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Manager - Reinsurance Reg. Reporting

Date Posted: Jul 17, 2021

Location: Noida, IN, 0

Company: MetLife

Manager - Reinsurance Reg. Reporting

 

Job Description – Reinsurance Reg. Reporting

 

Position Title:

Manager

Function, Responsibility Level: N/A

 

 

 

Reports to (Responsibility Level):

SM/ SDL

 

Supervises:

TL/ AM’s

 

Location:

Noida

Global Grade:

11

India Cost Center (85 series):

85025750

Complexity:

C5T5

PID/s Load Mapping:

 

 

Position Summary

 

 

 

Controls, Analysis and Reporting (CAR) is primarily responsible for ensuring the fair, accurate, and timely reporting of MetLife’s financial results on both a GAAP and statutory basis.  The reinsurance reporting team is a highly specialized team of experienced accountants and analysts with diverse knowledge that also seek out solutions to new reporting requirements and streamlining of existing processes.   In this senior role in the reinsurance team, you will partner closely with business partners in various other CAR reporting teams, as well as other internal teams, in order to provide accurate and timely reinsurance analytics.  Reinsurance analytics will be required on a treaty, legal entity and line of business basis for the income statement and balance sheet for both GAAP and STAT.  This senior role will also ensure the analysis is complete, provides business reason for variances and appropriate controls are in place.  

 

 

Job Responsibilities

 

 

  • Performs tasks related to monthly variance analysis and ad hoc requests. 
  • Build and run reports in CUBUS and GRDR and create/refresh variance analysis reports to be populated by various teams.
  • Coordination with the lines of business, administrative areas and actuaries in the timely and accurate completion of reinsurance analysis.
  • Prepare and provide documentation as needed to SOX, outside auditors, and internal auditors and handle ad hoc request as they arise. 

Responsible for seeking out process improvements, ongoing initiatives and projects and communication with management on progress of such items

 

Knowledge, Skills and Abilities

 

 

Education

  • Qualified Chartered Accountant with at least 15 years of education and 5-7 years of experience.
  • MBA Finance/ M.Com with 7-9 years of education.

 

Experience

  • Experience in Accounting, reporting and closing.
  • Experience in Accounting, treaty administration and closing and reporting related activities
  • Should have experience in handling end to end month end activities ranging from booking of accrual, processing payments through wire etc.
  • Investigate, resolve and reconcile outstanding balances and items.
  • Minimum 1 year of work experience in a related field is required as Manager. Overall experience of 5-7 years is required in similar industry and related profile

 

Knowledge and skills (general and technical)

  • 8 or more yrs. financial reporting and or accounting experience.
  • Knowledge of STAT and GAAP accounting practices/procedures.
  • Excellent oral, written and interpersonal communication skills, strong analytical and problem-solving skills. 
  • Ability to work effectively as part of a team as well as independently, ability to handle multiple tasks and ability to meet deadlines.

Highly proficient in excel.

 

Other Requirements (licenses, certifications, specialized training – if required)

  • Candidate should be well versed with accounting packages used in industry like Cubus, BI, People Soft, Cadency etc
  • Knowledge of Lean Principles and its application in the process is preferred.
  • LOMA Certified is preferred

 

Working Relationships

 

Internal Contacts

(and purpose of relationship):

 

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External Contacts

(and purpose of relationship) – If Applicable

 

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Enclosures:

 

MetLife Values :

Our purpose and values

Our purpose is why we are in business and reflects what we stand for and believe in. Our purpose is to help people pursue more from life. Our values are how we achieve that purpose, through an expression of who we are, what we stand for as a company and how we conduct our business:

Customers First

Put Customers First
Caring for and respecting customers is core to everything we do. It defines our work and shapes the culture for our people, radiating out to our shareholders and communities.

Be The Best

Be The Best
We are relentless in our search for new and better ways of doing things. As a leader in our industry, we constantly raise the bar, take calculated risks and learn quickly from our mistakes.

Make Things Easier

Make Things Easier
Products in our industry aren't always easy to understand. That's why we are always looking for simpler ways to connect customers to the best solutions. By doing this, we aim to exceed their expectations and build trust.

Succeed Together

Succeed Together
United by our purpose, we live by a collective commitment to honesty, integrity and diversity. We are open and inclusive, proudly taking and applying the best ideas from every part of our company.

 

 

               

 

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 ranked #44 on the Fortune 500 list for 2019. In 2019, we were named to the Dow Jones Sustainability Index (DJSI) for the fourth year in a row. DJSI is a global index to track the leading sustainability-driven companies.      

 

MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world.

 

MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to 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.