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 Bermuda Reinsurance business.
What you'll be doing
What will your essential responsibilities include
- Responsible for all financial reporting activities for the Bermuda Reinsurance business, ensuring timely and accurate preparation of financial statements and management reports.
- Prepare and drive financial planning, accounting, and reporting processes, including quarterly and monthly close, reconciliations, and analysis of technical items within the P&L and Balance Sheet.
- Perform quarterly controls and checks efficiently and effectively.
- Analysis of Income Statement, Balance Sheet line items along with commentaries & presentations for Senior Management/Controllers.
- Support management team on regular basis for any ad-hoc request.
- Responsible for preparing, reviewing, and posting (if needed) journal entries.
- Maintain robust communication with onshore (both written and verbal) and manage expectations.
- Keeping flexibility in reports to incorporate any high level adjustments or structural changes from stakeholders.
- Develop and maintain process documentation.
- Drive continuous/ process improvement and special projects. Knowledge of Enterprise Finance Reporting (EFR), Qlik & HFM / Smart-View, IFRS 17, will be an added advantage
- Support Ad-hoc activities.
You will report to Manager, 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 experience or MBA Finance with relevant experience in Financial Accounting & Internal reporting.
- Excellent Accounting knowledge preferably on IFRS - Reviewing 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.
For more information, please see axaxl.com/sustainability.
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
