Retrocessions Junior Reinsurance Technical Accounting Specialist

Retrocessions Junior Technical Accounting Specialist

AXA XL is an Equal Opportunity Employer.

London, United Kingdom

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.

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.

What you’ll be doing

What will your essential responsibilities include?

• 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 Below BAU Activities

• ARAP backlog clearance project
• Ceded XOL Risks claims reporting
• Bermuda reporting
  
  

You will report to Senior Manager Retrocession Operations.

What you’ll bring

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

• 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 orientated and has the ability to work within a team environment

Organized with the ability to sort multiple priorities, meet tight deadlines and detail orientated

Ability to use initiative in day to day activities to resolve issues or flag to management for review

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. 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.

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 bu

siness − 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