Assistant Manager, Financial Reporting

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 includexc2xb7 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 talentWere 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 dont 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 Thats 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 Its 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 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 Were 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 Were 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 XLs 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