Technical Accountant

Axis; City Of London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A global provider of specialty lines insurance is seeking a Reinsurance Technical Accountant to manage and analyse technical accounts while ensuring compliance with regulatory standards. The ideal candidate will have a Bachelor’s degree in Accounting or Finance, strong analytical skills, and experience in the reinsurance industry. This role requires office presence three days a week and offers a comprehensive benefits package.

Benefits

Comprehensive benefits package

Medical plans for you and your family

Tuition reimbursement

Paid annual leave

Qualifications

• Strong knowledge of reinsurance principles and financial reporting standards.
• Experience with premium adjustments and claims transactions.
• Ability to manage multiple priorities in a fast-paced environment.

Responsibilities

• Manage and analyse reinsurance technical accounts.
• Ensure compliance with IFRS and Solvency II standards.
• Collaborate with brokers and reinsurers to resolve discrepancies.

Skills

Analytical skills

Problem-solving abilities

Communication skills

Education

Bachelor’s degree in Accounting, Finance, or a related field

Tools

Microsoft Excel

SICS or IRIS platforms

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.

Job Description: Reinsurance Technical Accountant

How does this role contribute to our collective success?

Manage and analyse reinsurance technical accounts, ensuring compliance with regulatory standards, accurate reporting, and effective collaboration with internal and external stakeholders. This role requires strong technical expertise, attention to detail, and the ability to optimize processes within a dynamic environment.

What will you do in this role?

• Prepare, review, and maintain reinsurance technical accounts, including premium adjustments, commission calculations, and claims transactions.
• Ensure compliance with IFRS, Solvency II, and other relevant regulatory standards.
• Analyze treaty accounts to ensure accuracy, compliance with contractual terms, and proper reserving.
• Monitor and reconcile outstanding balances, ensuring timely collections and payments.
• Collaborate with brokers, reinsurers, and internal teams to resolve discrepancies and improve processes.
• Conduct reconciliations of reinsurance accounts and ensure proper documentation.
• Support audits by providing necessary documentation and explanations.
• Assist in the implementation of process improvements and automation initiatives.

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.

What you need to have:

• Bachelor’s degree in Accounting, Finance, or a related field.
• Strong knowledge of reinsurance principles, treaties, and financial reporting standards.
• Excellent analytical and problem-solving abilities.
• Strong written and verbal communication skills

What we prefer you to have:

• Experience in the reinsurance or insurance industry.
• Knowledge of both Proportional & Non-Proportional Reinsurance
• Advanced proficiency in Microsoft Excel and familiarity with reinsurance systems such as SICS or IRIS platforms.
• Experience working in the Lloyds market
• Familiarity with financial systems and reporting tools.
• Proven ability to manage multiple priorities in a fast-paced environment.

Role Factors:

In this role, you will typically be required to:

Be in the office 3 days per week

What we offer:

You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more.