Description and Requirements
Position: AVP, Investment Accounting Policy
Level: GG14M
Job Location: New York, NY; Whippany, NJ; Tampa, FL; or other MetLife office.
Setting: Remote with sometime in the office
Reports to: VP, Head of Technical Accounting Group
The Team You Will Join:
This role reports to the VP - Head of MetLife's Technical Accounting Group (TAG). TAG has the corporate-wide responsibility (1) to establish, monitor and provide assurance that the accounting policies of MetLife worldwide are in accordance with applicable authoritative guidance, (2) to partner with business unit personnel across all regions and lines of business to ensure timely and accurate implementation, interpretation and administration of these policies and (3) to influence standard setters to ensure prospective changes to accounting principles fully consider the views of MetLife and the insurance industry.
The Opportunity:
This position would primarily support development of accounting policies and accounting advisory work supporting our investment portfolio in our general account portfolio as well as supporting our third-party asset management business in MetLife Investment Management Group (MIM).
This role requires significant knowledge of US GAAP, US Stat and IFRS as they apply to various investment products and funds; project management and experience in financial controls and processes would be an asset.
How You'll Help Us Build a Confident Future (Key Responsibilities):
The principal responsibilities of this position include:
- Manage the research, documentation, and resolution of various technical accounting issues, primarily as they relate to investments held by our general account portfolio and/or managed by MIM under US GAAP, US Stat and IFRS, where applicable
- Support the quarterly financial reporting processes under both US GAAP, US Stat and IFRS, including the review of various notes to the financial statements and timely resolution of accounting issues that arise during this process.
- Provide advisory support for the accounting associated with various strategic initiatives, including overseeing the implementation and operationalization of those accounting recommendations.
- Develop and deliver relevant and timely education sessions to finance and other personnel.
- Monitor developments under US GAAP, US Stat and IFRS and working with our business partners to assess potential implications to the business and supports external advocacy efforts associated with these proposals.
What You Need to Succeed (Required Qualifications):
- Demonstrated ability to analyze complex accounting issues and transactions and drive implementation recommendations.
- Excellent presentation skills - ability to explain and summarize complex concepts in accurate and practical terms, describe economic impacts, alternative accounting treatments and associated cost / benefits to senior stakeholders.
- Ability to work across matrix organization to influence resolution of accounting and reporting matters, including strong documentation and review of accounting alternatives and decisions.
- Broad and deep experience in accounting for investment products, along with a breadth of knowledge across a number of other accounting topics
- Professional accounting designation and Undergraduate degree required; MBA or other advanced degree preferred.
Benefits We Offer:
Our U.S. benefit programs are geared toward health and wellness, financial protection, and retirement savings. In addition to comprehensive health coverage including medical/prescription drug, dental, vision, and no-cost short- and long-term disability benefits also include:
- Retirement plan (cash balance pension) with a minimum monthly contribution regardless of an employee's pay and 401(k) with employer matching
- Company-paid life insurance and legal services, and discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance.
- Employee Assistance Program (EAP) and digital mental health programs
- Expert support for medical second opinions, cancer care navigation, diabetes and hypertension, weight loss/fitness, joint and spine health, caregiving, and more
- Generous paid time off, including a floating cultural heritage day.
- Paid volunteer time off and charitable contribution match
- Tuition assistance
- Family benefits including paid parental leave, adoption and surrogacy assistance, child and eldercare support, college advising program.
Equal Employment Opportunity/Disability/Veterans
If you need an accommodation due to a disability, please email us at [2] [email protected]. 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.
The salary range for applicants for this position is The wage range for applicants for this position is $157,800 - $210,400.
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 2024 "World's Most Admired Companies", Fortune World's 25 Best Workplaces™ for 2024, as well as the 2024 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 . Join us!
Equal Employment Opportunity/Disability/Veterans
If you need an accommodation due to a disability, please email us at [email protected]. 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.
The wage range for applicants for this position is $157,800 - $210,400
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What We Do
Named one of Fortune’s “World’s Most Admired Companies,” MetLife is leading the global transformation of an industry we’ve defined for more than 150 years. At MetLife, every innovation and line of code is a lifeline for our customers and their families—from victims of natural disasters to people living with disabilities and beyond. With operations in more than 40 markets and leading positions across the globe, MetLife’s building a workforce of diverse and empowered voices that all belong. Join our remarkable journey—one in which you help write the next century of innovation in financial services—because with MetLife, making the world a better place is All Together Possible.
Why Work With Us
At MetLife, you’ll be working for a company whose purpose is to help customers throughout their life’s journey, and often in their most critical time of need. You’ll be a part of developing leading-edge platforms that will have a lasting impact on the lives and well-being of tens of millions of customers.
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