AXA XL is an Equal Opportunity Employer and does not discriminate against any colleague or applicant for employment on the basis of race, color, national origin, religion, sex, gender identity and/or expression, sexual orientation, age, disability, genetic information, veteran status, military status or any other category protected by local law. Junior Reinsurance Specialist (Ceded Reinsurance) 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, 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: 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. This will 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 our intermediaries to manage sanction related issues. The role will require close relations with our internal customers and colleagues in Claims, Underwriting, Finance, Actuarial and Legal. Work within Ceded Re and across departments to review and improve Sanction review process, liaising with inward teams for resource and process to gain insight for ceded. The role will be supported by our operations team based in ESS Shared services area in India. The individual will be required to build close relationships with the team and hold regular calls to discuss workload and issues, providing support as required. Support Ceded Re transformation journey, actively participating in projects which aim to drive efficiency. Review process and where appropriate suggest improvements. 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 and how ceded can be applied. Ensuring understanding of how placements for various lines of business interact and inuring relationships. 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 DISCOVER your opportunity 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 (excl. Internal treaties) representing $7.4 Bn of ceded premiums in B2022 (ca. 70 treaties) and corresponding to ca.: 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 and potential Access. 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 Efficient 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. 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 business − 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 Inclusion & Diversity At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It’s about helping one another — and our business — to move forward and succeed. Our enterprise I&D mission is to become the most inspiring company to work for. We’ll achieving this through our three areas of focus: Drive an Inclusive Culture —create a global workplace that works for everyone, with a culture that values all individuals, backgrounds and ideas, and where every colleague feels safe, valued and respected. Diversify Our Workforce —increase the representation of women in leadership, achieving 50% by 2023, and focus on underrepresented populations by region, positioning AXA XL as an employer of choice for all talent. Support Our Marketplace & Communities —support our communities and visibly and thoughtfully champion equity around the globe. Learn more at. AXA XL is an Equal Opportunity Employer. Corporate Responsibility At AXA XL our approach to corporate responsibility (CR) is the same as our approach to business; constantly seeking to provide innovative solutions to the world’s most complex problems. From offering our expertise, products and services to help build more resilient communities, to advancing understanding and response to climate change, our strategy – Our Impact. Our Future. – aligns key issues that are pertinent to our business – climate, water and financial resilience - and contributes to AXA Group’s purpose to “Act for human progress by protecting what matters.”. Climate\: We’re reducing our carbon footprint, protecting ecosystems and exploring how our business can help build a better world. Water\: We’re developing water resilience where it is — and will be — needed most. Financial resilience\: We’re helping create opportunities for the unemployed and underemployed, so they can be better prepared for unexpected changes. Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as our “Hearts in Action” programs. For more information, please see the Corporate Responsibility section on our website.