Assistant Manager - Bangalore | AXA XL

Axa Xl; Bengaluru; On-site; INR 800,000 - 1,400,000; Full time

Job summary

AXA XL in Bengaluru invites a qualified professional for the role of Assistant Manager, Chief Accounting and Capital Office. You will support Solvency II reporting, align group and divisional systems, and contribute to the BMA internal model balance sheets and related EOF processes.

The role involves data extraction, validation, audit support, intercompany reconciliation, and governance activities, with collaboration across finance teams.

Qualifications

• CA with 1.5 to 3 years of experience or MBA in Finance/Commerce with 3 to 5 years in reporting roles.
• Strong analytical skills and attention to detail.
• Good technical knowledge – MS Office, VBA, Power BI.

Responsibilities

• Ensure submission of Solvency II Balance Sheet for AXA XL division by aligning with group reporting system on a quarterly basis.
• Review and prepare the BMA Solvency Balance Sheet (Internal Model) in line with regulatory guidelines on a quarterly basis.
• Shadow colleagues to assist with data extraction, validation and analysis for divisional and statutory solvency reporting.
• Provide support for Q&A, Audit, and internal controls as needed.
• Perform intercompany reconciliation preparation, research and clearance, compliance and governance.
• Support system enhancements through UATs and identify opportunities for process improvements.

Skills

CA

MBA in Finance

Reporting experience

Analytical thinking

MS Office

Power BI

VBA

Education

Chartered Accountant

MBA in Finance

Tools

MS Office

VBA

Power BI

Job description

Assistant Manager, Chief Accounting and Capital Office

Bengaluru, India

We are dedicated to ensuring compliance with Solvency II reporting for our division in accordance with EIOPA guidelines, as part of the overall Group reporting process. Our responsibilities include constructing the Solvency II Balance Sheet for AXA XL and coordinating the reporting of the EOF with the group by aligning our division's systems with those of the Group. Additionally, our team prepares the BMA Solvency Balance Sheet (Internal Model) and offers support for Intercompany Governance. We also assist with audit inquiries and facilitate new accounting developments that necessitate changes in our systems.

DISCOVER your opportunity

What will your essential responsibilities include?

• Ensuring the submission of Solvency II Balance Sheet for AXA XL as a division by aligning with group reporting system on a quarterly basis (including other related schedules).
• Review and prepare the BMA solvency Balance Sheet (Internal Model) by aligning reporting with regulatory guidelines on a quarterly basis (including hierarchy maintenance and ensuring system is updated).
• Shadowing colleagues to assist with data extraction/Validation and analysis for the Divisional and Statutory Solvency reporting.
• Providing necessary support and details as part for Q&A, Audit, and internal controls as needed.
• Performing Intercompany reconciliation Preparation, Research & Clearance, Compliance and Governance.
• Transversal Project/Initiatives:
• Support team in system enhancement UATs as and when necessary.
• Identify and analyze potential process improvement opportunities within and between finance disciplines.

You will report to Senior Manager – Solvency Reporting and Capital Management, CACO

SHARE your talent

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

Required Skills and Abilities:

• Chartered Account with minimum 1.5 to 3 years of experience or MBA in Finance/Commerce Graduate with 3 to 5 years of experience in reporting roles, preferably within service industry, having grasp of overall Financial Statements and Insurance concepts.
• Strong analytical skills and attention to details
• Good Technical knowledge – IT skills (MS Office, VBA, Power BI etc.)

Desired Skills and Abilities:

• Good Communication & interpersonal skills; ability to communicate technical information to non-technical audiences.
• Willingness to ask ‘why’ and ‘how we can improve.’
• Organized, methodical, able to deal effectively with multiple priorities and do multitasking.
• Ability to work independently in a fast-paced environment.

FIND your future

AXA XL is the P&C and specialty risk division of AXA, known for solving even the most complex risks. For mid-sized companies to the world’s largest multinationals, we offer traditional and innovative insurance solutions and services in over 200 countries and territories.

Whatever path your business is on in these uncertain and fascinating times, we’ll be there. Wherever and whenever you need us.

How? It starts with a strong and efficient capital platform, data-driven insights, leading technology and a flexible approach. Driven by a culture of superior service, our talented and recognized teams are empowered to create relevant solutions across all our lines of business property, casualty, professional, financial lines and specialty.

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 can 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 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