Deputy Manager, Solvency Reporting, CACO
Gurgaon, Haryana, IndiaThe Deputy Manager will be responsible to perform the economic balance sheet reporting and variance analysis QoQ and YoY, manage BMA regulatory filings, P&L attribution templates, and maintains controls and documentation. Support in the Solvency planning, governance, and cross-functional stakeholder engagement, including change management and actively participate in transversal projects, steering ad-hoc projects and system improvements.
What You’ll Be DOING
What will your essential responsibilities include?
- Solvency Forecasting & Planning: Develop and maintain robust forecasting models and tools to assess solvency impacts of investment strategies, underwriting decisions, and capital allocation. Embed solvency forecasting into the strategic planning cycle, ensuring forward-looking insights drive decision-making. Deliver scenario and sensitivity analyses to evaluate the effect of market, credit, and operational risks on solvency ratios. Ensure compliance with AXA Standards, Internal Control Framework and arrange supporting / details as part of Q&A/Audit /Internal controls.
- Regulatory & Financial Reporting: Support divisional reporting on an Economic Balance Sheet basis, including variance analysis (quarterly and annual). Prepare and reconcile reporting templates (e.g., QRTs, P&L attribution etc.) Support maintenance of control library to monitor audit, internal, and regulatory compliance.
- Other BAU and Projects/ Initiatives: Identify and implement process improvements across finance and capital management disciplines. Participate in system enhancement UAT’s when necessary. Support leadership to prepare and present solvency insights to senior leadership, including clearance meetings and strategic reviews.
You will report to Delivery Lead, Chief Accounting and Capital Office.
What You Will BRING
We’re looking for someone who has these abilities and skills:
Required Skills And Abilities
- CA/ CPA with relevant years of experience or MBA Finance/Commerce Graduate with relevant years of financial reporting/insurance
- Robust grasp of insurance financial statements and solvency concepts.
- Advanced skills in Excel, VBA, Power BI; exposure to modeling tools preferred.
- Experience in forecasting, scenario modeling, and capital adequacy analysis.
Desired Skills And Abilities
- Work experience in Big 4/consultancy MNC’s or international insurance companies.
- Proven ability to develop analytical tools and translate complex financial data into actionable insights.
- Advance skills of preparing analytical and business presentations.
- Experience in working in multicultural environments, and with different company departments (finance, investments, risk,...)
- Good Communication & interpersonal skills; ability to communicate technical information to non¬technical audience.
- Willingness to ask ‘why’ and ‘how we can improve.’
- Organized, methodical, able to deal effectively with multiple priorities and do multitasking.
- Ability to work resiliently in a fast-paced environment.
Who WE are
AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.Learn more at axaxl.com
What we OFFER
Inclusion
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture and enables business growth and is critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential.
It’s about helping one another — and our business — to move forward and succeed.
- Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.
- Robust support for Flexible Working Arrangements
- Enhanced family-friendly leave benefits
- Named to the Diversity Best Practices Index
- Signatory to the UK Women in Finance Charter
Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.
Total Rewards
AXA XL’s Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.
Sustainability
At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
Our Pillars
- Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society - are essential to our future. We’re committed to protecting and restoring nature - from mangrove forests to the bees in our backyard - by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
- Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
- Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
- AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day - the Global Day of Giving.
For more information, please see axaxl.com/sustainability.
