Senior Reinsurance Accountant
London, UK
AXA XL is looking for a highly organized and analytical Senior Reinsurance Accountant to join the Ceded Reinsurance Team in London, UK.
Responsibilities include:
* Analyzing and implementation of reinsurance treaty agreements protecting AXA XL group, identifying terms and conditions, analysis of premium/commission/claim registration, and other attachment criteria.
* Managing reinsurance program in place ensuring that complex reinsurance contracts are correctly interpreted to determine the accurate accounting for it; all entities covered are accounted for in relevant systems.
* Improving AXA XL's net risk/return profile with an emphasis on enhancing shareholder value, including reinsurance contract setup in appropriate systems; Ceded Premium booking/billing/payment; Loss recovery calculation; Recoveries collection from reinsurers.
* Working closely with the actuarial team to ensure correct reinsurance premium allocation based on global treaty terms.
* Partnering with Ceded Re Buyers and Business Units to prepare & evaluate ceded premium allocation.
* Managing multi-system/manual calculations of global claim aggregation/exhaustion; actuarial allocation to multiple systems of claim recoveries, reinstatement premiums, and monitoring AAD (Annual Aggregate deductibles).
* Responsible for month-end, quarter-end, and year-end closing processes of assigned reinsurance program for all relevant systems technical accounts.
* Understanding NAIC requirements for Schedule F and assisting in preparation of quarterly Schedule F statement for the insurance segment.
* Managing direct communications with external clients regarding contractual agreements accounting/cash flow and managing the company's collateral process.
* Developing, recommending, and implementing continuous improvements to processes, reports, and technology solutions.
* Training the offshore team.
* Performing monthly data quality/verification process and explaining discrepancies.
* Acquiring knowledge of the systems used within the company (ProCede, WINS, CH GENIUS, Hartford GENIUS, The Frame, Global Claims System, Documentum).
You will report to the Head of Regional Accounting Operations, Ceded Reinsurance, United States.
Required Skills and Abilities:
* Bachelor's Degree in business, finance, accounting or a related area.
* Moderate to extensive reinsurance accounting experience required.
* Experience in Finance and/or Reinsurance industry or equivalent combination of training and experience.
* Knowledge of various forms of reinsurance, specifically XOL contracts.
* Understanding of functions pertaining to ceded reinsurance accounting.
* Successful completion of industry professional designations - CPCU, AIAF or ARe preferable.
* Excellent written and oral communications skills.
* Proficient in Microsoft Office (Excel, Word, Access); knowledge of SQL preferred.
* Excellent research and analytical skills, robust financial reconciliation skills.
* Display excellent customer relation skills, as well as result driven.
Inclusion & Diversity
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.
Sustainability
At AXA XL, Sustainability is integral to our business strategy. Our 2023-26 Sustainability strategy, called "Roots of resilience," focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
The U.S. pay range for this position is USD 53,000 - 95,000. Actual pay will be determined based upon the individual's skills, experience, and location. #J-18808-Ljbffr