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Senior Reinsurance Accountant

1 month ago

London, Greater London, United Kingdom AXA XL Full time
{"title": "Senior Reinsurance Accountant", "description": "AXA XL Career Opportunity

We are seeking a highly organized and analytical Senior Reinsurance Accountant to join our Ceded Reinsurance Team in London, UK.

Key Responsibilities:
  • Analyze and implement reinsurance treaty agreements to protect AXA XL group, identifying terms and conditions, premium/commission/claim registration, and other attachment criteria.
  • Manage the reinsurance program to ensure complex reinsurance contracts are correctly interpreted to determine accurate accounting.
  • Improve AXA XL's net risk/return profile by enhancing shareholder value through reinsurance contract setup, ceded premium booking/billing/payment, loss recovery calculation, and recoveries collection from reinsurers.
  • Work closely with the actuarial team to ensure correct reinsurance premium allocation based on global treaty terms.
  • Partner with Ceded Re Buyers and Business Units to prepare and evaluate ceded premium allocation.
  • Manage global ceded recoveries, including multi-system/manual calculations of global claim aggregation/exhaustion and actuarial allocation.
  • Communicate with external clients regarding contractual agreements accounting/cash flow and manage the company's collateral process.
  • Train the offshore team.
  • Perform monthly data quality/verification process and explain any discrepancies found.
  • Acquire 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.

Requirements:

  • 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.
  • Understanding of functions pertaining to ceded reinsurance accounting.
  • Proficient in Microsoft Office (Excel, Word, Access). Knowledge of SQL is preferred.
  • Excellent research and analytical skills, robust financial reconciliation skills.

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.

", "lang_code": "en"}