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Team Leader - Operations

Date Posted: Jul 2, 2021

Location: Noida, IN, 0

Company: MetLife

Team Leader - Operations

 

Position Summary

 

 

This position is responsible for a wide range of functions related to Record to Report and General Accounting. It includes  (i) Providing support to Client Reporting Team (ii) Overall responsibility to meet key metrics including SLA`s (iii) Providing support to client on ad-hoc tasks (iv) Planning and monitoring execution of deliverables (v) Provide active support in conducting Monthly and Quarterly Business Reviews.

 

 

 

 

 

 

 

 

 

 

 

 

  1. Month end close call to ensure all month end entries for reinsurance group has been posted.
  2. Perform Accounting and system Reconciliation activities
  3. Run reports in Hyperion and perform basic analysis / comparison to previous months/quarters
  4. Cash Flow, Liquidity reporting
  5. Perform variance analysis & effectively manage research/resolution/follow-ups for closure of open items.
  6. Preparation of footnote.
  7. Assist with monthly financial reporting, such as booking accounting entries, setting up wire transfers in TWS and balance sheet certifications. Ensure overall governance and highlight/escalate potential issue
  8. Cater to STAT and GAAP requirement for reporting and analysis for reinsurance
  9. Document administration and financial reporting workflows and recommend improvements to these processes where appropriate
  10. Prepare internal MIS and analytics relating to reinsurance Inquiries highlighting resource utilization and turnaround time and provide tracking of audits (Reinsurance, D&T, SOX, and State exams).
  11. Perform research relating to queries raised by reinsurers, auditors, etc. and assist with preparing timely responses
  12. Prepare monthly reports summarizing experience under all reinsurance treaties for the current month/ YTD
  13. Prepare CMMI documentation for audit and knowledge about PPM and other internal reporting is required.
  14. Preparation of Management reports for internal review by higher management.
  15. Prepare periodic reinsurance settlements by compiling data from the ledger, direct administration systems, the reinsurance data mart, valuations and various other internal sources
  16. Assist with the analysis of current and historical financial results for reinsurance business; design and prepare reports/studies that will enhance the analysis. Answer issue based queries to Reinsurance Controllers relating to analytics.
  17. Assist with the implementation of new treaties in the ERDR system
  18. Review work performed by Team leaders/ Assistant Manager and find opportunities to improve and simplify process using Lean & Six Sigma.
  19. Finalizing Year-end performance of Associates and team leads rolling under him.
  20. Conduct regular 1-o-1 with his directs and documenting the same.

 

 

Knowledge, Skills and Abilities

 

 

Education

  • Qualified Chartered Accountant with at least 15 years of education and 1-2 years of experience.
  • MBA Finance/ M. Com with 5-7 years of experience.

 

Experience

  • Experience in Accounting, reporting and closing.
  • Experience in SEC, SOX & Regulatory reporting.
  • 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)

Ensure closure of all month-end activities within stipulated time with 100% accuracy. Understand the complexities involved in treaty settlement and captive reporting and ensure seamless submission of reporting templates to different stakeholders. Should be proficient in Microsoft office tools. Ensure that the assigned targets are met in accordance with SLA and Internal standards. Ensure that the quality of transaction is in compliance with predefined parameters as defined by Process Excellence. Research & Analytical skill is required.

 

  • Should have Finance Background
  • Prior Experience in Closing & Reporting process
  • Financial Statement Consolidation
  • Exposure to consolidation application / or tier one GL system
  • Should be proficient in Microsoft office tools.
  • Should have knowledge to ensure quality of transactions is in compliance with predefined parameters.
  • Should possess excellent follow-up and coordination capability
  • Ability to gather, manipulate and analyze information and data
  • Ability to manage multiple tasks and task prioritization
  • Ability to find creative and innovative business solution.
  • Strong interpersonal skills
  • Self-motivated, well organized and flexible with a sense of urgency approach
  • Must be a problem solver and take self-initiative
  • Should possess excellent follow-up and co-ordination ability as process involves daily unstructured and complex interaction with state-side partners and external reinsurers.

 

 

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

 

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.