Manager

EXL IT service management

Noida, India

8-10 Years

This job is no longer accepting applications

Posted 2 months ago

Job Description

Position Title, Responsibility Level

Manager/Sr.Manager

Function

Lloyds reporting

Reports to

AVP/SAVP

Permanent/ Temporary

Permanent

Span of Control

Location

Noida - C59

Basic Function -

Preparing & review of Monthly and Quarterly Syndicate reports like Terrorism, Cargo, Political Risk, Liability, War on Land, Property, and other ad-hoc reports for Lloyds Submission
Expert knowledge on Syndicate accounting and three underwriting years, Reinsurance to Close (RITC) /Estimated Future liability (EFL)
Getting Daily Lloyds Centralize Accounts recording into ERP & reconciliations
Book & Review Solvency II adjustments like Goodwill and DAC Write off, Re class etc.
Manage the period - end close cycle - Month-end/Quarter-end/Annual for local books of various Syndicates and Insurance companies

Essential Functions

Require expert knowledge and ability to manage month close accounting journals, review reconciliations and financial statements and UK market and Lloyds related reports, Financial Syndicate Reporting - QMA, QMB, SBF

Assist partners or client on Calculation of MCR, SCR & best estimates for the purpose of Solvency II reporting requirements

Technical Insurance accounting experience in Premium, Losses, DAC reserves Booking, IBNR true up etc. and Bordeaux settlements and UK GAAP or IFRS knowledge mandatory.
Require strong understanding of Lloyds market operations and regulatory requirements. 3 years accounting system, RITC concepts

Primary Internal Interactions

AVP for the purpose of reporting performance, escalation handling, clarifying concerns, and seeking feedback and support
AVP for the purpose of settling issues left unresolved by the AVP and monthly evaluation of performance
Peers (team members) for the purpose of seeking co-operation & clarification on process-related matters & aiding and support when required

Primary External Interactions

Onshore Team Manager and SMEs for daily planning of work and execution of deliverables
Must demonstrate effective and diplomatic oral and written communication skills

Strong time management and team management and other organization skills

Organizational Relationships

Reports To : Supervises :

Skills

Technical Skills

Chartered Accountant, CPA, CFA or equivalent with 6 - 8 years experience in US UK GAAP / IFRS accounting experience
B. Com with strong practical experience in accounting and reporting for more than 10-12 years
IFRS 17 knowledge is an add on

Process Specific Skills

Good understanding of Syndicate and PMA operations for Lloyd's market
Good knowledge in Insurance and Reinsurance Domain: Claims and Underwriting/Pre & Post Bound Operations
Should have expert level understanding of GAAP accounting principles and procedures.
Requires the knowledge and ability to review Journals, reconciliations provide solutions to technical accounting issues and organize projects
Insurance accounting regulatory reporting experience or US GAAP/IFRS 17 knowledge mandatory.

Soft skills (Desired)

Must demonstrate effective and diplomatic oral and written communication skills
Strong time management and organization skills

Soft Skills (Minimum)

Self-disciplined and result oriented
Ability to multitask
Ability to work effectively as part of a team
Commitment and drive for results
Strong analytical skills
Ability to understand and question established process guidelines to bring about possible process improvements
Ability to pay great attention to detail - especially during processing of transactions

Education Requirements

Chartered Accountant, CPA, CFA or equivalent with 8 years experience.
B.Com with strong practical experience in reporting for more than 10 years

8 - 10 years of experience in technical accounting or reporting area preferably with an insurance company.
Should have good understanding of GAAP accounting principles and procedures.

More Info

Job Type:

Permanent Job

Industry:

ITES /BPO /Call Center

Function:

Insurance

Employment Type:

Full time

About Company

EXL IT service managementJob Source: exlcareers.peoplestrong.com

At EXL, our collaboration is built on ongoing listening and learning to adapt our methodologies. We&#8217;re your business evolution partner&#8212;tailoring solutions that make the most of data to make better business decisions and drive more intelligence into your increasingly digital operations.

Job ID: 127159397

Jobs by Skill - IT