Specialist, Financial Reporting

Job Description Job Number: Specialist, Financial Reporting & Accounting ( Job Number: 13004884D20230621 ) DISCOVER your opportunity Sydney, Australia DISCOVERyour opportunity What will your essential responsibilities include? Support the Australian Branch production of APRA regulatory submissions, ICAAP Report, Regulatory Forecasts and FCR; Assist to prepare the local Strategic Plan / Budget / Forecast and prepare Business Plan for APRA submission. Monitor the Australian Branch's profitability including challenging product lines performance; produce relevant underwriting results and packs for the local ExCo and BU.Analyse key KPIs against Budget. Support the Branch's Chief Actuary by providing financial information and analysis Perform modelling and scenario analysis on the Branch's risk appetite and establish capital management strategies.Manage cash flows to ensure sufficient cash to meet operational needs of all relevant entities. Support various processes including PTRS, FX management, Interaction between Group business plan & reforecast, and local Business plan and reforecast and Investment strategy to define the best capital efficiency/income outcome. Ensure the risk register is updated at least annually and all Finance related Risk and related polices are updated annually. Manage the ICAAP Report & Summary Statement in collaboration with CFO. Establish a control framework around the ledger (including a review of the local_adj ledger, regular review of manual entries posted) Support the documentation of Reinsurance Arrangements twice a year Perform Finance Department operations such as overseeing the on-time submission of relevant tax returns and submissions, expense management through the relevant T&E system and controlling expenditure; Perform ad hoc analysis and support the CFO in various tasks as required. Lead or supervise both Global and Local Projects such as ESL decommissioning, process documentation & cash forecasting. You will report to the Head of Finance, Australia We're looking for someone who has these abilities and skills: Finance: Extensive experience in General Insurance Finance, with good understanding of the technical drivers of insurance profit and balance sheet movements. Legal & Regulatory Knowledge: Strong knowledge of APRA GI regulations and ATO tax requirements. Strong Collaborator:Develop and maintain productive working relationships with internal customers. Strong Communicator: Proven verbal and written communication, collaboration, presentation and influencing skills. Able to communicate effectively with internal and external stakeholders across cultures. Results Oriented: Approach tasks proactively, prioritize. Strong analytical and sound judgment skills with the ability to take initiative and to work independently. Continuous Improvement Focused: Willing to ask questions and explore new ideas. Eager to learn and focused on continuously improving technical skills and AXA XL claims capabilities. Customer Service: High dedication to client, team and vendor relations evidencing professionalism and diplomacy in all situations. Ethical approach: Have an impeccable reputation for ethics, integrity and the highest standards of professionalism. Education: Bachelor's degree and post degree qualifications (CA or CPA). 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. 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 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. 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 AXA XL is an Equal Opportunity Employer. Location Location : AU-NSW-Sydney Work Locations : AU NSW Sydney 123 Pitt Street 123 Pitt Street Angel PlaceLevel 28 Sydney 2000 Job Field Job Field : Finance Schedule Schedule : Full-time Job Type Job Type : Standard AXA XL is an Equal Opportunity Employer and does not discriminate against any colleague or applicant for employment on the basis of race, color, national origin, religion, sex, gender identity and/or expression, sexual orientation, age, disability, genetic information, veteran status, military status or any other category protected by local law.
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