Technical Accountant

Axis Capital; London; On-site; GBP 45,000 - 75,000; Full time

Job summary

An established industry player is seeking a Senior Technical Accountant to join their dynamic team. This role is crucial for ensuring timely processing of reinsurance reporting and cashflows, while also fostering strong relationships with clients. The ideal candidate will have a solid background in Reinsurance Accounting, with a focus on accuracy and efficiency. You'll be part of a collaborative environment that values diverse perspectives and encourages personal growth. If you're ready to take on challenges and contribute to a leading firm in the insurance sector, this opportunity is for you.

Benefits

Medical plans

Health and wellness programs

Retirement plans

Tuition reimbursement

Paid annual leave

Qualifications

• 3+ years of Reinsurance Accounting experience required.
• Strong communication and analytical skills are essential.

Responsibilities

• Maintain accurate treaty accounts for complex reinsurance contracts.
• Prepare bank reconciliations and manage complex treaties.

Skills

Reinsurance Accounting

Analytical Skills

Communication Skills

Problem Solving

Adaptability

Education

Bachelor’s degree in Accounting, Finance or Business

Tools

Microsoft Excel

Microsoft Outlook

SICS Reinsurance system

Business Objects

Microsoft Power BI

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: Technical Accountant

How does this role contribute to our collective success?

The role of Senior Technical Accountant within Axis Re is to ensure that regular Reinsurance reporting received from brokers/cedants is processed in a timely manner, cashflow relating to reinsurance contracts is processed in a timely manner and to ensure that information and reporting requests, both internal and external, are dealt with promptly and accurately to satisfy the needs of our stakeholders.

What will you do in this role?

1. Analyse, review and maintain accurate treaty accounts for assigned complex accounts. This includes handling Contingent Commissions, Sliding Scale Commissions, Retrospective Rate Adjustments and Premium Adjustments and processing accounts, ensuring data captured is accurate and within agreed timeframes.
2. Ensure payments for such accounts are made in a timely manner.
3. Assist in the B2B and EDI processes and assist the team to achieve higher levels of automation.
4. Manage complex treaties which include preparing accounts and analysing statistics.
5. Cultivate strong relationships with internal and external clients and work with various departments as necessary to resolve queries.
6. Liaise with the claims team to ensure large loss movements are communicated to upper management.
7. On a bi-weekly basis prepare bank reconciliation between bank statements and recorded cash items.
8. Liaise with outsourcing unit to maintain and control portfolio and to resolve queries.
9. Assist Team Lead on the quarterly review of premium estimates and coordination of required adjustments.
10. Assist in the quarterly review and analysis and follow up of cash calls and outstanding cash call credits.
11. Assist Team Lead on reporting requests and ad hoc projects.

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:

1. 3+ years of Reinsurance Accounting experience.
2. Ability to learn and adapt in a dynamic environment.
3. Strong verbal and written communication skills, ability and confidence to challenge existing procedures & use of system.

What we prefer you to have:

1. Bachelor’s degree in Accounting, Finance or Business related field.
2. 5+ years with knowledge of reinsurance principles. Business line knowledge useful.
3. Detail oriented and strong problem solver with analytical abilities, demonstrated positive attitude and works well within a team environment.
4. Strong computer skills – knowledge of Microsoft Excel and Outlook, SICS Reinsurance system, Business Objects, Microsoft Power BI.

Role Factors:

1. 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.