Month-End Close and Accruals
- Execute monthly accrual bookings for premiums, commissions, and claims.
- Review and validate month-end reports; perform trend analysis and flag anomalies.
- Manage booking of
reinsurance-re
lated accounting entries and coordinate with the finance team for ledger closures.
2. Reinsurance Statement Preparation & Settlements
- Prepare and reconcile
monthly/quarte
rly/annual reinsurance statements.
- Manage settlement of reinsurance balances including wire transfers, clearing entries, and follow-ups.
- Ensure accuracy of treaty data for multiple countries and formats.
3. Stakeholder & Query Management
- Resolve queries received from reinsurers, controllers, and internal stakeholders.
- Collaborate with local finance offices to ensure completeness of input data.
- Liaise with reinsurers for data c
larifications,
follow-ups, and settlement
confirmations.
4. Reporting & Audit Support
- Prepare quarterly and annual reports for internal and external stakeholders.
- Support internal and external audit requirements, including documentation and data validation.
- Ensure compliance with treaty terms and internal controls.
5. Testing & Process Improvements
- Perform UAT (User Acceptance Testing) for new models, systems, and reporting templates.
- Validate changes in data templates or DB models (e.g., MS Access database) used in reinsurance calculations.
Identify opportunities for automation, process improvement, and documentation updates.
About MetLife
Recognized on Fortune magazine's list of the "World's Most Admired Companies" and Fortune World’s 25 Best Workplaces™, MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies; providing insurance, annuities, employee benefi