Reinsurance Accountant

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.
• Previous experience using PeopleSoft.
• 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