Description and Requirements
This being a key position and has an active role consulting with the lines of business on accounting issues emerging with the new products launches, new pronouncements/ guidance from authoritative institutions (like IASB, FASB, AICPA, NAIC, SEC etc.), MetLife Accounting Policies, Policy Amendments, Mergers and acquisitions, etc. This position is responsible for researching technical accounting issues to determine the appropriate accounting treatment, as well as evaluate existing accounting within the business. The role also involves working on US GAAP closing & reporting procedures.
Job Responsibilities
Principal Responsibilities:
Technical Accounting
1. Learn about emerging accounting issues that may impact MetLife's reporting obligations under GAAP, IFRS and Statutory requirements.
2. Research technical accounting issues and accounting policy/procedure matters. Interpret and project the financial impact on Operations, on a US GAAP, IFRS and a statutory basis.
3. Prepare position papers presenting the Technical Accounting Group's interpretation of the accounting issues/ new product launch/ new contracts entered into by MetLife, provide application of appropriate guidance and conclusion on the accounting treatment.
4. Stay abreast of new accounting changes/developments. Analyze technical pronouncements and ask questions to gain an understanding. Evaluate and effectively communicate implications for MetLife of the proposed issue. Assist with implementation of new accounting pronouncements.
5. Participate in US GAAP & IFRS implementation projects having advanced level knowledge under ASC 944 (including LDTI) & IFRS 17.
6. Preparation of offline/Online accounting training presentations under U.S.GAAP and IFRS to provide trainings to employees
7. Ability to analyze the Financial Statements and perform concurrent reviews of MetLife's entities financial statements.
8. Conversion of financial statements from Local GAAP to US GAAP
9. Ensuring Quarterly and Annually SOX compliance of MetLife Operating Policies
10. Strong understanding of US tax
Customer Focus and Partnership
1. Partner with various units (Financial Reporting, Expenses, etc) in order to understand the accounting issues.
2. Provide timely and accurate guidance/assistance in evaluating accounting treatment/processes/procedures to various groups within the business.
3. Build relationship with TAG members from other business units. Work collectively with various groups to resolve complex issues.
Time/Project Management
1. Prioritize and focus to meet customer expectations and project deadlines.
2. Work under constant changing environment.
3. Manage multiple tasks to ensure all deliverables are completed by due dates.
Perform ad hoc tasks/projects
Work timing : 12 pm to 9 pm (IST)
Knowledge, Skills and Abilities
Education
• Chartered Accountant/ CPA
Experience
• Chartered Accountant with 2-4 years of post qualification experience (at least 1-2 years of experience in US GAAP/IFRS implementation is mandatory)
• Chartered Accountant with a CPA would be preferred
• Prior experience from a Big 4 firm would be preferred
Knowledge and skills (general and technical)
• 2-4 years of post qualification experience in audit preferably from a Big 4 firm (atleast 1-2 years of US GAAP/IFRS experience mandatory)
• Good understanding of accounting guidance. A willingness to analyze technical pronouncements and ask questions to gain an understanding. Sound technical and research skills as demonstrated by an understanding and practical application of various accounting guidance
• An inquisitive and logical thinking mind and strong analytical and problem solving skills.
• Strong interpersonal skills (independence and confidence to present views and perspectives).
• Excellent 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.
• Ability to handle multiple tasks/projects simultaneously, to prioritize and meet deadlines.
• 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 PeopleSoft a plus.
• Insurance industry experience preferred
Other Requirements (licenses, certifications, specialized training - if required)
• Not applicable
About MetLife
Recognized on Fortune magazine's list of the 2024 "World's Most Admired Companies" and Fortune World's 25 Best Workplaces™ for 2024, 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 individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.
Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by empathy, we're inspired to transform the next century in financial services.
At MetLife, it's #AllTogetherPossible . Join us!
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