Reinsurance Specialist – Ceded Reinsurance

Reinsurance Specialist

AXA XL is an Equal Opportunity Employer.

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. This is from receiving finalised contract, system entry and working with Offshore team, ensuring payment of premium or quarterly amounts are issued and in order, other functions for Finance, checking financials are in order, administration and calculation of treaty tasks such as premium adjustments, profit commissions, overview of accounts to date, receiving and resolving queries. Ad-hoc projects.

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. The role will be responsible for the Global Specialty reinsurance policy set-up for Marine tower and administration of Ceded Reinsurance issued to brokers.

You will report to: Ceded Reinsurance, Assistant Manager - Technical Operations

What you'll be doing

What will your essential responsibilities include?

• Provide support and assistance to the Technical Operations team with daily activities.
• Contribute to billing process and BDX management monitoring;
• Regulatory and Operational reporting - production and submission of operational regulatory reporting.
• Provide support and assistance to the Technical Accounting team when required.
• Daily interaction with the teams based in India;
• Escalation at various levels to ensure closure of open items;
• Perform reconciliation between Destiny (operating tool) and Financial Data Mart (FDM);
• Interact with Ceded Re Insurance Segment team; Internal Control - Ensure that processes and controls are complied with in accordance with our internal control framework.
• Support Audit (internal/external) requests.

This Role Will Also Support Below BAU Activities

• ARAP backlog clearance project
• Ceded XOL Risks claims reporting
• Bermuda reporting

Review quarterly Ceded Reserve Analysis prepared by Actuarial Department

What you'll bring

We're looking for someone who has these abilities and skills:

Required Skills And Abilities

• Technical Reinsurance Knowledge
• Robust understanding of ceding reinsurance processes and systems.
• Familiarity with managing and operating reinsurance tools and platforms.
• Knowledge of contractual reinsurance arrangements and reporting requirements.
• Analytical and Process Improvement Skills
• Ability to review, analyze, and enhance reinsurance and sanction review processes.
• Experience in identifying inefficiencies and implementing process improvements.
• Proficiency in data analysis and interpretation related to reinsurance operations.
• Relationship Management and Collaboration
• Excellent interpersonal skills to partner effectively with internal teams (Claims, Underwriting, Finance, Actuarial, Legal) and external intermediaries.
• Effective communication skills to build and maintain productive relationships.
• Ability to coordinate and collaborate across diverse departments and global teams.
• Regulatory and Compliance Awareness
• Understanding of sanctions, legal, and regulatory requirements impacting reinsurance operations.
• Ability to manage sanction-related issues in accordance with applicable regulations.
• Financial and Credit Control Acumen
• Knowledge of cash flow management, cash calls, and contractual financial obligations.
• Ability to work closely with Technical Accounting and Credit Control teams to optimize cash flow and ensure timely payments.
• Communication and Reporting Skills
• Proficiency in preparing and reviewing reports to meet contractual and regulatory requirements.
• Ability to communicate complex issues clearly during meetings and cross-functional discussions.
• System and Data Management
• Experience in reviewing and approving policy setup in core reinsurance systems.
• Competence in working with shared service teams for data accuracy and system updates.
• Organizational and Time Management Skills
• Punctuality - To the office and meetings.
• Ability to manage multiple tasks and deadlines effectively.
• Effective organizational skills to coordinate meetings, reviews, and follow-ups.

Desired Skills And Abilities

• Project Management and Change Management
• Experience supporting and participating in transformation initiatives and projects.
• Ability to contribute actively to process improvement projects and change efforts.

What we offer

Inclusion
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. At AXA XL, we know that an inclusive culture and enables business growth and is critical to our success. That's why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential.
It's about helping one another — and our business — to move forward and succeed.

• Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.
• Robust support for Flexible Working Arrangements
• Enhanced family-friendly leave benefits
• Named to the Diversity Best Practices Index
• Signatory to the UK Women in Finance Charter

Learn more at AXA XL is an Equal Opportunity Employer.

Total Rewards
AXA XL's Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.

We're committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.

Sustainability
At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our Sustainability strategy, called "Roots of resilience", focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.

Our Pillars

• Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society - are essential to our future. We're committed to protecting and restoring nature - from mangrove forests to the bees in our backyard - by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
• Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
• Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We're training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
• AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL's "Hearts in Action" programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day - the Global Day of Giving.

For more information, please see

Who we are

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