FAQs
What are the key responsibilities of the Assistant Manager - Operations?
The key responsibilities include preparing periodic reinsurance settlements, assisting with monthly financial reporting, analyzing financial results for the reinsurance business, comparing reinsurance claims to direct claims, implementing new treaties, preparing Annual DAC Tax computations, conducting research for queries from reinsurers and auditors, and preparing internal MIS and analytics related to reinsurance inquiries.
What qualifications are required for this position?
The job description does not specify particular qualifications, but typically candidates should have a background in finance or accounting, experience in operations or reinsurance, analytical skills, and familiarity with relevant software and systems.
What is the company culture like at MetLife?
MetLife emphasizes a purpose-driven culture focused on helping colleagues, customers, and communities. The company values empathy and collaboration, fostering an environment where collective efforts lead to positive transformations in financial services.
What markets does MetLife operate in?
MetLife operates in more than 40 markets around the world, holding leading positions in the United States, Latin America, Asia, Europe, and the Middle East.
Is there support for professional development in this role?
The job description does not explicitly mention professional development support, but as a leading financial services company, MetLife generally encourages employee growth and may offer training and development opportunities.
What tools and systems will I be working with in this role?
You will work with ledger systems, direct administration systems, the reinsurance data mart, ERDR system for treaty implementation, and other internal sources for data compilation and analysis.
How does this position fit within the overall structure of MetLife?
The Assistant Manager - Operations plays a critical role in the reinsurance business, supporting financial reporting, compliance, and analytical processes, thereby contributing to the overall efficiency and governance of MetLife's operations.
How often will I need to interact with other departments or teams?
This role will likely involve regular interaction with various internal teams, including finance, tax, and the reinsurance controllers, to compile data, prepare reports, and address inquiries.
What is the significance of the Annual DAC Tax computation mentioned in the job description?
The Annual DAC Tax computation is important for the tax department and involves preparing tax letters for reinsurers, ensuring compliance with tax regulations and accurate reporting of deferred acquisition costs.
Are there opportunities for advancement within the operations team?
While the job description does not specify, MetLife is known for offering career growth opportunities, and performance in this role could lead to advancement within the operations or finance teams.