Assistant Manager-Operations

MetLife; Dadri; On-site; INR 600,000 - 900,000; Full time

Job summary

MetLife in India seeks a Reinsurance Accounting Specialist to manage month-end accruals and reinsurance statements, coordinating with the finance team for ledger closures and liaising with reinsurers for data clarifications. The role includes audit support, data validation, and a drive to improve processes through automation and UAT.

The position emphasizes accuracy in treaty data across multiple countries, with extensive collaboration with local finance offices and stakeholders.

Responsibilities

• 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-related accounting entries and coordinate with the finance team for ledger closures.
• Prepare and reconcile monthly/quarterly/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.
• 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 clarifications, follow-ups, and settlement confirmations.
• 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.
• 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.

Job description

• 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-related accounting entries and coordinate with the finance team for ledger closures.
• Prepare and reconcile monthly/quarterly/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.
• 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 clarifications, follow-ups, and settlement confirmations.
• 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.
• 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.

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-related accounting entries and coordinate with the finance team for ledger closures.
• Reinsurance Statement Preparation & Settlements
• Prepare and reconcile monthly/quarterly/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.
• 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 clarifications, follow-ups, and settlement confirmations.
• 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.
• Testing & Process ImprovementsPerform 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.