Hiring for Deputy Manager - Financial Accounting (us/uk Accounting/ifrs) Gurgaon for Exp. 4 - 7 Years at XL India Business Services Pvt. Ltd..

  • Esteemed client of Orion TrueTech Services India
  • Gurgaon, Haryana, India
  • Apr 17, 2018
Full time Banking, Finance & Insurance Jobs

Job Description

Job Description:Finance Close team provides accounting support to various XL Catlin legal entities based out of Bermuda, UK and US. The key activities of the team involve analysis of Balance Sheet and Profit &amp Loss including ratio analysis, preparation of balance sheet reconciliations along with commentaries, booking of manual adjustments to incorporate new treaties, booking of manual adjustment to incorporate entity level changes in GL, preparation of internal ceding treaties reconciliations for US and Europe geography, booking of manual adjustments to correct ceding percentage changes, booking of post close cash adjustment journals, etc. What will your essential responsibilities include? Preparation of balance sheet reconciliations such as Receivable/Payable, Losses, Unearned premium and Deferred acquisition cost. Balance sheet &amp Profit and Loss analysis including Ratio analysis, Policy level analysis, Management data &amp analysis, commentaries etc. Booking of manual adjustment to incorporate new internal and external re-insurance treaties at group level. Booking of manual adjustment to incorporate legal entity, operating units and other chart fields level restructuring / changes in General Ledger. Legal entities. Booking of manual adjustment to correct ceding percentage changes, Statutory to General ledger reclasses on quarterly basis in Oracle General Ledger. Booking of Post Close Cash Adjustments journals (Including internal / external ceding treaties adjustments) to account for cash transactions that take place after underwriting source systems close to reconcile the bank accounts on quarterly basis in Oracle General Ledger. Liaise with onshore stakeholder in the Identification &amp investigation of any exceptions in reconciliations. Identify process improvements and make recommendations to streamline the process. Assist in quarterly close &amp reporting process and ensure FIC compliances