Job Description - Reinsurance Specialist (Technical Operations) - Ceded Reinsurance (78004537D20241021)
Reinsurance Specialist (Technical Operations), Ceded Reinsurance
London, UK
Ceded Reinsurance is a strategic function within AXA XL in charge of defining and implementing the reinsurance strategy as well as administrating all reinsurance treaties through their lifecycle. Ceded Re is part of the AXA XL Risk Management function, with the AXA XL Chief Risk Officer being a member of the AXA XL Leadership team.
The Ceded Re Operations team is responsible for the administration of all Treaty Reinsurance business written within AXA XL and is composed of 4 key areas: Technical Operations, Technical Accounting, Data & Operations Reporting, and Central Operations.
This role resides within the Ceded Reinsurance Specialty Technical Operations team based in London, which is responsible for:
Global Specialty reinsurance policy set-up for Property & Aviation tower and administration of Ceded Reinsurance issued to brokers.
The individual will be required to oversee and manage the life cycle of Treaty, including but not limited to the following classes:
* Aviation War
* General Aviation
* Space
* Aviation Core
* Property (incl Core, dommage Ouvrage)
* Pools (Australia)
The individual will be required to:
* Manage and operate Ceded reinsurance in 3 operating system tools.
* Partner with our intermediaries to manage sanction-related issues.
* Work within Ceded Re and across departments to review and improve the Sanction review process.
* Build close relationships with the operations team based in India and hold regular calls to discuss workload and issues.
* Support the Ceded Re transformation journey, actively participating in projects that aim to drive efficiency.
* Oversee any cash calls to issue as per contractual provisions.
* Ensure all contractual reporting requirements are met.
* Work closely with the Technical Accounting team to support the credit control process and improve cash flow.
* Attend regular meetings with Ceded Placement Officers to understand new placements.
* Provide review and sign-off of new policy setup by ESS Shared Services in core systems.
REPORTING LINE
Chris Boom – Manager – Aviation & Property - Ceded Re Technical Operations
ENVIRONMENT AND CHALLENGES:
Mandate
The Ceded Re Operations team oversees accurate records of ceded reinsurance transactions across AXA XL BUs and is accountable for Treaties representing $7.4 Bn of ceded premiums in 2022.
* 700 contracts set up yearly in the 3 operating tools;
* 80k bordereaux issued per year;
* 1.2K statements issued per quarter for QS treaties;
* 40K claims movements reviewed per month;
* Large loss reporting to senior management for Ceded input.
Team Engagement
Working closely with our Shared services India team including monitoring, review, and training on reinsurance treaty matters.
Exposure within AXA XL
Work with our Inward processing Middle office area for matters of specific RI such as Facultative.
Claim management with brokers & reinsurers for any queries arising.
Legal – liaise with Legal for matters arising from claims and sanctions.
Senior claims management – exposure to senior claims management on large loss reporting.
Finance & Actuarial – communication on any claims adjustments post close for accrual consideration.
Ceded claims group – liaison on large claim matters.
We’re looking for someone who has these abilities and skills:
* Some experience with multiple lines of business in Reinsurance environment.
* Advanced command of MS Office, particularly Excel.
* Ability to liaise with key stakeholders internally and externally.
* Good collaborator with effective communication skills.
* Excellent time management and organization skills.
* Agility to work on several topics simultaneously.
* Experience working with a virtual team.
* Good eye for detail and process.
* Able to give training to the team as required.
* Ability to travel to other AXA XL offices for meetings and training.
FIND your future
AXA XL is known for solving complex risks. We don’t just provide re/insurance; we reinvent it.
At AXA XL, we know that an inclusive culture and diverse workforce enable business growth and are critical to our success.
AXA XL is an Equal Opportunity Employer.
Location
GB-GB-London
Work Locations
GB London 20 Gracechurch Street London EC3V 0BG
Job Field
Finance
Schedule
Full-time
Job Type
Standard
#J-18808-Ljbffr