Associate, Treasury Operations/Cash Management - Brighthouse Financial

  • Company: MetLife
  • Location: Charlotte, North Carolina
  • Posted: December 20, 2016
  • Reference ID: 12146466
In January 2016, MetLife announced a plan to pursue separation of a substantial portion of its U.S. Retail segment. The new company would represent, as of September 30, 2015, approximately 20% of the operating earnings of MetLife and 50% of the operating earnings of MetLife's U.S. Retail Segment. The new company would have approximately $240 billion of total assets with its largest operating company, MetLife USA being one of the largest life insurers in the U.S. with GAAP equity of approx. $12 billion as of September 30, 2015, similar in size to Lincoln Financial.

The new company will be focused on securing clients' financial futures by providing the best value, advice based solutions. Building upon the current U.S. Retail culture, the new company will be guided and operated by a common set of values that will focus on accountability, external and customer focus, collaboration and a strong focus and discipline on cost management.

This role reports directly to the Cash Manager Lead and is responsible for assisting with all cash management processes at Brighthouse Financial ("BHF"). This includes performing daily cash positioning activities, developing short-term cash flow forecasts, performing forecast vs. actual cash flow variance analysis, and managing interday/intraday credit limits.

Job Location
United States : North Carolina : Charlotte

Job Description
This role is responsible for assisting with the following cash management activities:
  • Perform daily cash positioning activities, including developing daily cash position, managing daily liquidity, performing prior-day cash position reconciliation, and monitoring bank reporting
  • Consolidate and manage short-term cash flow forecast, including forecast vs. actual cash flow variance analysis
  • Identify short-term funding and surplus cash available for investments
  • Manage interday/intraday credit limits, cash balance bank compensation, and cash credit risk limits
  • Perform portfolio allocation activities, including communication of the forecasts to PMUs
  • Perform management reporting activities, including analysis required to develop quarterly financial supplement
  • Support cash volatility studies in conjunction with Actuarial and ALM
  • Provide cash management expertise to business areas identifying and implementing opportunities for improved cash management policies and practices ensuring optimal investment of the company's cash flows
  • Support audit activities
  • Support treasury initiatives
  • Performs other related duties as required
Required Qualifications
  • 3+ years of related treasury or finance experience in a public or private company environment
  • Knowledge of cash management principles, tools, and techniques
  • Understanding of financial theory and applications
  • Understanding of the company's products, trading strategies, and market characteristics
  • Experience using and/or implementing Treasury Workstation preferred
  • Strong knowledge of commercial banking products, Fed clearing rules, and asset settlement procedures
  • Strong computer skills with experience using MS Excel modeling and MS PowerPoint
  • Analytical, interpersonal, communications, time management, and project management skills

Preferred Qualifications
  • CCM, CTP, or MBA preferred
  • Insurance industry experience preferred

Required Education
  • Bachelor's degree in accounting, finance or related field

Business Category

Number of Openings

MetLife is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.
MetLife maintains a drug-free workplace.
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