Ceded Reinsurance Senior Analysts - Operations

AXIS Capital; Toronto; Remote; CAD 70,000 - 120,000; Full time

Job summary

AXIS Capital is seeking a Ceded Reinsurance Sr Analyst - Operations to oversee treaty administration and client services. This role requires strong analytical skills, a Bachelor's degree in Accounting, and 4-7 years of experience in reinsurance operations. The ideal candidate will excel in communication and teamwork, contributing to the company's growth and profitability goals.

Qualifications

• 4-7 years’ experience in reinsurance operations.
• Strong analytical and reconciliation skills.
• Proficiency in Microsoft Office suite.

Responsibilities

• Provide oversight and operational support for treaty administration.
• Coordinate payment processing and administration.
• Develop strong relationships with internal and external clients.

Skills

Analytical skills

Reconciliation skills

Communication skills

Team collaboration

Education

Bachelor’s degree in Accounting or equivalent

Tools

Microsoft Office

MS Excel

ProCede

Oracle / SmartView

Job description

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking, and superior risk-adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined, and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.

• Please note this role can be a remote-based role
• How does this role contribute to our collective success?

The Ceded Reinsurance Finance and Operations function is responsible for delivering a strategic and forward-looking global organization that will :

• Advance the Company’s growth and profitability goals through the enablement of the Ceded strategy.
• Provide clear accountability for outward reinsurance contracts administration, outwards reinsurance controls, and outward reinsurance reporting; and
• Drive process excellence and better data and analytics through technological enablement and our partnership with Genpact.

What will you do in this role?

The Ceded Reinsurance Sr Analyst - Operations will report to the Ceded Reinsurance Manager - Operations. This role will provide oversight and operational support for treaty administration and client services including ceded premium and loss market reporting, collections, and other related ceded activities.

• Apply your working knowledge of ceded reinsurance contracts and reporting requirements to assure ceded premiums and loss market reporting is compliant
• Coordinate the review, communication, and settlement of treaty bordereaux as well as resolving related inquiries
• Coordinate payment processing and administration with support team
• Responsible for monitoring and collections of bordereau recoverable balances
• Develop strong relationships with internal and external clients to ensure accurate communication and timely response to inquiries
• Working knowledge of foreign currency exchange related to currency conversion and settlements
• Assist with cash administration including system allocations, GL postings, and reconciliations
• Support departmental compliance with operational controls including, but not limited to SOX controls

You may also be required to take on additional duties, responsibilities, and activities appropriate to the nature of this role.

About You :

We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.

• Highly motivated and organized to drive company initiatives, showing a strong level of accountability, integrity, and professionalism
• Proven ability to meet tight deadlines, work effectively during occasional challenging timelines, and respond to changing priorities
• Team player with ability to collaborate with internal and external customers, understand the needs and goals of a customer and actively look for ways to meet or exceed them
• Excellent oral and written communication skills, which will include report writing skills and the ability to develop and maintain effective working relationships.

What you need to have :

• Bachelor’s degree in Accounting or equivalent
• Range 4-7 years’ experience in reinsurance operations
• Strong analytical and reconciliation skills
• Proficiency in Microsoft Office suite of products applications (Outlook, Word, and PowerPoint).

Advanced to intermediate in MS Excel

What we prefer you to have :

• Internationally recognized qualification pursuit or equivalent experience (CPA, CA, ARe, CPCU) a plus
• Retrocession and / or third-party capital industry knowledge with operations and reporting experience a plus
• Experience with ceded reinsurance and financial systems a plus (ProCede and Oracle / SmartView)

What we offer :

For this position, we currently expect to offer a base salary in the range of GA : $70,000 to $120,000. Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location.