Job Description - Junior Reinsurance Technician (12002601D20241029)
Junior Reinsurance Technician
Job Number: 12002601D20241029
Location: London, England, United Kingdom
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.
This role resides within the Ceded Reinsurance Specialty Technical Operations team based in London, which is responsible for managing the life cycle of Treaties for Global reinsurance including Property, Marine and Aerospace lines of business.
The individual will be required to participate in all aspects of administration of Ceded Reinsurance. Responsibilities include:
* Policy set-up in core systems
* Ensuring premium is paid as per contractual obligations
* Identification and application of ceded recoveries
* Working with broking intermediaries to resolve reinsurer issues & sanctions
* Application of Retro RI tool to ensure correct QS cessions
The individual will be required to:
* Manage and operate Ceded reinsurance in 3 operating system tools.
* Partner with 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.
* Support Ceded Re transformation journey, actively participating in projects which 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.
* Provide review and sign-off of new policy set up by ESS Shared Services in core systems.
REPORTING LINE
Alex Davey – Senior Manager – Specialty & Property - Ceded Re Technical Operations
ENVIRONMENT AND CHALLENGES:
Mandate
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.
Team Engagement
Working closely with the Shared services team in India, including monitoring, review, and training on reinsurance treaty matters.
Exposure within AXA XL
Work with various departments including Claims, Legal, and Finance.
We’re looking for someone who has these abilities and skills:
* Some experience with multiple lines of business in Reinsurance.
* Advanced command of MS Office, particularly Excel.
* Ability to liaise with key stakeholders.
* Good collaboration and communication skills.
* Excellent time management and organization skills.
* Agility to work on several topics simultaneously.
* Experience working with a virtual team.
* Detail-oriented and process-focused.
* Willingness to travel for meetings and training.
FIND your future
AXA XL is known for solving complex risks and offers an innovative approach to risk solutions.
Inclusion & Diversity
AXA XL is committed to attracting, developing, and retaining a diverse workforce.
Corporate Responsibility
AXA XL seeks to provide innovative solutions to complex problems, focusing on climate, water, and financial resilience.
Location
GB-GB-London
Work Locations
20 Gracechurch Street, London, EC3V 0BG
Job Field
Finance
Schedule
Full-time
Job Type
Standard
AXA XL is an Equal Opportunity Employer.
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