Flexible Work Eligible: Flexible Work Schedule
DISCOVER your opportunity
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, the AXA XL Chief Risk Officer being member of AXA XL Leadership team.
Ceded Re Operations team is responsible for the administration of all Treaty Reinsurance business written within AXA XL. Ceded Re Operations 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 life cycle of Treaty, to include 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 Sanction review process.
* Build close relationships with the operations team based in ESS Shared services area 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 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 set up by ESS Shared Services in core systems.
REPORTING LINE
Chris Boom – Manager – Aviation & Property - Ceded Re Technical Operations
ENVIRONMENT AND CHALLENGES:
Mandate
Ceded Re Operations team oversees accurate records of ceded reinsurance transactions (Treaties, Facs and Captives) across AXA XL BUs (UK & Lloyds, Americas, APAC & Europe) and is accountable and responsible for Treaties representing $7.4 Bn of ceded premiums in B2022.
* 700 contracts set up year 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 (Genius);
* 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 claim and also with regard to Sanctions.
Claims adjusters – build relationships with internal claims adjusters.
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.
SHARE your talent
We’re looking for someone who has these abilities and skills:
* Some experience with multiple lines of business in Reinsurance environment in previous roles.
* Advanced command of MS office and in particular advanced Excel skills.
* Ability to liaise with key stakeholders internally and externally.
* Good collaborator: can work effectively with key stakeholders at all levels.
* Coaching and capability-building, conscientious about quality and accuracy of work provided.
* Excellent time management and organization skills.
* Agility and ability to work on several topics at the same time.
* Experience working with a virtual team.
* Effective communicator: Excellent verbal and written communication, collaboration both in person and virtual.
* Able to work to tight deadlines in order to correctly reflect in financials for close.
* Good eye for detail and process.
* Comfortable in giving training to team where required.
* Ability to travel to other AXA XL offices for meeting and training colleagues.
FIND your future
AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks.
Learn more at axaxl.com
Inclusion & Diversity
At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success.
Learn more at axaxl.com/about-us/inclusion-and-diversity. 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
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