Senior Finance Associate

Employer
Confidential
Location
Gurgaon
Posted
Jun 17, 2024
Closes
Jul 01, 2024
Ref
4736980114
Work Mode
Hybrid
Hours
Full Time
Organization Type
Corporate
We invent the new to help the world move forward. Combining powerful analytics and deeper insights with bigger ideas and innovative solutions, we free up our clients' potential, thereby fulfilling our own. Take it seriously. Make it fun. Know it matters. The reinsurance Finance function in India primarily supports the quarterly closing and reporting process of the Reinsurance Business. There are different sub-processes performed by the Reinsurance Financial reporting team in India which include but are not limited to the quarter-end Close Process, Reporting Process, Reconciliation Process, Planning Process, Business Analysis Process, etc. This position will be supporting the Reinsurance Finance.

DISCOVER your opportunity

What will your essential responsibilities include

  • Responsible for Reinsurance Financial accounting and reporting activities.
  • Responsible for performing control validations around the ceded QS / FAC / XOL accruals process, and FDM review process for Ceded reinsurance on a monthly/quarterly basis.
  • Actual vs. budget analysis for ceded reinsurance business for Current year vs. prior year, QOQ, YOY etc.
  • Performing Ceded Payable / Ceded Receivable balance sheet reconciliation including liaising with technical operation accountant to implement consistent reconciliation, issue resolution and monitoring of variances.
  • Oversight of Bank reconciliation/suspense account open items. Also, requires follow-up and regular interaction with CM&A and the Reinsurance technical operation team.
  • Responsible for extracting queries from CRAFT, FDM, EFRL & HFM and analysing the same.
  • Responsible for preparing and posting journal entries.
  • Maintain Effective communication with onshore (both written and verbal) and manage expectations.
  • Keeping the flexibility in reports to incorporate any high-level adjustments or structural changes from onshore.
  • Liaise with onshore stakeholders in the Identification & investigation of any exceptions in reconciliations.
  • Develops and maintains process documentation.
  • Support Ad-hoc activities.

You will report to the Delivery Lead of Reinsurance Financial Reporting.

SHARE your talent We're looking for someone who has these abilities and skills:

Required Skills And Abilities

  • Accounting and Analytical skills: MBA in Finance or CA inter with relevant experience of relevant years in Financial Accounting & Internal reporting.
  • Good Accounting knowledge - Posting Journal Entries, Income Statement Analysis, Balance Sheet, etc.
  • Communication skills: Effective communication and interpersonal skills.

Desired Skills And Abilities

  • MS Office skills: Should have effective MS Excel skills.
  • Able to work and communicate effectively as part of a cross-geographic, cross-organizational, and cross-cultural team.
  • Good team player and ability to work resiliently.
  • Effective customer focus and results orientation.

FIND your future

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, we are 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

Inclusion & Diversity

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 a diverse workforce enable business growth and are critical to our success. That's 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. 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.

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 mobilising 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.

Flexible Work Eligible

None

AXA XL is an Equal Opportunity Employer.

Location

IN-HR-Silokhera Gurgaon

Job Field

Finance

Schedule

Full-time

Job Type

Standard
Skills: Analytical Skills, Journal Entries, Communication Skills, Accounting, Balance Sheet

Experience: 0.00-2.00 Years