Retrocession Technical Accounting Specialist

XL CATLIN; London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A forward-thinking company is seeking a Retrocession Technical Accounting Specialist to join its dynamic team in London. This role is pivotal in managing the end-to-end credit control of retro ceded accounts, ensuring compliance with internal processes, and supporting audit requests. The ideal candidate will possess strong communication skills, a positive mindset, and proficiency in MS-Excel and PowerPoint. This is an excellent opportunity to enhance operational efficiencies within a collaborative environment. If you are a self-starter with a passion for the reinsurance industry, this position could be the perfect fit for you.

Qualifications

• Graduate/Post Graduate with experience in the Re/insurance industry.
• Strong communication and interpersonal skills required.

Responsibilities

• Manage end-to-end credit control of retro ceded accounts.
• Ensure compliance with internal control processes.
• Support internal and external audit requests.

Skills

Credit Control Management

Bank Account Reconciliation

Communication Skills

MS-Excel

PowerPoint

Problem Solving

Organizational Skills

Education

Graduate/Post Graduate

Tools

Destiny (operating tool)

Financial Data Mart (FDM)

Job description

Job Description - Retrocession Technical Accounting Specialist (Job Number: 12002637D20241213)

Location: London, UK

The Ceded Reinsurance department at AXA XL plays a crucial role in defining and implementing reinsurance strategy and overseeing the administration of reinsurance treaties throughout their lifecycle. As part of the AXA XL Risk Management function, the Ceded Re team is under the leadership of the AXA XL Chief Risk Officer.

The Retro Ceded Re Operations team is responsible for the administration of all Retro Treaty Reinsurance business placed within AXA XL. This team is composed of both Technical Operations and Technical Accounting.

Key Responsibilities:

1. Manage end-to-end credit control of complete retro ceded Accounts Receivable and Accounts Payable (ARAP);
2. Escalate at various levels to ensure closure of open items;
3. Perform bank account reconciliation;
4. Conduct reconciliation between Destiny (operating tool) and Financial Data Mart (FDM);
5. Contribute to the billing process and BDX management monitoring;
6. Interact with the Ceded Re Insurance segment team;
7. Produce and submit operational regulatory reporting;
8. Ensure compliance with internal control processes and frameworks;
9. Provide support and assistance to Line Manager;
10. Support internal and external audit requests.

This role will also support the following BAU activities:

1. ARAP backlog clearance project;
2. Ceded XOL Risks claims reporting;
3. Review quarterly Ceded Reserve Analysis prepared by the Actuarial Department.

You will report to the Senior Manager Retrocession Operations.

Qualifications:

1. Graduate/Post Graduate with some experience within the Re/insurance industry;
2. Robust written and verbal communication and interpersonal skills to work effectively with internal stakeholders, brokers, and reinsurers;
3. Positive, innovative mindset to enhance operational efficiencies;
4. Experience in MS-Excel and PowerPoint is required;
5. Self-starter who is solution-oriented and able to work within a team environment;
6. Organized with the ability to manage multiple priorities and meet tight deadlines;
7. Ability to use initiative in day-to-day activities to resolve issues or flag to management for review.

About AXA XL:

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. We provide innovative and flexible risk solutions, partnering with clients to move the world forward.

AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity, marital status, religion, disability, or any other protected characteristic.

For more information, please see axaxl.com/sustainability.

Job Field: Finance

Schedule: Full-time

Job Type: Standard