Job Information
MetLife Director of Reporting and Financial Controls in United States
Director of Reporting and Financial Controls
City/Cities
Bloomfield, Bridgewater, Cary, Omaha, Oriskany, Tampa, Warwick
State(s)
Connecticut, Florida, Nebraska, New Jersey, New York, North Carolina, Rhode Island
Country
United States
Working Schedule
Full-Time
Commutable Distance Required
Yes
Travel Required
10%
Relocation Assistance Available
No
Posted Date
15-Apr-2024
Job ID
2038
Description and Requirements
Location - Virtual but commutable to a MetLife Hub. Tampa, FL; Cary, NC; Bridgewater, NJ; Omaha, NE; Oriskany, NY; Warick, RI; Bloomfield, CT
**Preferred location Tampa, FL.
In-office 1x per month.
The Team You Will Join
Retirement and Income Solutions (RIS) provides guaranteed income to individuals in a predictable and low risk way and helps companies reduce their risk and remain financially strong. The RIS business, one of the largest U.S. segments in MetLife, has a wide variety of risk solutions, investment, and annuity-type products.
The Role
We are seeking a transformational leader for this Reporting and Financial Controls Director role, that will drive efficiencies by re-engineering E2E processes, anticipate and adapt to change with agility, and develop versatile talent. This Reporting and Financial Controls director will support the Operations for Retirement and Income Solutions within GCSO, with a focus on leading the Financial Controls, Reporting and Billing units. The Financial Controls team is responsible for accurate financial reporting by ensuring the accounting from the administrative systems are appropriately recorded on the ledger. This also includes monitoring lockbox and wire receipts, recording incoming deposits, preparing manual journal entries, reconciling cash/suspense accounts. The reporting team is responsible for the production of monthly and annual financial statements for institutional investment contracts. This team is also responsible for administration of control reports and ensuring automated and manual customer facing correspondence is released as governed by SLA or compliance. The Billing Services team is responsible for performing accounting functions to record Service Agreement Benefit Payments and pre-tax deductions. This also includes the calculation of contractual expenses, service fees and the associated customer invoicing.
Key Re lationships :
RIS Controllers
Valuation and Actuarial
Separate Accounts and Global Investment Accounting
Client Relations
RIS Business Leadership, Legal & Compliance
Reports to: * *
- AVP RIS Operations Shared Services
Key Responsibilities :
Manage, coach, and develop personnel to ensure organizational alignment and succession planning is optimized.
Ensure that all relevant service standards and financial accountability goals are met consistently, and a high level of customer service is provided to both internal and external customers.
Oversee cash and suspense account reconciliations including assisting with researching unrecorded activity and clearing reconciling items timely.
Monitor month-end close processes to ensure successful and timely monthly closes
Ensure that monthly deliverables are met for expenses/transfers, month-end balance sheet certifications as well as waivers and/or write-offs as applicable.
Develop and ensure teams use standard repeatable business processes
Translate senior management vision and assist with developing the department’s vision, strategy, service levels, and business objectives. Communicates vision and strategy to staff
Propose, evaluate, and implement process improvements to increase efficiency and effectiveness
Partner with other operational areas to build strong working relations and improve workflow and organizational issues
Foster a strong risk culture where all internal and external audits, NFRAs and SII have been fully coordinated and thoroughly addressed within their specified timeframes. Identifies, locates, and provides needed training and resources.
Required Experience :
HS Diploma or equivalent required. Undergraduate degree required in Accounting, Business Administration or equivalent professional experience preferred. Bachelor's in management, business analytics, or field with significant analysis / critical thinking training.
Administrative process management experience and understanding of how to drive process improvements.
Strong stakeholder management skills and ability to navigate gaining buy-in from cross-functional teams, such as business, technology, and operations.
Experience managing organizational change, providing leadership, and delegating.
Strong communication skills including presentations.
Ability to lead an initiative from analysis to hypothesis design to solution development and evaluation of success.
Critical thinking, analytical and problem-solving skills used to identify opportunities / issues from insights.
The wage range for applicants for this position is $107,600 - $140,000. This role is also eligible for annual short-term incentive compensation. MetLife offers a comprehensive benefits program, including healthcare benefits, life insurance, retirement benefits, parental leave, legal plan services and paid time off. All incentives and benefits are subject to the applicable plan terms.
Benefits We Offer
Our U.S. benefits address holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer a comprehensive health plan that includes medical/prescription drug and vision, dental insurance, and no-cost short- and long-term disability. We also provide company-paid life insurance and legal services, a retirement pension funded entirely by MetLife and 401(k) with employer matching, group discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance, as well as Employee Assistance Program (EAP) and digital mental health programs, parental leave, volunteer time off, tuition assistance and much more!
About MetLife
Recognized on Fortune magazine's list of the 2023 "World's Most Admired Companies" as well as the 2023 Fortune 100 Best Companies to Work For ®, 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 (https://www.metlifecareers.com/ml/GreatPlaceToWork) . Join us!
Equal Employment Opportunity/Disability/Veterans
If you need an accommodation due to a disability, please email us at accommodations@metlife.com. This information will be held in confidence and used only to determine an appropriate accommodation for the application process.
MetLife maintains a drug-free workplace.