Senior Technical Accountant (Ceded Reinsurance)

AXA Group; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

An established industry player is seeking a Senior Technical Accountant to join their Ceded Reinsurance team in London. This pivotal role involves managing significant financial settlements and maintaining critical relationships with brokers and reinsurers. The ideal candidate will bring a strong background in finance or reinsurance, excellent communication skills, and a knack for multitasking. With a commitment to diversity and sustainability, this forward-thinking company offers flexible working arrangements and family-friendly benefits, making it an exciting opportunity for professionals eager to make a positive impact in the industry.

Benefits

Flexible Working Arrangements

Family-Friendly Benefits

Diversity and Inclusion Initiatives

Sustainability Focus

Qualifications

• Bachelor's degree in business, finance, accounting, or related field required.
• Relevant experience in finance or reinsurance is essential.

Responsibilities

• Manage settlement of Ceded Premiums and recovery of Ceded Recoveries.
• Oversee credit control and aged debt management for portfolios globally.

Skills

Multitasking

Research Skills

Reconciliation Skills

Communication Skills

Organizational Skills

Education

Bachelor's Degree in Business

Bachelor's Degree in Finance

Bachelor's Degree in Accounting

Tools

Microsoft Office

Job description

Senior Technical Accountant (Ceded Reinsurance)

London, England, United Kingdom

Ceded Reinsurance is a strategic function within AXA XL responsible for defining and implementing reinsurance strategies and managing treaties throughout their lifecycle. It is part of the AXA XL Risk Management division, with the Chief Risk Officer being a member of the AXA XL Leadership team.

The Ceded Re Operations team oversees the administration of all Treaty Reinsurance business within AXA XL. It comprises four key areas: Technical Operations, Technical Accounting, Data & Operations Reporting, and Central Operations.

This role is within the UK-based Ceded Reinsurance Technical Accounting team, primarily responsible for:

1. Managing settlement of Ceded Premiums and recovery of Ceded Recoveries (~USD 3bn annually);
2. Handling collaterals collection (~USD 9bn);
3. Overseeing BDX releases to reinsurers;
4. Performing credit control and aged debt management for treaty and facultative portfolios globally;
5. Managing collaterals for US entities, contributing to technical accounting processes, participating in transformation projects, and maintaining stakeholder relationships.

Additional responsibilities include:

1. Issuance and management of bordereaux;
2. Credit control and cash collection to minimize capital charges and avoid bad debts;
3. Maintaining relationships with brokers and reinsurers;
4. Regulatory and operational reporting;
5. Supporting audits and process improvements.

The ideal candidate will possess:

• A bachelor’s degree in business, finance, accounting, or related field;
• Relevant experience in finance or reinsurance;
• Strong multitasking, research, and reconciliation skills;
• Proficiency in Microsoft Office;
• Excellent communication and organizational skills.

AXA XL is committed to diversity and inclusion, fostering an inclusive culture that values different perspectives and backgrounds. We offer flexible working arrangements, family-friendly benefits, and are dedicated to sustainability, focusing on protecting ecosystems, addressing climate change, and embedding ESG practices.