee Benefits

o             Stock Compensation

o             Treasury

o             Investments and Fair Value

o             Derivatives and Hedging

o             M&A (Acquisitions and Dispositions)

o             Consolidation

o             Income Taxes

o             Other Corporate Functions

 

•             Partner with leaders in the above functional areas to ensuring the appropriate accounting for new business initiatives, new products and services, and other significant and/or non-standard transactions.

•             Serve as the primary technical accounting support to the SEC reporting team and SEC legal team with respect to 10-K’s, 10-Q’s and other filings of MetLife Inc and MetLife Insurance Company, coordinating the quarterly review of the completeness and technical correctness of (1) all changes to presentation and disclosures, (2) changes to written representations made by management to the Company’ external auditors, and (3) materiality analyses with respect to out-of-period items.

•             Ensure consistent application of existing accounting policies across all functional areas noted above, and also manage the development of new policies and modification to existing policies, as needed.

•             Keep up to date with new accounting developments in the above functional areas, and oversee the development of implementation guidance for new accounting pronouncements.

•             Take the lead role in drafting comment letters to accounting standard setters, actively participating in industry working groups involved in interpreting, analyzing and commenting on developments to accounting standards

•             Take the lead role in coordinating MetLife’s responses to SEC comment letters

•             Play a leading role in developing and delivering relevant and timely education and training sessions to finance and other personnel

 

Key Relationships:

  • Reports to: Steven Belcher, VP Technical Accounting
  • Direct reports/team: 2
  • Key Stakeholders: SEC reporting, Investments, Employee Benefits, Legal, Global Technology and Operations, M&A, Tax, Finance Operations

 

Candidate Qualifications:

   Essential Business Experience and Technical Skills:

  • 20+ years of experience within Finance in a global organization
  • CPA preferred, undergraduate degree required, MBA or other advanced degree also preferred
  • Proven technical accounting ability and experience of operationalizing accounting guidance
  • Strong track record of understand the “end to end” of the accounting process from Administration systems to financial reporting
  • Strong written and verbal communication skills with the ability to influence outcomes and gain team member and stakeholder buy in
  • Demonstrated ability to effectively drive change e.g. system consolidations, process automation
  • Critical thinker and highly analytical with ability to solve complex problems that include the application of both good business sense and common sense
  • Demonstrated strategic thinking and problem solving skills, ability to interpret data and synthesize complex issues to identify best solutions
  • Cultural awareness, with excellent interpersonal skills and ability to communicate effectively across all levels within the organization and external customers
  • Passion and drive for continuous improvement, transformational change, with a business owner mentality

   Leadership Competencies:

  • Thinks Strategically – Sets direction aligned to the company’s strategy, applying external and global perspective to meet local and global needs.
  • Creates Partnerships – Authentically builds trusted relationships and collaborates across global, diverse and multi-functional teams to successfully drive business objectives.
  • Seizes Opportunity – Seeks new opportunities and ways to create balanced business growth while improving operational capabilities.
  • Drives Results – Sets aggressive goals and is accountable for continuously driving improved performance, leading change and ensuring high standards.

 

MetLife:

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 help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.

 

We are one of the largest institutional investors in the U.S. with more than $500 billion in managed assets as of December 31, 2016. We are ranked #42 on the Fortune 500 list for 2017. In 2017, we were named to the Dow Jones Sustainability Index (DJSI) for the second year in a row. DJSI is a global index to track the leading sustainability-driven companies.

           

Our goal in everything we do is to offer customers truly differentiated value propositions that allow us to establish clear competitive advantages. We pride ourselves on being a trusted partner to our customers as they navigate life’s twists and turns. Visit us at www.metlife.com to learn more about our brand, history, and values.

 


 

 

 

MetLife is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

MetLife maintains a drug-free workplace.

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Requisition #: 105456