Senior Specialist, Financial Reporting & Accounting

Senior Specialist -Financial Reporting and Accounting

Hamilton, Bermuda

Stamford, CT I New York, NY I USA

The successful candidate will be responsible for the financial accounting and financial reporting of the AXA XL ILS Capital Management, Ceded reinsurance and Alternative Capital vehicles. Providing analysis to the investors and management. Ensuring internal and external reporting is complete and accurate. Maintain open communication between all levels of management related to Ceded Reinsurance. The successful candidate will have the ability to communicate complex concepts clearly to any stakeholder as well as take initiative and demonstrate accountability.

DISCOVER your opportunity

What will your essential responsibilities include?

Prepare annual audited and/or unaudited financial statements for directors, investors and the BMA

Preparation of Monthly/Quarterly Financial Statements for investors

Preparation of NAV and submission of NAV to investors

Liaise with external auditors and assist with year-end audit queries

Organize the preparation, review and settlement of bordereau reports

Assist in the continuous development and improvement of Ceded Re and Alternative Capital financial reporting.

Prepare robust analysis of ceded variances to Budget, Forecast and other Internal Reporting

Deliver formal presentations of NAV/results to senior internal/external stakeholders.

Develop and manage collaborative cross functional relationships between various teams, including, but not limited to, Operations, Ceded Re, and Divisional Finance.

Maintain excellent organizational and planning skills to support productivity and efficiency

You will report to Senior Manager, Financial Reporting and Accounting, Ceded Reinsurance.

SHARE your talent

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

Required Skills and Abilities:

Bachelor’s degree (Accounting/Finance preferred)

CPA or other accounting designation

Big 4 auditing experience of reinsurance companies or 3 years’ experience in reinsurance accounting

Ceded Reinsurance and ILS experience would be an asset

Must demonstrate sound knowledge of GAAP as it relates to the reinsurance industry and alternative investments

Willingness and ability to work long hours during peak periods

Must be proactive and able to meet challenges as they arise

Proven efficiency in ability to multitask with attention to detail.

Proficient in Microsoft Office (Excel, Word, Access)

Knowledge of IFRS, particularly IFRS 17 is desirable

Ability to multi-task and interact with all levels within the organization

Be a good team player contributing to the overall culture of Ceded Re

Has good communication and interpersonal skills

Display excellent stakeholder management skills as well as results driven.

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 74,000 – 145,500. 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).

Schedule: Full-time