Head of Reinsurance Segment Controllership

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Head of Reinsurance Segment Controllership

The Reinsurance Controllership role is a Global role supported by team with members located in US, Ireland and India. The role reports to Chief Accounting Officer (CAO) and is responsible for Contollership and Segment Management reporting of the Reinsurance Segment. The team provides analytics and management information to Regions, actuarial, corporate and Reinsurance Leadership team.

DISCOVER your opportunity

What will your essential responsibilities include?

• Key point of contact for managing the financial reporting process of Reinsurance Segment and all associated activities for the corporate consolidation. Ensure compliance with corporate and segment timetables and quality and accuracy of output.

• Compilation of a Segment set of financial statements for both balance sheet and income statement to be used to provide understanding of the changes quarter to quarter that are supported by commentaries received from regions.

• Ensure compliance with the AXA group accounting standards for the segment reporting.

• Reserve Reconciliations and co-ordinate with Actuarial and Regional Finance teams to document the bridging items between Actuarial and Finance, supplemented with a quarterly memorandum

• Strive for improvements in processes, data quality and information provision. Specific targets to include enrichment of data and improved processes across segment with the view to incorporating efficiencies and Standardization across the regions and Segment. Collaborate with the Regional Segment Controller to ensure consistencies across Reinsurance Segment overall.

• Managing the expectations and key deliverables of the Corporate team and managing the AXA Group financial schedules requirements for Reinsurance Segment and ensuring alignment is understood across regions for timely delivery.

• Balance Sheet Analytics and supporting the Internal/External/IFC audit review.

• Perform centralized controls to assure the accuracy and reliablity of the Financial information and to support the audit requirements with both external and internal parties.

• Provide leadership to the Segment Finance team and ensure to provide opportunities to staff where appropriate and to consider their development.

• Support the business planning and strategic process as needed, specifically leading the technical and operating expenses within the ledger and reporting tools, lead by the Head of Financial Planning & Analytics.

• Lead the Finance Functional Team meetings for development of data enrichment and architecture. Represent Finance in the Functional IT Steering Group and work closely with the CFO/CAO on all Finance IT strategic initiatives.

• Managing IFRS architecture flow, and reporting financials on IFRS basis. Testing the Income Statement and Balance Sheet packs. Leading all Workstream Calls on Regular basis and create documentation for updates to regions.

• Reinsurance segment lead for the IFRS 17. Manage movement from IFRS 4 to IFRS17 ledgers and ensure appropriate understanding of adjustments made due to IFRS 17 requirements such as discounting, acquisition costs, underwriting expenses and classifications. Provide analysis and explanation of financial movements. Support regional statutory teams, reporting under IFRS, with regard to understanding the movements in IFRS 17, if and when required. The key is to be the subject matter expert on financial impacts of IFRS 17 within segment. This will require collaborating with actuarial and others experts.

• Build and develop the accounting team to deliver department goals in efficient and effective manner.

• Lead and manage specialized accounting projects and cross functional efforts.

• Support the CAO with managing the relationships with external auditors and other parties supporting financial accounting and reporting.

• Suggest, project manage and report on progress of other ad hoc duties and projects as required to further our Reinsurance department strategy and goals. Ensure accountability in various workstreams.

SHARE your talent

SHARE your talent

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

• Qualified accountant with extensive post-qualification relevant experience in the insurance and reinsurance industry.

• Bachelors with extensive post-qualification experience demonstrating progressive positions held in the insurance and reinsurance industry.

• Must have knowledge and experience with GAAP/IFRS accounting and reporting. Emphasis is on IFRS 17 experience.

• Working knowledge of data analysis and performance/operation metrics.

• Working knowledge and experience with Oracle, and Hyperion Financials and general ability to understand financial reporting databases and tools.

• Must possess robust analytical and report writing skills as well as solid organizational and communication skills.

• Demonstratable previous experience working in a global organization with demands across multiple time-zones.

• Results Oriented: A keen ability to execute and deliver results. Approach tasks proactively and anticipate needs. Deliver quality.

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 axaxl.com/sustainability