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Vice President - Insurance LDTI

Date Posted: Feb 27, 2019

Location: New York, NY, US, 0

Company: MetLife

PositionVice President – Insurance LDTI

 

Job Location: New York, 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:

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 Vice President – Insurance Accounting will work closely with the Global Head of MetLife’s Technical Accounting Group in a leadership capacity to support strategic initiatives, including accounting standards change and adoption activities (e.g., US GAAP, IFRS, US Statutory Accounting Principles), technical review of insurance accounting matters relevant to current core reporting, and implementation of best practices for operating a global accounting policy function on a day-to-day basis.

 

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.  Initial key areas of focus will include technical leadership and support of implementation efforts for US GAAP Long-Duration Targeted Improvements and IFRS 17 - Insurance Contracts.
  • In conjunction with the implementation of IFRS 17 and US GAAP Long-Duration Targeted Improvements, specific responsibilities to include:
  • Managing the research, documentation and resolution of insurance technical accounting issues
  • Oversee the Global development of implementation guidance
  • Play a leading role in developing and delivering relevant and timely education sessions to finance and other personnel
  • Coaching and training members of the finance organization to be future thought leaders
  • Increasing skillsets and core competencies of a wide range of finance professionals
  • Managing the research, documentation and resolution of technical accounting issues in conjunction with M&A activities, planning and projections, and US Statutory Accounting Principles.
  • Taking a lead role in drafting comment letters to regulators and accounting standard setters, actively participating in industry working groups involved in interpreting, analyzing and commenting on developments to US GAAP, IFRS, and US STAT insurance accounting standards.
  • Serving as an insurance subject matter specialist in advising and assisting TAG segment and line of business leaders in researching, documenting, and resolving insurance technical accounting matters

 

Key Relationships:

  • Reports to: VP Technical Accounting
  • Direct reports/team: TBD
  • Key Stakeholders: Chief Accounting Officer, SVP External Reporting and Technical Accounting, SEC reporting, Global Technology and Operations, M&A, Tax, Finance Operations

 

Candidate Qualifications:

 

Essential Business Experience and Technical Skills:

  • Demonstrated ability to lead and motivate teams through periods of change, analysis of complex accounting and issues and transactions and drive implementation of global best practices and procedures
  • Strong presentation skills – ability to explain and summarize complex concepts in accurate and practical terms, describe economic impacts, alternative accounting treatments and associated cost / benefits to senior stakeholders
  • Ability to work across global organization to lead and guide end to end management of accounting and reporting matters, including strong documentation and review of accounting alternatives and decisions
  • At least 10-15 years of experience within an accounting policy function or similar group.
  • Broad and deep insurance technical accounting and financial reporting experience, including experience across global insurance industry practices, as well as SEC, US GAAP, US Statutory, and IFRS requirements
  • CPA license required to be maintained, Undergraduate degree required, MBA or other advanced degree preferred

 

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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