Reinsurance Accountant

MetLif; Sydney; On-site; AUD 110,000 - 150,000; Full time

Benefits offered by this job

Life insurance

Parental leave

Menopause leave

Car leasing

Employee Assistance Program (EAP)

360Health medical support

Volunteer leave

Study assistance

Job summary

MetLife Australia is seeking a detail-oriented Reinsurance Accountant to join the Finance team in Sydney. You will manage overseas and affiliate insurance transactions, perform cash and accrual accounting, and lead reconciliations with reinsurers and internal partners.

The role concentrates on accurate financial reporting, settlements, and governance preparation while leveraging tools like GRDR, PeopleSoft and Alteryx. A collaborative, high‑performing environment awaits.

Qualifications

• Tertiary qualification in Accounting, Finance or a related discipline.
• Demonstrated experience in financial accounting, reconciliations and month-end activities.
• Intermediate to advanced Microsoft Excel skills.
• Strong analytical ability and attention to detail.
• Proven ability to manage competing priorities and meet deadlines.
• Excellent communication and stakeholder management skills.
• Demonstrated initiative, accountability and commitment to delivering high-quality outcomes.
• Confidence using AI-enabled productivity tools to support research, analysis, documentation and day-to-day work, with a commitment to using these tools responsibly.

Responsibilities

• Process and account for overseas and affiliate insurance business transactions in accordance with established procedures.
• Perform cash and accrual accounting activities using GRDR and PeopleSoft.
• Prepare and process commission accruals, settlements and related accounting entries.
• Obtain and reconcile bordereaux statements from reinsurance partners.
• Monitor outstanding balances and proactively follow up on settlement activity.
• Prepare and analyse monthly commission charges payable on MetLife products.
• Maintain general ledger accounts and perform balance sheet reconciliations.
• Complete bank reconciliations and investigate reconciling items.
• Reconcile GRDR balances to the General Ledger and resolve variances.
• Partner with Client Services, Accounts Payable and other stakeholders to resolve processing and settlement issues.
• Prepare supporting papers for governance and credit control forums.
• Generate valuation and statistical reporting data using Alteryx.
• Identify opportunities to streamline processes, improve controls and enhance operational efficiency.

Skills

Excel

Analytical ability

Prioritisation

Stakeholder management

Education

Accounting/Finance degree

Tools

GRDR

PeopleSoft

Alteryx

Job description

At MetLife, we're committed to helping our customers build a more confident future. We are looking for a detail-oriented and proactive Reinsurance Accountant to join our Finance team in Sydney.

In this role, you will be responsible for the accurate accounting, reconciliation and administration of reinsurance and affiliate insurance business. Working closely with reinsurers, internal stakeholders and offshore partners, you will play a key role in maintaining the integrity of financial reporting, managing settlements and supporting critical accounting processes across the business.

This is an excellent opportunity for an accounting professional with strong analytical skills and a passion for continuous improvement to develop their expertise within a collaborative and high-performing finance team.

Key Responsibilities

• Process and account for overseas and affiliate insurance business transactions in accordance with established procedures.


• Perform cash and accrual accounting activities using GRDR and PeopleSoft.


• Prepare and process commission accruals, settlements and related accounting entries.


• Obtain and reconcile bordereaux statements from reinsurance partners.


• Monitor outstanding balances and proactively follow up on settlement activity.


• Prepare and analyse monthly commission charges payable on MetLife products.


• Maintain general ledger accounts and perform balance sheet reconciliations.


• Complete bank reconciliations and investigate reconciling items.


• Reconcile GRDR balances to the General Ledger and resolve variances.


• Partner with Client Services, Accounts Payable and other stakeholders to resolve processing and settlement issues.


• Prepare supporting papers for governance and credit control forums.


• Generate valuation and statistical reporting data using Alteryx.


• Identify opportunities to streamline processes, improve controls and enhance operational efficiency.

Required Qualifications

• Tertiary qualification in Accounting, Finance or a related discipline.


• Demonstrated experience in financial accounting, reconciliations and month-end activities.


• Intermediate to advanced Microsoft Excel skills.


• Strong analytical ability and attention to detail.


• Proven ability to manage competing priorities and meet deadlines.


• Excellent communication and stakeholder management skills.


• Demonstrated initiative, accountability and commitment to delivering high-quality outcomes.


• Confidence using AI-enabled productivity tools to support research, analysis, documentation and day-to-day work, with a commitment to using these tools responsibly and in accordance with company policies.

Preferred Qualifications

• Experience within the insurance or reinsurance industry.


• Experience in financial services environments.


• Exposure to reinsurance accounting, settlements and commission administration.


• Experience using Alteryx or similar reporting and data analysis tools.


• Knowledge of general ledger accounting and balance sheet reconciliation processes

Benefits We Offer

When you join MetLife Australia, you are joining a company that demonstrates holistic care and wellbeing for employees with benefits and programs that address physical, mental, social and financial health. We offer life insurance benefits, generous paid parental leave, market leading menopause and fertility leave, car leasing and more. As well as Employee Assistance Program (EAP), access to 360Health medical support, volunteer leave and study assistance.

About MetLife

Recognised on Fortune magazine's list of the \"World's Most Admired Companies\", Fortune World’s 25 Best Workplaces™, as well as the Diversity Council of Australia Inclusive Employer Award, 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.

As part of our New Frontier strategy, MetLife is building an AI-enabled, people-centered future. We’re looking for people who bring curiosity, adaptability, and a growth mindset as we use AI to enhance how we serve customers, support communities, and evolve the way work gets done. At MetLife, AI is a responsible partner that supports human judgment, creativity, and continuous improvement while helping us build trust, inclusion, and long-term value.

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 our core values - Win Together, Do the Right Thing, Deliver Impact Over Activity, and Think Ahead - we’re inspired to transform the next century in financial services. At MetLife, it’s #AllTogetherPossible . Join us!