Senior Technical Accountant (Ceded Reinsurance)

TN United Kingdom; 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 dynamic Ceded Reinsurance team in London. This role involves overseeing significant Ceded Premiums and managing collaterals, contributing to regulatory reports, and ensuring compliance with financial standards. The ideal candidate will possess strong analytical and communication skills, with a background in finance or reinsurance. This is a unique opportunity to work with a leading organization known for its innovative approach to risk management and its commitment to professional development.

Qualifications

• Bachelor's degree or equivalent experience in finance or reinsurance.
• Proficiency in Microsoft Office and strong analytical skills.

Responsibilities

• Oversee settlement of Ceded Premiums and recovery of Ceded Recoveries.
• Manage collaterals collection and liaise with brokers/reinsurers.

Skills

Communication Skills

Analytical Skills

Customer Relation Skills

Education

Bachelor's Degree in Finance or Related Field

Tools

Microsoft Office

Job description

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Senior Technical Accountant (Ceded Reinsurance), London

Client: AXA Group

Location: London, United Kingdom

Job Category: Other

EU work permit required: Yes

Job Reference:

d5be851b88ae

Job Views:

3

Posted:

02.05.2025

Expiry Date:

16.06.2025

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 administering treaties throughout their lifecycle. It is part of the AXA XL Risk Management, with the Chief Risk Officer being a member of the leadership team.

The Ceded Re Operations team manages all Treaty Reinsurance business within AXA XL, comprising Technical Operations, Technical Accounting, Data & Reporting, and Central Operations.

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

• Overseeing settlement of all Ceded Premiums and recovery of Ceded Recoveries (~USD 3bn/year);
• Managing collaterals collection (~USD 9bn);
• Overseeing BDX releases to reinsurers;
• Performing credit control and aged debt management globally;
• Managing collaterals for US entities (~USD 9bn), liaising with brokers/reinsurers;
• Contributing to technical accounting processes for US entities;
• Participating in the Ceded Re transformation plan as SME;
• Developing relationships with internal and external stakeholders.

Discover your opportunity

Environment and Challenges:

• Managing USD 9bn of collaterals across 150 reinsurers to avoid Solvency Capital charges, overseeing claims recoveries related to Procede Business.

Exposure:

• Interacting with internal teams (ESS, Actuaries, Finance, Underwriting, Claims, IT, Legal) and external partners (brokers, reinsurers, banks, auditors).

Communication skills, organization, and prioritization are essential.

Main Activities include overseeing bordereaux issuance, managing collateral and cash collections, maintaining relationships with brokers, contributing to regulatory and operational reports, and handling ad hoc requests.

Detailed activities involve managing collateral processes, coordinating with teams in India, ensuring compliance, and developing reports and systems for process improvements.

Qualifications include a bachelor’s degree or equivalent experience, experience in finance or reinsurance, proficiency in Microsoft Office, analytical skills, and customer relation skills.

Find your future with AXA XL, known for solving complex risks through innovative risk solutions, technology, and talent.