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Protection has always been at the core of our business, helping individuals, businesses and societies to thrive. And AXA has always been a leader, an innovator, an entrepreneurial company, fostering progress in all its dimensions. Our purpose also links back to the Group's roots. From the outset, AXA has been committed to acting as a force for collective good. From solidarity-based actions with AXA Hearts In Action to work on prevention issues with the AXA Research Fund and the fight against climate change, AXA has always been attentive to its social environment and embraced its responsibility as an insurer: responsibility for taking action upstream in order to better understand risks, with one goal in mind: to ensure better protection.
VACANCY DETAILS :-
POST NAME - Assistant Manager Financial Reporting & Accounting
QUALIFICATION - CA/CMA/MBA
EXPERIENCE - 2 To 3 Years For CA/CMA & 4 To 5 Years For MBA
LOCATION - Bangalore
JOB DESCRIPTION :-
The FP&A team is responsible for providing reports to various stakeholders – the Insurance Leadership Team (for reports like Business Performance Metrics, the impact of treaty placements on Combined Ratio of Insurance Segment), Ceded Re-Placement team (for Budgeting, placement support, etc.) Finance (for accruals, bad debts provision on reinsurance recoverable, CDCA, etc.), Assisting in planning and re-forecasting exercise, providing data analytics support for treaty reinsurance purchase decision (as and when required).
- Financial reports to a wide range of teams - Insurance Leadership team, various teams in Finance, and Operations. It also provides reporting support to other areas within Ceded Re as and when required.
- Analysis of Ceded Performance against the plan, the impact of treaty placements on Combined Ratio (Insurance Segment)
- Exposure analysis concerning recoverable from major counterparts.
- Support for regulatory reporting requirements.
DISCOVER your opportunity
What will your essential responsibilities include?
- Work and assist the Ceded Re FP&A Manager in preparing and providing various financial analytics and reporting with a focus on quality review, timely delivery of reports, and collaboration with other teams and onshore.
- Prepare quarterly reports ceded financial dashboards. (Ceded Premium, Commission, Expenses, credit, and capital exposure, etc.)
- Treaty Placement analysis which results in the changes expected in written & earned premiums.
- Exposure analysis concerning recoverable from major counterparts.
- Support in regulatory reporting requirements.
- Development and maintenance of existing Excel reports to improve existing/new reports would be one of the core responsibilities.
- Support in Yearly Budgeting, Ceded Margin Analysis, Plan Allocation & other exhibits.
- Maintaining robust communication with onshore (both written and verbal) and managing expectations.
- Keeping the flexibility in reports to incorporate any high-level adjustments or structural changes.
- Support and involve in various Ceded Re projects.
- Provide backup to the core FP&A team and extended reporting team, in time of need.
- Ad hoc reports or projects.
- Will support Reinsurance Segment Reporting & Analysis.
- Will also assist in additional work on Legal Entity Reporting.
You will report to Manager - Finance, Planning, and Analysis
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