Technical Accountant

Technical Accountant

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Manage reinsurance accounts, ensuring timely reporting and accurate data processing.
  • Company: Join AXIS Capital, a leading global provider of specialty insurance and reinsurance.
  • Benefits: Enjoy competitive benefits, including medical plans, wellness programs, and tuition reimbursement.
  • Why this job: Be part of an inclusive culture that values your unique contributions and fosters growth.
  • Qualifications: 3+ years in Reinsurance Accounting; strong communication and analytical skills required.
  • Other info: Work in the office 3 days a week, with opportunities for professional development.

The predicted salary is between 36000 - 60000 £ per year.

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.

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.

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?

  • Analyse, review and maintain accurate treaty accounts for assigned complex accounts.
  • Ensure payments for such accounts are made in a timely manner.
  • Assist in the B2B and EDI processes and assist the team to achieve higher levels of automation.
  • Manage complex treaties which include preparing accounts and analysing statistics.
  • Cultivate strong relationships with internal and external clients and work with various departments as necessary to resolve queries.
  • Liaise with the claims team to ensure large loss movements are communicated to upper management.
  • On a bi-weekly basis prepare bank reconciliation between bank statements and recorded cash items.
  • Liaise with outsourcing unit to maintain and control portfolio and to resolve queries.
  • Assist Team Lead on the quarterly review of premium estimates and coordination of required adjustments.
  • Assist in the quarterly review and analysis and follow up of cash calls and outstanding cash call credits.
  • 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:

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

What we prefer you to have:

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

Role Factors:

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.

Technical Accountant employer: AXIS Capital

AXIS Capital is an exceptional employer, offering a dynamic work environment in the heart of the insurance and reinsurance industry. With a strong commitment to employee growth, we provide comprehensive benefits including medical plans, wellness programmes, and tuition reimbursement, all within a culture that values inclusivity and ethical practices. Join us to be part of a team that not only prioritises your professional development but also fosters meaningful relationships and collaboration across diverse backgrounds.
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Contact Detail:

AXIS Capital Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Technical Accountant

✨Tip Number 1

Familiarise yourself with the specific reinsurance accounting practices and principles. Understanding the nuances of contingent commissions, sliding scale commissions, and premium adjustments will give you a significant edge in discussions during interviews.

✨Tip Number 2

Network with professionals in the reinsurance industry. Attend relevant events or join online forums to connect with others who work in similar roles. This can provide insights into the company culture at AXIS Capital and may even lead to referrals.

✨Tip Number 3

Brush up on your technical skills, especially in Microsoft Excel and any specific software mentioned in the job description like SICS Reinsurance system. Being proficient in these tools will demonstrate your readiness to handle the responsibilities of the role.

✨Tip Number 4

Prepare to discuss how you can contribute to an inclusive and collaborative team environment. AXIS values a diverse workplace, so think about examples from your past experiences that showcase your ability to work well with others and adapt to different perspectives.

We think you need these skills to ace Technical Accountant

Reinsurance Accounting
Analytical Skills
Attention to Detail
Strong Verbal and Written Communication Skills
Problem-Solving Skills
Ability to Learn and Adapt in a Dynamic Environment
Knowledge of Reinsurance Principles
Microsoft Excel
Microsoft Outlook
SICS Reinsurance System
Business Objects
Microsoft Power BI
Team Collaboration
Time Management
Client Relationship Management

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Technical Accountant position at AXIS Capital. Tailor your application to highlight relevant experience in reinsurance accounting and your ability to manage complex treaties.

Highlight Relevant Experience: In your CV and cover letter, emphasise your 3+ years of Reinsurance Accounting experience. Provide specific examples of how you've handled tasks similar to those listed in the job description, such as managing cashflow and preparing accounts.

Showcase Your Skills: Make sure to mention your strong verbal and written communication skills, as well as your proficiency with tools like Microsoft Excel and any relevant accounting systems. This will demonstrate your capability to adapt and thrive in a dynamic environment.

Personalise Your Application: AXIS Capital values an inclusive culture, so consider sharing a bit about your personal journey and how it aligns with their values. This could help you stand out as a candidate who not only meets the qualifications but also fits well within their corporate culture.

How to prepare for a job interview at AXIS Capital

✨Know Your Reinsurance Basics

Make sure you brush up on your reinsurance principles and terminology. Understanding concepts like Contingent Commissions and Sliding Scale Commissions will show that you're well-prepared and knowledgeable about the industry.

✨Demonstrate Analytical Skills

Be ready to discuss your analytical abilities and how you've applied them in previous roles. Prepare examples of how you've handled complex accounts or resolved discrepancies, as this will be crucial for the Technical Accountant position.

✨Showcase Communication Skills

Since the role involves liaising with various teams and clients, highlight your strong verbal and written communication skills. Be prepared to give examples of how you've effectively communicated complex information in the past.

✨Emphasise Team Collaboration

AXIS values teamwork, so be sure to share experiences where you've successfully worked within a team. Discuss how you’ve contributed to achieving common goals and how you handle challenges in a collaborative environment.

Technical Accountant
AXIS Capital
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  • Technical Accountant

    London
    Full-Time
    36000 - 60000 £ / year (est.)

    Application deadline: 2027-05-01

  • A

    AXIS Capital

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