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- Tasks: Manage USD 9bn in collaterals and oversee Ceded Premiums recovery.
- Company: Join AXA XL, a leader in innovative risk solutions and technology.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and collaboration.
- Why this job: Be part of a strategic team tackling complex financial challenges and making an impact.
- Qualifications: Bachelor's degree or equivalent, finance/reinsurance experience, and strong analytical skills required.
- Other info: Work in a collaborative setting with exposure to global teams and stakeholders.
The predicted salary is between 43200 - 72000 £ per year.
Ceded Reinsurance is a strategic function within AXA XL responsible for defining and implementing reinsurance strategies and administering treaties throughout their lifecycle. It is part of the AXA XL Risk Management, with the Chief Risk Officer being a member of the leadership team. The Ceded Re Operations team manages all Treaty Reinsurance business within AXA XL, comprising Technical Operations, Technical Accounting, Data & Reporting, and Central Operations.
This role is within the Ceded Reinsurance Technical Accounting team based in the UK, primarily responsible for:
- Overseeing settlement of all Ceded Premiums and recovery of Ceded Recoveries (~USD 3bn/year);
- Managing collaterals collection (~USD 9bn);
- Overseeing BDX releases to reinsurers;
- Performing credit control and aged debt management globally;
- Managing collaterals for US entities (~USD 9bn), liaising with brokers/reinsurers;
- Contributing to technical accounting processes for US entities;
- Participating in the Ceded Re transformation plan as SME;
- Developing relationships with internal and external stakeholders.
Discover your opportunity:
Environment and Challenges: Managing USD 9bn of collaterals across 150 reinsurers to avoid Solvency Capital charges, overseeing claims recoveries related to Procede Business.
Exposure: Interacting with internal teams (ESS, Actuaries, Finance, Underwriting, Claims, IT, Legal) and external partners (brokers, reinsurers, banks, auditors). Communication skills, organization, and prioritization are essential.
Main Activities include overseeing bordereaux issuance, managing collateral and cash collections, maintaining relationships with brokers, contributing to regulatory and operational reports, and handling ad hoc requests. Detailed activities involve managing collateral processes, coordinating with teams in India, ensuring compliance, and developing reports and systems for process improvements.
Qualifications include a bachelor’s degree or equivalent experience, experience in finance or reinsurance, proficiency in Microsoft Office, analytical skills, and customer relation skills.
Find your future with AXA XL, known for solving complex risks through innovative risk solutions, technology, and talent.
Senior Technical Accountant (Ceded Reinsurance) employer: TN United Kingdom
Contact Detail:
TN United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Technical Accountant (Ceded Reinsurance)
✨Tip Number 1
Familiarise yourself with the Ceded Reinsurance landscape. Understanding the key players, current trends, and regulatory requirements in this area will help you engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the reinsurance sector. Attend industry events or join relevant online forums to connect with people who can provide insights and potentially refer you to opportunities at AXA XL.
✨Tip Number 3
Brush up on your technical accounting skills, especially those related to reinsurance. Being able to discuss specific processes and tools used in managing collaterals and settlements will set you apart from other candidates.
✨Tip Number 4
Prepare to demonstrate your communication and organisational skills. Think of examples from your past experience where you successfully managed relationships with stakeholders or handled complex projects, as these are crucial for the role.
We think you need these skills to ace Senior Technical Accountant (Ceded Reinsurance)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in technical accounting and reinsurance. Use keywords from the job description to demonstrate that you meet the qualifications AXA Group is looking for.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses the responsibilities of the Senior Technical Accountant role. Mention your experience with managing collaterals and your ability to develop relationships with stakeholders, as these are key aspects of the job.
Showcase Your Skills: In your application, emphasise your analytical skills and proficiency in Microsoft Office. Provide examples of how you've used these skills in previous roles, particularly in finance or reinsurance contexts.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects attention to detail, which is crucial for a role that involves managing significant financial operations.
How to prepare for a job interview at TN United Kingdom
✨Understand Ceded Reinsurance
Make sure you have a solid grasp of what ceded reinsurance entails. Familiarise yourself with the key concepts, processes, and terminology used in the industry. This will not only help you answer technical questions but also demonstrate your genuine interest in the role.
✨Showcase Your Analytical Skills
As a Senior Technical Accountant, analytical skills are crucial. Be prepared to discuss specific examples from your past experience where you've successfully analysed data or solved complex problems. Highlight any tools or methodologies you used to achieve results.
✨Prepare for Stakeholder Interaction
This role involves liaising with various internal and external stakeholders. Think of instances where you've effectively communicated or built relationships with different parties. Be ready to share how you manage expectations and resolve conflicts.
✨Demonstrate Organisational Skills
Given the complexity of managing collaterals and cash collections, it's essential to showcase your organisational abilities. Prepare to discuss how you prioritise tasks, manage deadlines, and ensure compliance in your previous roles.
