Job description

Reinsurance Specialist – Ceded Reinsurance

London, UK

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.

Ceded Re Operations team is responsible for the administration of all Treaty Reinsurance business written within AXA XL. Ceded Re Operations is composed of 4 key areas: Technical Operations, Technical Accounting, Data & Operations Reporting and Central Operations.

This role resides within the Ceded Reinsurance Specialty Technical Operations team based in London, which is responsible for Global Specialty reinsurance policy set-up for Marine tower and administration of Ceded Reinsurance issued to brokers.

The responsibility of this role will be to oversee and manage life cycle of Treaty, to include but not limited to the following classes;

• Marine

• Hull & Cargo

• Downstream energy

• Special risks solutions

• Upstream energy

• Cargo Facility

• Garex

DISCOVER your opportunity

What will your essential responsibilities include?

· Manage and operate Ceded reinsurance in 3 operating system tools.

· Partner with our intermediaries to manage sanction related issues. The role will require close relations with our internal customers and colleagues in Claims, Underwriting, Finance, Actuarial and Legal.

· Work within Ceded Re and across departments to review and improve Sanction review process, liaising with inward teams for resource and process to gain insight for ceded.

· The role will be supported by our operations team based in ESS Shared services area 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.

· Oversee any cash calls to issue as per contractual provisions.

· Ensure all contractual reporting requirements are met.

· 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 and how ceded can be applied. Ensuring understanding of how placements for various lines of business interact and inuring relationships.

· Provide review and sign-off of new policy set up by ESS Shared Services in core systems.

· Contribute to the Frame Fac Premiums process for XLICSE (liaise with Middle Office, settlement and premiums adjustments) until run-off.

You will report to the Assistant Manager – Ceded Re Technical Operations.

SHARE your talent

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

Required Skills and Abilities:

• Some experience with multiple lines of business in Reinsurance environment in previous roles.

• Advanced command of MS office and in particular advanced Excel skills and potential Access.

• Ability to liaise with key stakeholders internally and externally.

• Good Collaborator: can work effectively with key stakeholders at all levels

• Coaching and capability-building, conscientious about quality and accuracy of work provided

• Excellent Time management and organization skills

• Agility and ability to work on several topics at the same time

• Experience working with a virtual team

• Robust Communicator: Excellent verbal and written communication, collaboration both in person and virtual.

• Able to work to tight deadlines in order to correctly reflect in financials for close

• Good eye for detail and process.

• Comfortable in giving training to team where required.

• Ability to travel to other AXA XL offices for meeting and training colleagues.

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