Retrocession Senior Technical Operations Specialist

London

Ceded Reinsurance is a strategic function within AXA XL in charge of defining and implementing the reinsurance strategy as well as administrating all reinsurance treaties through their lifecycle. Ceded Re is part of the AXA XL Risk Management function, the AXA XL Chief Risk Officer being member of AXA XL Leadership team.

Retro Ceded Re Operations team is responsible for the administration of all Retro Treaty Reinsurance business placed within AXA XL. Retro Ceded Re Operations is composed of 2 key areas: Technical Operations and Technical Accounting.

DISCOVERyour opportunity

This role resides within the Reto Ceded Reinsurance Technical Operations team based in London, which is responsible for administering all Reto Ceded Re XOL and QS treaties

The individual will be required to:

· Oversee the treaty/contract setup process to ensure accurate set up and payment of ceded premiums for both QS and XOL programs.

· Oversee the preparation and issuance bordereau to brokers and reinsurers as per contract requirements.

· Monitor inward claim movements to identify and apply where retro ceded recoveries can be made. Calculating and applying retro ceded recoveries in the Ceded Claims System for XOL programs and ensure that reinsurers are notified on time as per contract requirements.

· Manage the internal control framework for Retro Ceded Re key controls for both Technical Operations and Technical Accounting and ensure they are completed on time.

· Assist in internal audit and external audit with requests and assist in providing evidences.

· Partner with our brokers to manage settlement queries and sanction related issues.

· The role will require close relations with our internal stakeholders and colleagues in Claims, Underwriting, Finance and Actuarial.

· The role will be supported by our Retro Technical Operations team based in India. The individual will be required to build close relationships with the team and hold regular calls to discuss workload and issues, providing support as required.

· Support Ceded Re transformation journey, actively participating in projects which aim to drive efficiency. Review process and where appropriate suggest improvements.

· Ensure all contractual reporting requirements are met and reviewed.

· Work closely with Technical Accounting team to support the credit control process and improve cash flow.

· Attend regular meetings with Ceded Placement Officers to understand new placements. Ensuring understanding of how placements for various lines of business interact and inuring relationships.

REPORTING LINE

You will report to – Senior Manager Retrocession Operations

SHARE your talent

We’re looking for someone who has these abilities and skills:

Required Skills and Abilities:

· Significant amount of professional experience in reinsurance operations.

· Experience in reinsurance finance and technical accounting and reporting

· Knowledge of various forms of reinsurance, specifically QS and XOL.

· Excellent written and oral communications skills.

· Proven efficiency in ability to multitask, with attention to detail.

· Proficient in Microsoft Office (Excel, Word, Powerpoint). Knowledge of SQL is preferred.

· Excellent research and analytical skills, robust financial reconciliation skills.

· Display excellent customer relation skills, as well as result driven

· Ability to prioritize, multitask and work under pressure

· Ability to work well on own and part of a team

· Ability to self-motivate.

FIND your future

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.

How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.

With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.

Learn more at axaxl.com

Inclusion & Diversity

AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.

At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.

Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe
Robust support for Flexible Working Arrangements
Enhanced family friendly leave benefits
Named to the Diversity Best Practices Index
Signatory to the UK Women in Finance Charter

Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.

Sustainability

At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.

Our Pillars:

Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
Addressing climate change: The effects of a changing climate are far reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.

For more information, please see axaxl.com/sustainability

Technical Operations jobs

Retrocession Senior Technical Operations Specialist