This role is responsible for the accurate processing, accounting and reconciliation of domestic, overseas and affiliate insurance business. Working closely with internal stakeholders, reinsurers, affiliated partners and external clients, you will play a key role in ensuring the integrity of financial records, supporting month-end processes, maintaining balance sheet reconciliations and driving continuous process improvements.

We are seeking a motivated Junior Reinsurance Accountant to join our team on a temporary basis to provide coverage while an existing employee is on an approved period of unpaid leave.

This is an excellent opportunity to make an immediate impact in a well-established team, working across a diverse range of activities while gaining valuable experience within our organisation.

Key Responsibilities

Insurance and Reinsurance Accounting

- Process and account for overseas, affiliate and ALICO insurance business, ensuring transactions are accurately recorded and reconciled.
- Perform cash and accrual accounting within GRDR and PeopleSoft for Offshore Affiliate Business and related portfolios.
- Proactively engage with fronting reinsurance companies to obtain bordereaux statements and supporting information on a timely basis.
- Prepare and process third-party commission accruals, settlements and related accounting entries.
- Review and process foreign exchange cash clearing settlement journals.

Financial Control and Reconciliations

- Maintain Affiliate Business general ledger accounts and complete balance sheet reconciliations.
- Perform bank reconciliations and investigate reconciling items.
- Reconcile GRDR balances to the General Ledger and resolve any differences identified.
- Monitor ageing balances and follow up outstanding settlements due to MetLife.




- Prepare supporting documentation for Credit Control Working Group meetings.

Stakeholder Management and Reporting

- Liaise with Client Services, Accounts Payable, reinsurers and affiliated partners to resolve policy, settlement and processing matters.
- Prepare and analyse monthly commission charges payable on MetLife products.
- Respond to stakeholder queries in a timely and skilled manner.
- Run Alteryx reporting to generate statistical data and support downstream valuation activities.

Continuous Improvement

- Identify opportunities to enhance processes, controls and system effectiveness.
- Contribute to initiatives that improve operational efficiency, accuracy and financial governance.

Required Qualifications

- Degree qualification in Accounting, Finance or a related discipline.
- Experience within financial services, insurance or a related regulated industry.
- Intermediate Microsoft Excel skills, including reconciliations, reporting and data analysis.
- Strong analytical and problem-solving skills with exceptional attention to detail.
- Demonstrated ability to manage competing priorities and consistently meet deadlines.
- Strong written and verbal communication skills, with the ability to engage effectively with internal and external stakeholders.
- Ability to leverage AI-enabled productivity tools (such as Microsoft Copilot or similar technologies) to improve efficiency, streamline workflows and enhance work outcomes while maintaining appropriate governance and controls.

Preferred Qualifications

- Experience in the insurance or reinsurance industry.
- Working knowledge of PeopleSoft.
- Experience with general ledger reconciliations, commission accounting and settlement processing.
- Exposure to Alteryx or other data and reporting tools.
- Understanding of reinsurance operations, affiliate business accounting and financial control processes.

📌 Junior Reinsurance Accountant (Sydney)
🏢 MetLife Australia
📍 Sydney