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, Reporting, Reconciliation, Planning, Business Analysis processes, etc. This position will be supporting the AXA XL Reinsurance Legal Entity Reporting team.
What you'll be doing
What will your essential responsibilities include
- Support the end-to-end delivery of regulatory reporting programs (BSCR Class 4 schedules, surveys, and related regulatory filings) across multiple entities and schedules.
- Understand and drive governance, risk, and control framework for regulatory submissions; manage cross-functional teams, timelines, and quality assurance; drive improvements and automate where feasible.
- Support the preparation of AXA XL Reinsurance consolidated financial statements including notes to FS on IFRS17 basis.
- Lead conversations with multi-discipline teams (Finance, CAT Risk, Compliance, Legal, Actuarial, FRM and Tax) to collect, validate, and consolidate inputs.
- Responsible for preparing and posting journal entries post review and sign off by LE controllers or CFO.
- Oversee reconciliations and data integrity checks; manage risk of misstatement or delays; implement mitigations.
- Maintain excellent communication with onshore (both written and verbal) and manage expectations.
- Liaise with IT, EFR and HFM teams on routine information requests.
- Monitor due dates, flag at-risk items, and escalate blockers to the LE controllers.
- Develops and maintains process documentation.
- Identify bottlenecks and implement process improvements; lead automation initiatives (data extraction, reconciliation, dashboards, and controls).
- Support Ad-hoc activities.
You will report to Delivery Lead, Financial Reporting & Accounting.
What you'll bring
We're looking for someone who has these abilities and skills:
Required Skills And Abilities
- Accounting and Analytical skills: Qualified CA with relevant years ofexperience or MBA Finance with relevant years or experience in Financial Accounting & Internal reporting.
- Excellent Accounting knowledge preferably on IFRS preparation of Journal Entries, Income Statement Analysis, Balance Sheet analysis and commentary, Financial Planning & Analysis etc.
- Communication skills: Outstanding communication and interpersonal skills.
- Knowledge of Enterprise Finance Reporting (EFR), QlikView, Power BI & HFM / Smart-View, IFRS 17, will be an added advantage.
- MS Office skills: Should have effective MS Excel and Power Point skills. Knowledge of VBA is an added advantage.
Desired Skills And Abilities
- Able to work and communicate effectively as part of a cross-geographic and cross-cultural team.
- Good team player and ability to work resiliently.
- Effective customer-focus and results oriented.
- Innovative and process improvement mindset.
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.
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.
