Senior Manager – Internal Financial Controls

Gurgaon, Haryana, India

As a Senior Manager of Internal Financial Controls, you will be delivering detailed risk, control objective and control design work for assigned IFC framework project areas, working with process owners and specialists to create sustainable, well-evidenced control solutions.

You will support a project to strengthen the design, documentation and sustainability of internal financial control arrangements across insurance and finance processes. The successful candidate will combine risk and controls expertise with sound judgement, credible challenge and transparent written communication.

What You’ll Be DOING

What will your essential responsibilities include?

- Deliver IFC framework assessments for assigned processes and financial statement areas, operating as a technical expert within a defined remit and working to agreed standards and milestones.
- Document end-to-end process understanding, relevant IFRS financial statement risks and existing control arrangements.
- Develop practical control design proposals that specify ownership, frequency, evidence, review criteria, escalation and retention requirements.
- Work self supportedly with process owners and subject-matter specialists to validate process facts, resolve complex or non-routine issues, challenge assumptions and refine proposed solutions.
- Complete risk-to-control mapping and coverage assessments, identifying where further information, design work or implementation action is required.
- Apply AXA Group Internal Control methodology consistently and explain the rationale for key judgements.
- Prepare high-quality working papers, design documents, enhancement plans and status updates, exercising judgement within the agreed methodology and escalating matters with a proposed way forward.
- Prepare high-quality working papers, design documents, enhancement plans and status updates, exercising judgement within the agreed methodology and escalating matters with a proposed way forward.
- Coordinate with business areas such as Finance, Operations and Technology, as well as assurance stakeholders, to obtain information and manage dependencies.
- Contribute to quality reviews and knowledge transfer, incorporating feedback promptly and consistently.
- Understand end-to-end processes, relevant systems, data flows, hand-offs and financial statement impacts before proposing control changes.
- Assess IFRS financial statement risks and translate them into clear control objectives linked to relevant assertions and process outcomes.
- Design sustainable controls that address underlying risks, with clear ownership, frequency, evidence, escalation and retention requirements.
- Apply AXA Group Internal Control methodology pragmatically, maintaining alignment to required standards while recognising operational realities.
- Distinguish genuine control design or coverage issues from documentation enhancements and evidence limitations, and explain the basis clearly.
- Produce complete, consistent documentation capable of withstanding Group IC and external auditor scrutiny.
- Support the development of standards, training, action tracking and the embedding of enhanced ways of working.
- Use specialist expertise and sophisticated analysis to resolve complex control issues and engage constructively with process owners through precise, credible challenge.
- Guide and influence colleagues and stakeholders within the assigned area and support the coaching and knowledge development of less experienced team members.

You will report to Senior Risk Governance Manager.

What You Will BRING

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

Required Skills And Abilities

- Robust understanding of insurance business processes, including underwriting, claims,



reinsurance, technical accounting, finance and reporting.
- Ability to understand IFRS financial statement risks and related financial statement assertions.
- Ability to translate risks into precise, practical and testable control objectives.
- Demonstrated experience designing sustainable controls rather than simply documenting current activities.
- Working knowledge of SOX, ICFR or comparable internal financial control frameworks and risk-to-control mapping.
- Ability to apply group methodology proportionately and pragmatically, documenting any judgement taken.
- Confidence to challenge process owners and senior stakeholders constructively and credibly.
- Excellent written communication skills with the ability to produce concise, evidence-based documentation suitable for governance and assurance review.
- Robust analytical skills, attention to detail and the ability to manage dependencies across multiple workstreams.
- Ability to assess financial statement coverage and maintain clear mapping between balances, processes, risks, controls and financial statement assertions.
- Practical understanding of process narratives, walkthroughs, risk and control matrices, design and operating effectiveness testing, and quality assurance expectations.
- Awareness of technology dependencies relevant to financial reporting, including critical financial applications, IT general controls, end-user computing and outsourced service providers.
- Ability to maintain consistent information across process documentation, testing evidence and risk and control systems, with a clear audit trail and disciplined version control.
- Robust change delivery and stakeholder communication skills, including the ability to develop standards, provide training, track actions and support the embedding of enhanced ways of working.
- Experience in SOX/ICFR consulting, Internal Control, technical accounting, finance transformation, external audit or insurance process roles.
- Practical experience documenting processes, assessing financial reporting risks, defining control objectives or designing controls.
- Exposure to insurance accounting or operational processes is preferred.
- Experience within a Big Four or specialist consulting firm, Internal Control function, technical finance team or insurance process SME role would be valuable.
- Relevant professional qualification, progress towards qualification, or equivalent practical experience in accounting, audit, risk, controls or finance.

Desired Skills And Abilities

- Ability to work self supportedly as a technical expert within a focused remit, adapting tactical and operational priorities to meet quality and delivery objectives.
- Demonstrated ability to produce accurate, well-structured work and respond positively to quality review feedback.
- Ability to balance attention to detail with timely delivery, contribute to standards and process improvements, and recognise the broader impact of decisions across the IFC framework.

Who WE are 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

What we OFFER

Inclusion

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 enables business growth and is critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and 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.

Total Rewards

AXA XL’s Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.

We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.

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.

📌 Senior Manager, Internal Financial Controls (Gurugram)
🏢 AXA XL
📍 Gurugram