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.
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What will your essential responsibilities include
Providing support in quarterly and yearly regulatory reporting for UK entities (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.
Perform FX analysis and Investment analysis on a quarterly basis.
Responsible for supporting audit requirements and related queries.
Finalizing annual financial statements including Notes to Accounts for the legal entity.
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 Manager-Finance.
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We re looking for someone who has these abilities and skills:
Required Skills and Abilities:
CA/CPA with relevant years of experience OR MBA Finance/Postgraduate/CA Inter with relevant years of experience in a reputed organization.
Working Accounting knowledge, with an excellent understanding of Financial Statements (P&L and BS).
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 the frame, Destiny, Oracle EFR, Oracle EBS, and HFM is preferred.
Desired Skills and Abilities:
Knowledge of IFRS/USGAAP is required.
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.
