Lead Assistant Manager

Lead Assistant ManagerEXL/LAM/1483517

Insurance Finance & AccountingNoida

Posted On

22 Sep 2025

End Date

06 Nov 2025

Required Experience

7 - 9 Years

Basic Section

Number Of Positions

2

Band

B2

Band Name

Lead Assistant Manager

Cost Code

D900371

Campus/Non Campus

NON CAMPUS

Employment Type

Permanent

Requisition Type

New

Max CTC

950000.0000 - 1275000.0000

Complexity Level

Back Office (Complexity Level 2)

Work Type

Work From Office – Fully Working From EXL/ Client Offices

Organisational

Group

Insurance

Sub Group

Insurance

Organization

Insurance Finance & Accounting

LOB

Back Office

SBU

Operations

Country

India

City

Noida

Center

Noida - Centre 59

Skills

Skill

REPORTING

ACCOUNTING

GENERAL ACCOUNTING

RECONCILIATION

SOLVENCY II

REINSURANCE AND ACCOUNTING

INSURANCE

GAAP

Minimum Qualification

GRADUATE

B.COM

CA

CFA

Certification

No data available

Job Description

Job Description

Function

Permanent/ Temporary

Location

• Subject Matter Expert in Lloyds accounting and relevant reporting, General Accounting, Expense Allocations, Fixed Assets, Intercompany, Reconciliations, etc.
  
• Good knowledge on Syndicate accounting and three underwriting years, Reinsurance to Close (RITC) /Estimated Future liability (EFL)
  
• Booking of Solvency II adjustments like Goodwill and DAC Write off, Re class and other calculations
  
• Understanding of insurance and Reinsurance side of operations Bordeaux statements and settlements
  
• Preparation of process documentations, ad hoc reports and supporting manager
  

Essential Functions

• Requires the knowledge and ability to prepare and Premium Claims Journals and their Reconciliations, investigate problems,
  
• Insurance accounting Solvency II regulatory reporting experience and UK/US GAAP and IFRS 17 knowledge preferred.
  
• Good knowledge in Insurance and Reinsurance Domain: Claims and Underwriting/Pre & Post Bound Operations ability to understand the policy agreements and its endorsements and amendments done for financial impact
  
• Ability to understand the significance of various activities in statutory/GAAP accounting close cycle and deliver results accordingly.
  

Primary Internal Interactions

• Manager for the purpose of reporting performance, escalation handling, clarifying concerns, and seeking feedback and support
  
• Manager for the purpose of settling issues left unresolved by the Assistant Manager and monthly evaluation of performance
  
• Peers (team members) for the purpose of seeking co-operation & clarification on process-related matters & aiding and support when required
  

Primary External Interactions

• Onshore Team Manager and SMEs for daily planning of work and execution of deliverables
  
• Must demonstrate effective and diplomatic oral and written communication skills
  

Strong time management and team management and other organization skills

Skills

Technical Skills

• Chartered Accountant, CPA, CFA or equivalent with 4-6 years’ experience.
  
• B. Com with strong practical experience in reporting for more than 6-8 years.
  
• IFRS 17 knowledge is an add on
  

• Good understanding of Syndicate and PMA operations for Lloyd's market
  
• Good knowledge in Insurance and Reinsurance Domain: Claims and Underwriting/Pre & Post Bound Operations
  
• Should have expert level understanding of UK GAAP accounting principles and procedure Should have expert level understanding of GAAP accounting principles and procedures.
  
• Insurance accounting regulatory reporting experience or US GAAP/IFRS 17 knowledge mandatory.
  

• Must demonstrate effective and diplomatic oral and written communication skills
  
• Strong time management and organization skills
  

• Self-disciplined and result oriented
  
• Ability to multitask
  
• Ability to work effectively as part of a team
  
• Commitment and drive for results
  
• Strong analytical skills
  
• Ability to understand and question established process guidelines to bring about process improvements
  
• Ability to pay great mindfulness – especially during processing of transactions
  

Education Requirements

• Chartered Accountant, CPA, CFA or equivalent with 4-6 years’ experience.
  
• B. Com with strong practical experience in reporting for more than 7 - 9 years
  

• 4-6 years of experience in Insurance technical accounting or reporting area preferably with Syndicate or insurance company.
  
• Should have good understanding of GAAP accounting principles and procedures.
  

Workflow

Workflow Type

Back Office