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Assistant Manager, Financial Reporting & Accounting

3-7 years

Gurgaon / Gurugram

Assistant Manager, Financial Reporting & Accounting

Axa XL

posted 9d ago

Job Role Insights

Flexible timing

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 opportunity

What will your essential responsibilities include?

  • Providing support in quarterly and yearly regulatory reporting for Syndicate legal entity (UK GAAP / IFRS ledger-based reporting).
  • Preparation of Source system (the frame) to GL reconciliation for Balance sheet accounts such as Receivable/Payable, Losses, Unearned premiums and Deferred acquisition cost.
  • Book monthly and quarterly manual journal entries including Premium, IBNR, acquisition cost, STAT adjustments etc.
  • Preparing intercompany reconciliations & posting relevant IC cleanup & settlement journals.
  • Responsible for supporting audit requirements and related queries.
  • 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.
  • Preparing reconciliation between HFM and EFRL.
  • Highly focused on automation/ simplification of the templates/ data requirement wherever possible.
  • Participate in projects as required to ensure that financial data are handled in full accordance with statutory requirements.You will report to the Manager.
  • SHARE your talentWere looking for someone who has these abilities and skills:Required Skills and Abilities:
  • Good working knowledge command over MS Excel, and MS PowerPoint.
  • Knowledge of Power BI, Power Query, VBA, Macros etc will be an added advantage.
  • Knowledge of systems like theframe, Destiny, Oracle EFR, Oracle EBS, and HFM is preferred.
  • Knowledge of IFRS /US GAAP is required.
  • Working Accounting knowledge, with an excellent understanding of Financial Statements (P&L and BS).Desired Skills and Abilities:
  • Effective analytical skills and the ability to work resiliently and bring tasks to closure.
  • Insurance/Reinsurance knowledge preferred.
  • Able to work extended hours during critical times.
  • CA / CPA with relevant years of experience OR MBA Finance/ Postgraduate/ CA Inter with relevant years of experience in a reputed organization.

  • Employment Type: Full Time, Permanent

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    What people at Axa XL are saying

    What Axa XL employees are saying about work life

    based on 381 employees
    75%
    93%
    79%
    97%
    Flexible timing
    Monday to Friday
    No travel
    Day Shift
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    Axa XL Benefits

    Submitted by Company
    Job Training
    Health Insurance
    Soft Skill Training
    Cafeteria
    Submitted by Employees
    Work From Home
    Health Insurance
    Cafeteria
    Team Outings
    Soft Skill Training
    Job Training +6 more
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