AXA
Retrocessions Junior Reinsurance Technical Accounting Specialist
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Retrocessions Junior Technical Accounting Specialist
AXA XL is an Equal Opportunity Employer.
London, United Kingdom
About the Role
The Ceded Reinsurance department at AXA XL plays a crucial role in defining and implementing reinsurance strategy and overseeing the administration of reinsurance treaties throughout their lifecycle. As part of the AXA XL Risk Management function, the Ceded Re team is under the leadership of the AXA XL Chief Risk Officer.
The Retro Ceded Re Operations team is responsible for the administration of all Retro Treaty Reinsurance business placed within AXA XL. Retro Ceded Re Operations is composed of both Technical Operations and Technical Accounting.
Responsibilities
- End-to-end credit control of Retro Ceded Accounts Receivable, Accounts Payable (ARAP)
- Escalation at various levels to ensure closure of open items
- Bank account reconciliation
- Perform reconciliation between Destiny (operating tool) and Financial Data Mart (FDM)
- Billing process and BDX management monitoring
- Interact with Ceded Re Insurance segment team
- Regulatory and Operational report production and submission
- Internal Control – Ensuring that processes and controls are complied with in accordance with our internal control framework
- Provide support and assistance to Line Manager
- Support Audit (internal/external) requests
This role will also support the following BAU activities:
- ARAP backlog clearance project
- Ceded XOL Risks claims reporting
- Bermuda reporting
You will report to Senior Manager Retrocession Operations.
Qualifications
- Graduate / Post Graduate
- Knowledge of insurance/reinsurance would be beneficial
- Effective written and verbal communication and interpersonal skills to work effectively with internal stakeholders, brokers, and reinsurers
- Positive, innovative, and make it better mindset to bring operational efficiencies
- Experience in MS-Excel and PowerPoint is required – support segment KPI and management reporting
- Self-starter who is solution-oriented and has the ability to work within a team environment
- Organized with the ability to sort multiple priorities, meet tight deadlines, and detail-oriented
- Ability to use initiative in day-to-day activities to resolve issues or flag to management for review
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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 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.
- 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.
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.
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For more information, please see axaxl.com/sustainability.
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.
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