At a Glance
- Tasks: Manage reinsurance accounts, perform reconciliations, and support audit requests.
- Company: Join AXA XL, a leader in innovative risk solutions.
- Benefits: Competitive pay, flexible working, and inclusive culture.
- Other info: Opportunities for career growth and involvement in sustainability initiatives.
- Why this job: Be part of a dynamic team making a real impact in the insurance industry.
- Qualifications: Graduate or postgraduate with strong communication and Excel skills.
The predicted salary is between 40500 - 49500 £ per year.
The Ceded Reinsurance department at AXA XL plays a crucial role in defining and implementing reinsurance strategy and overseeing the administration of reinsurance treaties throughout their lifecycle. As part of the AXA XL Risk Management function, the Ceded Re team is under the leadership of the AXA XL Chief Risk Officer.
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 both Technical Operations and Technical Accounting.
What you’ll be doing
- End to end credit control of Retro Ceded Accounts Receivable, Accounts Payable (ARAP);
- Escalation at various levels to ensure closure of open items;
- Bank account reconciliation;
- Perform reconciliation between Destiny (operating tool) and Financial Data Mart (FDM);
- Billing process and BDX management monitoring;
- Interact with Ceded Re Insurance segment team;
- Regulatory and Operational report production and submission;
- Internal Control – Ensuring that processes and controls are complied with in accordance with our internal control framework;
- Provide support and assistance to Line Manager Support Audit (internal/external) requests;
- This role will also support below BAU activities:
- ARAP backlog clearance project;
- Ceded XOL Risks claims reporting;
- Bermuda reporting.
You will report to Senior Manager Retrocession Operations.
What you’ll bring
- Graduate / Post Graduate Knowledge of insurance/reinsurance would be beneficial;
- Effective written and verbal communication and interpersonal skills to work effectively with internal stakeholders, brokers and reinsurers;
- Positive, innovative and make it better mindset to bring operational efficiencies;
- Experience in MS-Excel and PowerPoint is required – support segment KPI and management reporting;
- Self-starter who is solution orientated and has the ability to work within a team environment;
- Organized with the ability to sort multiple priorities, meet tight deadlines and detail orientated;
- Ability to use initiative in day to day activities to resolve issues or flag to management for review.
What we offer
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 enables business growth and is critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential.
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.
Retrocessions Junior Reinsurance Technical Accounting Specialist in London employer: AXA Group
AXA XL in London is an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation within the insurance sector. Employees benefit from comprehensive professional development opportunities, competitive compensation, and a strong emphasis on work-life balance, making it an ideal environment for those looking to advance their careers in underwriting while enjoying the vibrant atmosphere of London.
StudySmarter Expert Advice🤫
We think this is how you could land Retrocessions Junior Reinsurance Technical Accounting Specialist in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like AXA Group). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like AXA Group. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Retrocessions Junior Reinsurance Technical Accounting Specialist in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at AXA Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at AXA Group. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at AXA Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at AXA Group to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at AXA Group, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding AXA Group's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
