Job Description:
As a Senior Specialist in our Alternative Capital Finance team you will support the financial accounting and reporting activities for our Alternative Capital strategies, delivering high-quality reports and analysis to investors, regulators, and internal management. You will have hands on responsibilities and ownerships to ensure that all internal and external reports are comprehensive, accurate, and delivered on time. The ideal candidate will be a qualified accountant, capable of explaining complex concepts clearly, and demonstrating a proactive attitude with outstanding sense of accountability in their work. Your work will directly impact investor confidence, regulatory adherence, and the strategic growth of our Alternative Capital strategies. This is a unique opportunity to develop your expertise within a globally recognized organization committed to innovation and excellence.
What you’ll be DOING
What will your essential responsibilities include?
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Investor Financial Accounting & Reporting: Prepare and review monthly and quarterly Net Asset Value (NAV), Income Statement and Balance Sheets for our investors. This includes handling the full scope of accounting, reporting, and financial analysis to ensure accurate, transparent, and timely communication with investors..
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Audit Assistance: Assist in the preparation and review of annual audited financial statements for fund and special purpose insurers and financial statements for the insurance manager, ensuring compliance with IFRS reporting standards. Serve as key point of contact for external auditors, facilitating a seamless audit process and efficiently addressing any queries and requests.
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Regulatory Reporting: Assist in the preparation of SPI, Fund and Insurance Manager BMA regulatory filings including statutory filings, economic substance returns and insurance manager filings.
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Group Reporting: Prepare and review accounting entries and quarterly reporting for the insurance manager. Collaborate with AXA XL finance teams and Ceded Re by preparing inputs and analysis to support group financial reporting of ceded ILS programs.
- Bordereau Management: Assist in the preparation, review, and settlement of bordereau reports, ensuring settlements are prepared accurately within contractual deadlines.
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Process Improvement: Contribute to the continuous enhancement of financial accounting and reporting processes for Ceded Re and Alternative Capital strategies.
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Cross-Functional Collaboration: Establish and maintain robust relationships across the AXA XL Alternative Capital team to coordinate and fulfill reporting and regulatory requirements, as well as to respond to investor queries as they arise. Foster collaborative relationships across various teams, including Operations, Ceded Re, and Divisional Finance, to ensure efficient workflow and data accuracy.
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Team Development & Support: Provide on-the-job training and guidance to junior team members to enhance their understanding of processes, procedures, and best practices, fostering their professional growth and ensuring team productivity.
You will report to Senior Manager, Financial Reporting and Accounting, Alternative Capital.
What you will BRING
The ideal candidate will demonstrate a combination of technical expertise, proactive attitude, and outstanding communication skills.
Required Skills and Abilities:
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Bachelor’s degree in Accounting, Finance or related field.
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Professional accounting designation (ACCA, ACA, CPA or equivalent).
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Big 4 auditing experience of reinsurance companies or some to moderate experience in reinsurance accounting.
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Sound knowledge of IFRS reporting of reinsurance companies.
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Proficient in Microsoft Excel and data management tools. Proficiency or willingness to acquire skills in VBA, Power BI and othe automation tools.
- Ability to clearly and concisely communicate complex information, both verbally and in writing.
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Willingness to work extended hours during busy periods.
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Must be proactive and able to meet challenges as they arise.
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Outstanding organizational skills and ability to multitask with attention to detail.
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Display excellent stakeholder management skills, with a results driven approach.
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
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.
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Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.
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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 Inclusion & Diversity at AXA XL | AXA XL. 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 enterprising 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:
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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.
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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.
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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.
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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 Sustainability at AXA XL.
