Manager, Reinsurance Financial Reporting
Gurgaon, Haryana, IndiaWe invent the new to help the world move forward. Combining powerful analytics and deeper insights with bigger ideas and innovative solutions, we free up our clients potential, thereby fulfilling our own. Take it seriously. Make it fun. Know it matters. Reinsurance Finance function in India 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, Management and Regulatory Reporting Process, Reconciliation Process, Planning Process and Business Analysis Process. This position will be supporting the Insurance Linked Securities (ILS) business.
What You'll Be DOING
What will your essential responsibilities include
- Lead and manage the ILS Team in India.
- Accountable for ensuring correct accounting for ILS programs and investors.
- Accountable for ensuring accuracy of financial reporting of ILS programs.
- Accountable for preparation of annual audited and/or unaudited financial statements for directors, investors and the Bermuda Monetary Authority (BMA).
- Ensure preparation of Monthly Financial Statements for investors.
- Drive the preparation of NAV and submission of NAV to investors.
- Ensure the collateral meets the terms of the agreement and calculate collateral release.
- Ensure all capital activity is reported for the period.
- Organize the preparation, review and settlement of bordereau reports.
- Coordinate financial settlements with investors and internal regions.
- Liaise with internal and external auditors and drive year-end and quarterly audits.
- Maintain effective communication with teams based globally and manage expectations.
- Drive continuous development and improvement of ILS financial reporting.
- Support Ad-hoc requests.
- Develop and maintain process documentation.
- Knowledge of Oracle EFR, Qlik, Power BI & HFM will be an added advantage.
You will report to Delivery Lead, Reinsurance Financial Reporting.
What You Will BRING
We're looking for someone who has these abilities and skills:
Required Skills And Abilities
- Accounting and Analytical skills: MBA Finance with relevant experience or CA with relevant experience in Financial Accounting, Investments or Insurance Linked Securities.
- Excellent Accounting knowledge preferably on IFRS4 and IFRS17 - review Journal Entries, Income Statement Analysis, Balance Sheet, calculation of NAVs, External Investor reporting etc. Insurance or Reinsurance experience preferred.
- People Management: Should have relevant years of experience in directly handling a team. Responsible for running the monthly/quarterly one-on-one's and annual performance appraisals.
- Communication skills: Effective communication and interpersonal skills. Able to work and communicate effectively as part of a cross-geographic, cross-organizational and cross-cultural team. Experience of managing communication and expectations with Senior Management preferred.
Desired Skills And Abilities
- MS Office skills: Should have robust MS Excel skills.
- Good team player and ability to work resiliently.
- Outstanding customer-focus and results oriented.
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.
