Job Description

The external reporting finance team is involved in producing the financial statements based on the statutory rules and as per the local GAAP/ IFRS requirements on a quarterly basis. The team is also involved in the preparation of the various reports and forms as prescribed by the Insurance regulatory authorities of various countries where AXA XL writes its insurance business on a quarterly and annual basis. The team produces various reports for the regulator to show we maintain a sufficient level of solvency and liquidity as prescribed by the regulator. The team prepares various reports as prescribed by the corporate close calendar. The team performs data clean-ups and prepares various source systems & other reconciliations to support various stakeholders and auditors.DISCOVER your opportunityWhat will your essential responsibilities include?xc2xb7 Providing support in quarterly and yearly regulatory reporting for Syndicate legal entity (UK GAAP/IFRS ledger-based reporting).xc2xb7 Preparation of Source system (the frame) to GL reconciliation for Balance sheet accounts such as Receivable/Payable, Losses, Unearned premiums and Deferred acquisition cost.xc2xb7 Book monthly and quarterly manual journal entries including Premium, IBNR, acquisition cost, STAT adjustments etc.xc2xb7 Preparing intercompany reconciliations & posting relevant IC cleanup & settlement journals.xc2xb7 Responsible for supporting audit requirements and related queries.xc2xb7 Coordination with the Controllership team for quarter-end close activities like reporting LOB-wise P&L, Variance analysis & commentaries, packs, managing and working on ad-hoc requests.xc2xb7 Preparing reconciliation between HFM and EFRL.xc2xb7 Highly focused on automation/ simplification of the templates/ data requirement wherever possible.xc2xb7 Participate in projects as required to ensure that financial data are handled in full accordance with statutory requirements.You will report to the Manager.QualificationsSHARE your talentWexe2x80x99re looking for someone who has these abilities and skills:Required Skills and Abilities:xc2xb7 Good working knowledge command over MS Excel, and MS PowerPoint.xc2xb7 Knowledge of Power BI, Power Query, VBA, Macros etc will be an added advantage.xc2xb7 Knowledge of systems like theframe, Destiny, Oracle EFR, Oracle EBS, and HFM is preferred.xc2xb7 Knowledge of IFRS/USGAAP is required.xc2xb7 Working Accounting knowledge, with an excellent understanding of Financial Statements (P&L and BS).Desired Skills and Abilities:xc2xb7 Effective analytical skills and the ability to work resiliently and bring tasks to closure.xc2xb7 Insurance/Reinsurance knowledge preferred.xc2xb7 Able to work extended hours during critical times.xc2xb7 CA/CPA with relevant years of experience OR MBA Finance/Postgraduate/CA Inter with relevant years of experience in a reputed organizationFIND your futureAXA 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 donxe2x80x99t 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 xe2x88x92 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 atInclusion & DiversityAXA 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 a diverse workforce enable business growth and are critical to our success. Thatxe2x80x99s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and reach their highest potential. Itxe2x80x99s about helping one another xe2x80x94 and our business xe2x80x94 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 . AXA XL is an Equal Opportunity Employer.SustainabilityAt 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 xe2x80x9cRoots of resiliencexe2x80x9d, 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 xe2x80x93 are essential to our future. Wexe2x80x99re committed to protecting and restoring nature xe2x80x93 from mangrove forests to the bees in our backyard xe2x80x93 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. Wexe2x80x99re 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 XLxe2x80x99s xe2x80x9cHearts in Actionxe2x80x9d programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day xe2x80x93 the Global Day of Giving.

For more information, please see axaxl.com/sustainability.

AXA XL