XL Group has flagged the Senior Analyst, Financial Reporting & Accounting job as unavailable. Let’s keep looking.

Head of Group Consolidation, Close and Reporting, Financial Accounting & Reporting(

Job Number:

78001848D20240222)

Flexible Work Eligible: None 

DISCOVER your opportunity

Head of Group Consolidation, Close and Reporting, Financial Accounting & Reporting

Stamford, CT I USA

The role of Head of Group Consolidation, Close and Reporting, Financial Reporting & Accounting is part of AXA XL’s Chief Accounting and Capital Officer (CACO) team. The successful candidate will oversee the accounting consolidation, financial close and reporting functions across the US and India. This includes managing a team of over 60 people in the US and India with oversight of the preparation, review and delivery of AXA XL results for inclusion in the AXA Group Annual Report, other public filings and analyst materials, as well as internal management reporting. The comprehensive nature of the close and reporting obligations will require an ability to navigate a complex organization and work effectively with leaders across functions beyond the Chief Accounting function, including FP&A, Actuarial, Tax, Treasury, Finance Operations, AXA Group and others to ensure collective understanding of reporting requirements; cultivating and maintaining robust relationships across the Finance organization will be foundational to success. AXA’s acquisition of XL Group, and ongoing alignment activities, provide a great opportunity to continue to shape the Group Reporting function, drive meaningful change through continuous improvement and developing/incorporating new solutions as the CACO team works closely together using ingenuity to solve problems.

This position offers exposure to leaders throughout the broader Finance function, and therefore tangible opportunities to broaden and deepen knowledge of the re/insurance industry. It also comes with critical responsibilities to ensure the timely and accurate adherence to AXA Group financial reporting requirements and execution of key internal controls commensurate with a being part of a large publicly traded company.

DISCOVER your opportunity

What will your essential responsibilities include?

  • Lead the AXA XL Division closing process, including managing the corporate close calendar with transparent communication across the division. Oversee Management Accounts to deliver critical financial statement information related to the division, as well as manage the unadjusted audit difference process.
  • Lead the AXA XL Division Reporting process end-to-end, from establishment and adherence to internal timelines through to review and ultimate submission of key deliverables on quarterly, interim and annual basis. These deliverables encompass AXA XL’s contribution to the AXA Group financial statements and footnotes, MD&A disclosures and investor presentations, internal management analyses and materials for AXA Group clearance meetings.
  • Oversee diverse closing activities, particularly insurance technical closures, which entail substantial collaboration with the actuarial close team and internal quota share arrangements, involving interactions with the ceded reinsurance team.
  • Manage the HFM consolidation hierarchies essential for supporting the closing, consolidation, and reporting process. Ensure smooth data flow into the AXA Group Magnitude reporting tool and oversee user access to the applications.
  • Collaborate directly with external auditors and internal financial controls teams to furnish requested documentation, reconcile general ledger balances, and supervise the review of the company’s audited financial statements.
  • Oversee the preparation of the AXA XL Division Cash Flow Statement and implement process improvements.
  • Oversee the preparation of the AXA XL Division Statement of Changes in Shareholders Equity and the monitoring of and explaining all components of equity. Ensuring these transactions are reported accurately in Magnitude to ensure proper elimination at the AXA Group level.
  • Work directly and closely with the XL Bermuda finance team with joint ownership of the preparation of the XL Bermuda annual consolidated financial statements.
  • Develop key reporting processes and offer solutions to automate and improve analysis.
  • Oversee team in US and India and manage performance measurement and goal setting.
  • Oversee ad hoc projects as required.

You will report to the Chief Accounting and Capital Office in Stamford, CT.

SHARE your talent

SHARE your talent

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

Required Skills and Abilities:

  • Bachelor’s degree in Accounting or Finance or equivalent
  • Externsive reinsurance/insurance industry accounting and/or financial reporting experience.
  • CA/CPA or other accounting designation or Masters degree in accounting or finance required.
  • Robust experience with ledger-based reporting/consolidation systems (e.g. HFM, SAP Consolidation/Magnitude) as well as advanced knowledge of Microsoft Excel.
  • Project management skills with a demonstrated capability to handle competing priorities during compressed reporting timelines.
  • Ability to navigate a complex global organization, understand constituencies served, and develop/leverage relationships necessary to bring matters to resolution.
  • Active listening, critical thinking and problem-solving skills, a high degree of accountability to self and the team, and a proven ability to work independently.

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, 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 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 Sustainability at AXA XL.

The U.S. pay range for this position is USD 147,000 – 273,000. Actual pay will be determined based upon the individual’s skills, experience, and location. We strive for market alignment and internal equity with our colleagues’ pay.

At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits. We also believe in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers. For more details about AXA XL’s benefits offerings, please visit US-Benefits-at-a-Glance_2023_US.pdf (myaxaxlbenefits.com).

AXA XL is an Equal Opportunity Employer.

Location

:US-CT-Stamford 

Work Locations

US CT Stamford 677 Washington Blvd 

677 Washington Blvd. 

Stamford 06902

Job Field

:Finance

Schedule

:Full-time

Job Type

:Standard

Read Full Description
Confirmed 21 hours ago. Posted 28 days ago.

Discover Similar Jobs

Suggested Articles