MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company, better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with around 90 million customers in over 60 countries.
Supervisor – Reporting
- Noida, India
Description and Requirements
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Position Summary |
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The position is responsible for providing support to the Multinational Sales Team and Multinational Clients through the reporting and analysis of Financial and Non-Financial Information and providing general administration of pooling and/or captive clients.
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Job Responsibilities |
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Assistant Manager – Operations
Description and Requirements
Perform Accounting and system Reconciliation activities
• Run reports in EV cubus, Reserve Repository and perform basic analysis / comparison to previous months/quarters
• Monthly IBNA control reports, Annual Sch.H reports
• Perform variance analysis & effectively manage research/resolution/follow-ups for closure of open items.
• Preparation of Tax Quote Worksheets, RBC Reporting, Premium Reports, Monthly GAAP & STAT Reserve Trend Reports
• Preparation of various surveys for Reserves related to MetLife and other subsidiaries, to be filed with government agencies and non-government agencies (other rating agencies i.e. ACLI, Fitch, S&P, AM Best, and Moody etc.)
Insurance Associate
Country
India
Working Schedule
Full-Time
Work Arrangement
Hybrid
Relocation Assistance Available
No
Posted Date
24-Sep-2024
Job ID
4092
Description and Requirements
- Review Google for missing data elements.
- Initiate request for medical via system.
- Ability to prioritize and maintain quality.
- Clear and accurate written and verbal communication (Scripted and Templatized) with stateside resources by email
- Ensure assigned targets are met in accordance with SLA and Internal standards.
- Ensure quality of transaction is in compliance with predefined parameters as defined by Process Excellence
- Work as a team member to meet office goals to obtain disability’s vision while demonstrating core values and meeting key measures.
- Ability to communicate effective with stateside stakeholders via emails & calls to have logical discussion.
- Analyze, validate and process transactions as per Desktop procedures (L3 & L4) for complex & non-complex work types.
- Ensure adherence to established attendance schedules.
Assistant Manager – Operations
Description and Requirements
Rating, Fed and STAT Reporting process involves preparation of surveys for government and rating agencies like Fitch, Moody’s, S&P etc. He/she has to validate inputs from different departments, compile the information and validate STAT/ GAAP numbers from the system. Surveys are based on STAT and GAAP numbers. He/she is will also be responsible for supporting blue/orange book compilation and analysis which would also include preparing board presentations, packages, and open to quick learning adhoc task.
PRINCIPAL RESPONSIBILITIES:
- Learn about preparation of current Organization’s surveys coming from Government and different rating agencies.
- Validate the submissions coming from different departments in order to ensure that prepared surveys looks good.
- Analyze the financial on the basis of available data and facts and putting commentary for any significant variation or unusual trends.
- Learn about emerging accounting and reporting issues that may impact MetLife’s reporting obligations under statutory requirements.
- Respond quickly to the various queries of:
a)Regulators;
b) Internal and external auditors;
c) State side Managers and
d) Controllership - Partner with various units (i.e. accounting operations team, investment team, actuarial, interface owners etc.)
- Provide timely and accurate guidance/assistance in evaluating accounting and reporting treatment/processes/procedures to various groups within the business.
- Prioritize and focus to meet customer expectations and reporting deadlines.
- Work under constant changing environment.
- Manage multiple tasks to ensure all deliverables are completed by due dates.
- Perform ad hoc queries/reports as requested by state side managers/auditors/regulators/ controllers
COMPETENCIES/ SKILL REQUIREMENT
- Financial accounting/ reporting experience.
- Must have good understanding of STAT numbers as per NAIC guidelines and US GAAP numbers.
- Good understanding of accounting and reporting guidance. Sound technical and research skills as demonstrated by an understanding and practical application of various accounting and reporting guidance.
- An inquisitive and logical thinking mind and strong analytical and problem solving skills.
- Good communication skills, including effective and concise writing skills and verbal communication skills.
- Ability to quickly acquire an understanding of the organization’s operations and its accounting systems.
- Goal oriented.
- Ability to work independently and as part of a team.
- Proficiency with computer systems, PC’s and financial software applications. Proficiency in Microsoft Office software packages. Working knowledge of Blue-book a plus.
- Insurance industry experience preferred.
EDUCATION:
- Chartered Accountant with minimum 2 years of experience
WORK TIMING:
2 pm to 11 pm
Shift will be followed as per calendar agreed with state-side partners.
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