Job Description

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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Contribute to developing longterm strategies, business plans, and key initiatives. Collaborate with executives to set department goals aligned with company objectives. Lead special projects and crossfunctional initiatives to enhance company growth. Oversee daytoday operations of assigned teams or departments. Ensure highquality service delivery and operational efficiency. Implement and monitor performance metrics, making adjustments as needed. Lead, mentor, and motivate teams to reach their full potential. Conduct regular performance reviews, providing constructive feedback. Foster a culture of teamwork, accountability, and continuous improvement. Manage budgets, forecast financial performance, and identify costsaving opportunities. Track departmental expenses and ensure adherence to budget. Develop and maintain strong relationships with clients, stakeholders, and partners. Act as a representative of the organization in client meetings and external events. Ensure all department activities comply with company policies, legal standards, and regulatory requirements. Identify and address potential risks, implementing mitigation strategies as needed.

Basic Qualifications

• Bachelor’s degree in Accounting, Finance, or related field

• 7–10+ years of accounting or finance experience, preferably in insurance or financial services

• 3–5+ years of leadership or supervisory experience

• Strong understanding of general ledger accounting, reconciliation processes, and financial controls

• Experience with insurance or financial services regulatory reporting

• Excellent verbal and written communication skills

• Demonstrated ability to lead cross-functional initiatives and influence stakeholders

• Advanced analytical and problem-solving skills

• Ability to prepare and present executive-level financial presentations

• Ability to operate in a fast-paced environment and manage competing priorities

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Preferred Qualifications

• Experience in Life Insurance or Annuity operations

• Experience supporting TPA or policy administration platforms

• Knowledge of insurance tax reporting (1099-R, withholding reporting, etc.)

• Experience with SOC1 / internal controls frameworks

• Experience with financial automation, reconciliation tools, or ERP platforms

• CPA or advanced accounting certification

• Lean Six Sigma or process improvement certification

• Advanced proficiency in Excel and financial analytics tools

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Why EXL

EXL is a global leader in data, analytics, and operations management. Our Life & Annuity Insurance practice provides end-to-end policy administration and transformation services for leading insurance carriers.

This role provides an opportunity to help shape the future of EXL’s finance and accounting operating model, supporting innovative insurance platforms and large-scale policy administration programs.