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: Head of International Insurance Premium Accounting
How does this role contribute to our collective success?
The primary responsibilities of this role are to lead the International Insurance Premium Accounting Cash teams (bureau and non-bureau) as well as the Credit Control team to ensure cash is recorded accurately and timely and overdue Premium Receivables are kept to a minimal. Additional responsibilities for monthly and quarterly reporting for Senior Management and Finance and communications with internal and external customers for AXIS’ International Insurance Business.
What will you do in this role?
- Ensure all non-bureau cash is recorded accurately and timely and that proper controls are in place to tie out cash received.
- Ensure all bureau/syndicate cash is recorded accurately and timely and that proper controls are in place.
- Management of premium receivables with the goal of keeping overdue premium receivables to a minimum. This will also include the following:
- Improvements in over 90 premium receivables
- Improved reporting to brokers and underwriting teams
- Process improvements in collection follow up process.
- Clean up of historical data.
- Review processes across the teams for additional efficiencies utilizing Infosys – lead transition of processes.
- Monthly reporting to management on various areas of the teams – including premium receivable and premium suspense balances.
- Final review and sign-off for Divisional reporting and attend Divisional meetings for all International Premium Accounting teams.
- Work with Finance on refining the premium receivable reconciliation process and identifying areas that are driving reconciling items to work towards changes in processing – including cleaning up prior reconciling items and coordinating clean-up efforts across the team.
- Enhance and develop relationships with UW leads.
- Enhance and develop relationships with key brokers.
- Assist with ad hoc tasks within the team where appropriate.
- Limited travel as needed.
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. While there are some qualifications and experiences that are required, 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 or finance or equivalent work experience
- Minimum of 10 years insurance industry experience, preferably with experience in Premium Accounting and experience in the London market including working with Lloyd’s
- Experience leading and developing a cross-functional team.
- Prior BPO management experience a plus
- Analytical skills and ability to dig into details.
- Demonstrated knowledge and understanding of related automated financial systems.
- Demonstration of strong software skills including Excel, Access, and Outlook
What we prefer you to have:
- Excellent communication, analytical and proven problem-solving skills with a commitment to meeting daily, weekly, and monthly deadlines.
- Detail oriented, deadline driven, organized, able to oversee multiple tasks while working independently or as part of a team.
- Highly motivated and dedicated to contributing to the growth and success of the company.
- Results driven and initiative-taking.
- Problem solver – identification, analysis, recommend, implement.
- Team player and ability to work on cross-functional teams.
- Knowledge of Iris Insurance Systems – beneficial but not required.
Role Factors:
In this role, you will typically be required to:
Be in office six days per calendar month although this might need to be more frequent in the initial training period.
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.
