Reinsurance Specialist

4 months ago

London, United Kingdom AXA Group Full time

Reinsurance Specialist - 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 Marine tower and administration of Ceded Reinsurance issued to brokers.

The responsibility of this role will be to oversee and manage life cycle of Treaty, to include but not limited to the following classes;

•Marine

•Hull & Cargo

•Downstream energy

•Special risks solutions

•Upstream energy

•Cargo Facility

•Garex

DISCOVER your opportunity

What will your essential responsibilities include?

·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.

·Contribute to the Frame Fac Premiums process for XLICSE (liaise with Middle Office, settlement and premiums adjustments) until run-off.

You will report to the Assistant Manager – Ceded Re Technical Operations.

SHARE your talent

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

Required Skills and Abilities:

•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

•Robust 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.

Inclusion & Diversity

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