At a Glance
- Tasks: Manage reinsurance accounting and collaborate with stakeholders for accurate financial reporting.
- Company: Join MetLife, a leading global financial services company with a focus on wellbeing.
- Benefits: Enjoy life insurance, generous parental leave, health support, and study assistance.
- Other info: Be part of a diverse and inclusive workplace recognised for its excellence.
- Why this job: Make a real impact in finance while developing your skills in a supportive team.
- Qualifications: Tertiary qualification in Accounting and strong analytical skills required.
The predicted salary is between 67500 - 82500 $ per year.
At Met Life, 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 People Soft.
- 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 Met Life 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 Met Life 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 Met Life
Recognised on Fortune magazine's list of the 2025 "World's Most Admired Companies", Fortune World's 25 Best Workplaces™ for 2024, as well as the Diversity Council of Australia Inclusive Employer Award 2023-2024, Met Life, 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 Met Life, it's
#All Together Possible . Join us!
Met Life is proud to be an equal opportunity/affirmative action employer.
We are committed to attracting, retaining and maximizing the performance of a diverse and inclusive workforce.
It is the policy of Met Life to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity, or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information or any other basis protected by law.
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Reinsurance Accountant in Sydney employer: MetLife Insurance
MetLife Australia is an exceptional employer, offering a dynamic work culture that prioritises flexibility and collaboration in the heart of Sydney. With a strong commitment to employee growth, we provide opportunities for professional development and the chance to work with cutting-edge AI and data technologies, all while contributing to a purpose-driven mission of building a more confident future for our customers and communities.
