Reinsurance Finance function in India primarily supports the quarterly closing and reporting process of Reinsurance Business. There are different sub-processes performed by Reinsurance Financial Reporting team in India which includes but is not limited to: Quarter end Close Process, Reporting Process, Reconciliation Process, Business Analysis Process, etc. This position will be leading the OBU Reporting activities for XL Reinsurance America business.
What you’ll be doingWhat will your essential responsibilities include?
- Preparation of Reinsurance Financial Reporting activities for North America Reinsurance business.
- Responsible for end-to-end detailed analysis of MBR walk and commentary on Actual vs Budget and Actual vs Prior Year.
- Responsible for Financial close, Reporting and analytical activities, preparation of analytical management reports for North America Financial Reporting team
- Analysis of Income Statement, Balance Sheet line items along with commentaries & Presentations for Senior Management/Controllers.
- Responsible for preparing quarterly reconciliation which include Accounts Receivable and Payable Reconciliation, Post close cash Reconciliation etc.
- Drive continuous improvement or Process improvement initiative related to North America BAU tasks/activities.
- Support management team on regular basis for any ad-hoc request.
- Maintain effective communication with onshore (both written and verbal) and manage expectations.
- Develop and maintain process documentation.
- Support Ad-hoc activities / projects.
You will report to Senior Manager, Financial Reporting & Accounting.What you’ll bringWe’re looking for someone who has these abilities and skills:
Required Skills And Abilities
- Accounting and Analytical skills: Qualified CA with relevant experience or MBA Finance with relevant experience in Financial Accounting & Internal reporting.
- Excellent Accounting knowledge.
- Good Analytical and reconciliation skills.
- Good exposure of working on Excel and Presentations. Knowledge of VBA is an added advantage.
- Communication skills: Effective communication and interpersonal skills.
- MS Office skills: Should have robust MS Excel skills.
- Able to work and communicate effectively as part of a cross-geographic and cross-cultural team.
- Good team player and ability to work resiliently.
- Outstanding customer-focus and results oriented.
- Innovative and process improvement mindset.
Desired Skills And Abilities
- Experience of financial reporting, insurance accounting, insurance and reinsurance industry.
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.
Who we areAXA 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
