Hiring for Management Trainee Bengaluru, Delhi NCR for Exp. 1 - 3 Years at XL India Business Service (Delhi Job)
(Not Shown) (Please mention IndiaDynamics.com when contacting)
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 & 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 & Profit and Loss analysis including Ratio analysis, Policy level analysis, Management data & 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 chartfields level restructuring / changes in General Ledger. Preparation of internal ceding treaties reconciliations on monthly & Quarterly basis for US and Europe 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 & investigation of any exceptions in reconciliations. Identify process improvements and make recommendations to streamline the process. Assist in quarterly close & reporting process and ensure FIC compliances.