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- Tasks: Manage Retro Treaty Reinsurance business and ensure accurate credit control.
- Company: AXA XL is a leader in solving complex risks with an inclusive culture.
- Benefits: Enjoy flexible working arrangements and enhanced family-friendly leave benefits.
- Why this job: Join a dynamic team focused on innovation and sustainability while making a real impact.
- Qualifications: Experience in (re)insurance, strong communication skills, and attention to detail required.
- Other info: Be part of a diverse workforce committed to growth and community support.
The predicted salary is between 48000 - 72000 £ per year.
This new position is part of the Retro Ceded Reinsurance Operations team based in London. The role will be responsible for administering all Retro Treaty Reinsurance business placed within Retro Ceded Re for AXA XL. This includes settlement of all Ceded Premium in line with AXA XL payment guidelines and the recovery of all Retro Ceded Recoveries processed within the AXA XL systems. This role requires the individual to be responsible for the credit control of all balances including Bad & Aged debt Management. This will include globally placed Retro Treaty to assist with reduction of large and aged debt.
The individual will be required to develop and maintain relationships with all internal and external stakeholders and provide a high level of service and accuracy to all clients. Adhering to any bespoke requirements, so workload management and attention to detail is key. The role requires the individual to have interactions with various areas within the organisation including Actuarial, Senior Underwriting, Placement, Brokers, Reinsurers and Senior Management so excellent communication skills are essential along with experience.
What will your essential responsibilities include?
- Ensure that Credit Control is performed to a high standard to include attending regular meetings with internal and external parties.
- Be responsible for the Credit Control of all outstanding balances including maintaining the input and timely bank reconciliation of cash receipts.
- Responsibility for providing internal Credit Control reports in turn providing individual Broker/Reinsurer dashboards.
- Attend regular meetings with Line Manager to effectively target and resolve aged debt issues.
- Ensure a team approach is taken between Retro Tech Ops and Retro Tech Accounting towards all program business ensuring that settlement requirements are adhered to.
- Assist in the co-ordination of historical ARAP backlog cleanup exercise, liaising where appropriate with both internal and external stakeholders.
- Settlement of all Retro Ceded Premium in line with contract wording.
- Recovery of all Retro Ceded Recoveries processed within the Retro Ceded systems.
- Collection and disbursement of funds through internal transfer across AXA XL business units.
- Interact with brokers and reinsurers to manage Letter of Credit collateral collection/withdrawal for collaterals that fall under the responsibility of Retro Ceded Re.
- Regulatory reporting including Schedule F.
- Support Audit (internal/external) requests.
- Provide regular support and assistance to Line Manager.
- Oversee and manage the team of Retrocession Technical Accounting Analysts both onshore and offshore, who contribute to various tasks such as credit control, reconciliation, billing process, and supporting audit requests.
We're looking for someone who has these abilities and skills:
- Experience in (re)insurance Industry within Credit Control.
- Knowledge of collateral management.
- PC Skills - Microsoft Word/Excel and Email essential.
- Accuracy and attention to detail are essential.
- Excellent communication skills are required.
- Ability to prioritize, multitask and work under pressure.
- Ability to work well on own and part of a team.
- Ability to self-motivate.
Retrocession Senior Technical Accounting Specialist employer: AXA XL
Contact Detail:
AXA XL Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Retrocession Senior Technical Accounting Specialist
✨Tip Number 1
Familiarise yourself with AXA XL's operations and values. Understanding their approach to risk management and sustainability will help you align your answers during interviews, showcasing that you're not just a fit for the role but also for the company culture.
✨Tip Number 2
Network with professionals in the reinsurance industry, especially those who have experience in credit control. Engaging with them on platforms like LinkedIn can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed aged debt or improved credit control processes in previous roles. This will demonstrate your practical experience and problem-solving skills, which are crucial for this position.
✨Tip Number 4
Brush up on your knowledge of collateral management and regulatory reporting, as these are key aspects of the role. Being able to speak confidently about these topics will set you apart from other candidates.
We think you need these skills to ace Retrocession Senior Technical Accounting Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in the (re)insurance industry, particularly in credit control and collateral management. Use specific examples that demonstrate your skills and achievements related to the job description.
Craft a Compelling Cover Letter: Write a cover letter that addresses the key responsibilities of the role. Emphasise your ability to manage relationships with stakeholders and your attention to detail. Mention how your previous experiences align with the requirements outlined by AXA XL.
Highlight Communication Skills: Since excellent communication skills are essential for this role, provide examples in your application that showcase your ability to interact effectively with various teams and external parties. This could include past experiences where you successfully resolved issues or facilitated discussions.
Showcase Your Technical Proficiency: Mention your proficiency in Microsoft Word, Excel, and email in your application. If you have experience with any specific accounting software or systems relevant to the role, be sure to include that as well to demonstrate your technical capabilities.
How to prepare for a job interview at AXA XL
✨Know Your Numbers
As a Retrocession Senior Technical Accounting Specialist, you'll be dealing with credit control and financial reporting. Brush up on your knowledge of key financial metrics and be prepared to discuss how you've managed similar responsibilities in the past.
✨Demonstrate Communication Skills
This role requires excellent communication skills for interacting with various stakeholders. Prepare examples of how you've effectively communicated complex information to different audiences, whether internal teams or external partners.
✨Showcase Attention to Detail
Attention to detail is crucial in this position. Be ready to provide specific examples of how your meticulous nature has helped you avoid errors in previous roles, especially in financial contexts.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities, particularly regarding aged debt management and reconciliation processes. Think through potential challenges you might face in the role and how you would address them.
