Manager, Chief Accounting and Capital Office

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Manager, Chief Accounting and Capital Office

manager · Insurance

Job Description

External reporting finance team is involved in producing the financial statements based on statutory rules and as per the local GAAP/ IFRS requirements on a quarterly basis. The team is also involved in preparation of the various reports and forms as prescribed by the Insurance regulatory authorities of various countries where AXA XL writes its insurance business from on a quarterly and annual basis. The team produces various reports for the regulator to show we maintain sufficient level of solvency and liquidity as prescribed by the regulator. The team prepares various reports as prescribed by corporate close calendar. The team performs data clean ups and prepares various source systems & other reconciliations to support various stakeholders and auditors.

What you’ll be doing

What will your essential responsibilities include?

• Managing end-to-end quarterly reporting for consolidated XLICSE and XLICSE Mumbai branch.
• Responsibilities include but are not limited to ensuring completeness of all the journals required for statutory reporting and core vs stat ledger reconciliations.
• Ensuring completeness of all the journals required for Stat ledger reporting.
• Review of movement in non-technical accounts for the quarter.
• Directing preparation and submission of quarterly controls and reconciliations such as aged debt, management accounts analysis, review of extended trial balance.
• Preparation and finalization of financial statements of XLICSE and XLICSE Mumbai branch.
• Responsible for supporting statutory audit requirements and related queries for both XLICSE and Mumbai branch.
• Responsible for smooth implementation of IFRS 17 for XLICSE Mumbai branch.
• Ensuring effective team management including training and effective work distribution within team.
• Coordinating with various internal teams and functions promoting cross-functional collaboration and best practice.
• Stakeholder management - act as a key contact for all the stakeholders related to including but not limited to onshore counterparts, senior management, external auditors.

You will report to Senior Delivery Lead, Statutory Reporting & Change Agent.

What you’ll bring

We’re looking for someone who has these abilities and skills:

Required Skills and Abilities:

• Qualified Chartered accountant with relevant years of experience in reporting.
• Robust Accounting knowledge (UKGAAP & IFRS preferred), having grasp of overall Financial Statements (P&L and BS).
• Specialized Insurance/Reinsurance knowledge across regulated run-off business, live business, branches and broker/intermediaries and experience of answering complex queries from (re)insurance regulators.
• Robust analytical skills.
• Expertise in setting up the new processes and deliverables from scratch.

Desired Skills and Abilities:

• Effective communication skills.
• Excellent team Management skills.
• Simplification and continuous improvement of mindset.
• High level of knowledge and experience in working with IFRS 17.
• Proficient in IT skills such as MS excel, MS PowerPoint.
• Working experience of ERP financial system.
• Robust interpersonal and presentation skills.
• Ability to work cordially in a matrix environment across different teams.

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