Salary Range: $125k-$150k + bonus
EXL is seeking an experienced Assistant Vice President (AVP) of Finance & Accounting to lead finance operations supporting our Life & Annuity Third-Party Administration (TPA) platform. This leader will oversee accounting operations, financial controls, and regulatory reporting associated with policy administration, client funds, and tax reporting.
The AVP will partner closely with Operations, Technology, Implementation, and Client Leadership teams to ensure financial accuracy, regulatory compliance, and operational scalability across EXL’s rapidly growing Life & Annuity business.
This role is responsible for managing core accounting operations, tax reporting, reconciliation processes, financial controls, and client financial reporting, while driving automation and continuous improvement initiatives across the finance organization.
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Key Responsibilities
Finance & Accounting Leadership
• Lead the accounting and finance operations supporting EXL’s Life & Annuity TPA services, including general ledger activities, reconciliations, journal entries, and financial reporting.
• Oversee daily, weekly, and monthly bank account and trust account reconciliations associated with policyholder funds and client accounts.
• Manage accounting for premium receipts, disbursements, policyholder transactions, and settlement activity.
• Ensure accurate general ledger maintenance, financial close processes, and reporting integrity.
Regulatory, Tax & Compliance Oversight
• Oversee preparation and filing of required federal and state tax reporting, including 1099-R, withholding reporting, and tax remittances.
• Ensure compliance with insurance regulatory requirements, accounting standards, and client contractual obligations.
• Serve as a subject matter expert on tax and financial regulatory requirements impacting life insurance and annuity products.
• Support internal and external audits, including SOC1, regulatory examinations, and client audits.
Financial Controls & Risk Management
• Develop and maintain robust financial controls, reconciliation procedures, and accounting governance frameworks.
• Partner with Risk, Compliance, and Internal Audit teams to ensure adherence to internal control standards and operational risk frameworks.
• Monitor and resolve financial exceptions, variances, and operational anomalies.
Client & Stakeholder Engagement
• Serve as a finance leader for client relationships, supporting financial discussions, reporting, and operational improvements.
• Represent EXL’s finance capabilities in client presentations, implementations, and prospective engagements.
• Partner with Implementation teams to support financial onboarding of new client blocks and conversions.
Operational Excellence & Transformation
• Identify opportunities to improve financial processes through automation, analytics, and digital tools.
• Drive process improvements leveraging data analytics, automation, and financial technology solutions.
• Collaborate cross-functionally with Operations, Technology, and Product teams to enhance scalability and efficiency.
Team Leadership
• Lead, develop, and mentor accounting professionals while building strong bench strength within the organization.
• Foster a culture of accountability, continuous improvement, and operational excellence.
• Establish performance goals and coaching frameworks for team development.
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