At a Glance
- Tasks: Manage and analyse reinsurance accounts while ensuring compliance and optimising processes.
- Company: Join a leading firm in the reinsurance industry with a focus on collaboration.
- Benefits: Enjoy a competitive benefits package, including health plans, tuition reimbursement, and paid leave.
- Other info: Work in a fast-paced setting with opportunities for professional growth.
- Why this job: Make an impact in a dynamic environment while developing your analytical skills.
- Qualifications: Bachelor’s degree in Accounting or Finance; strong analytical and communication skills required.
The predicted salary is between 50000 - 65000 £ per year.
Manage and analyse reinsurance technical accounts, ensuring compliance with regulatory standards, accurate reporting, and effective collaboration with internal and external stakeholders. This role requires strong technical expertise, attention to detail, and the ability to optimize processes within a dynamic environment.
Responsibilities
- Prepare, review, and maintain reinsurance technical accounts, including premium adjustments, commission calculations, and claims transactions.
- Ensure compliance with IFRS, Solvency II, and other relevant regulatory standards.
- Analyze treaty accounts to ensure accuracy, compliance with contractual terms, and proper reserving.
- Monitor and reconcile outstanding balances, ensuring timely collections and payments.
- Collaborate with internal and external stakeholders to ensure proper allocation of funds and timely resolution of unapplied cash items for London Market Business including Bureau messaging.
- Monitor aged receivable reports and proactively manage premium collections to minimise past due balances.
- Collaborate with brokers and underwriters with an emphasis on reducing the over 90-day receivables.
- Collaborate with brokers, reinsurers, and internal teams to resolve discrepancies and improve processes.
- Conduct reconciliations of reinsurance accounts and ensure proper documentation.
- Support audits by providing necessary documentation and explanations.
- Assist in the implementation of process improvements and automation initiatives.
Qualifications
- Bachelor’s degree in Accounting, Finance, or a related field.
- Strong knowledge of reinsurance principles, treaties, and financial reporting standards.
- Strong understanding of Account Reconciliations and Variance Analysis regarding Cash & AR activities.
- Excellent analytical and problem-solving abilities.
- Strong written and verbal communication skills.
Preferred Qualifications
- Experience in the reinsurance or insurance industry.
- Knowledge of both Proportional & Non‑Proportional Reinsurance.
- Advanced proficiency in Microsoft Excel and familiarity with reinsurance systems such as SICS or IRIS platforms.
- Experience working in the Lloyds market.
- Ability to build and maintain relationships both internally and with third party counterparts.
- Familiarity with financial systems and reporting tools.
- Proven ability to manage multiple priorities in a fast‑paced environment.
Role Factors
Be in the office 3 days per week.
Benefits
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.
Senior Analyst, Technical & Cash Accounting in London employer: AXIS (AXIS Capital)
As a Senior Analyst in Technical & Cash Accounting, you will thrive in a dynamic and inclusive work environment that values diversity and promotes employee growth. Our comprehensive benefits package, including health and wellness programs, tuition reimbursement, and flexible working arrangements, ensures that you are supported both personally and professionally. Join us in the heart of the London Market, where collaboration and innovation drive our success, and make a meaningful impact in the reinsurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Analyst, Technical & Cash Accounting in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can help you land that Senior Analyst role.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Familiarise yourself with their reinsurance practices and think of examples from your experience that showcase your analytical skills and attention to detail. We want you to shine when you get that chance to impress!
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. We recommend mentioning something specific from your conversation to show you were engaged and interested.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we’re always on the lookout for talented individuals who can bring their expertise in technical and cash accounting to our team.
We think you need these skills to ace Senior Analyst, Technical & Cash Accounting in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Analyst role. Highlight your experience with reinsurance technical accounts and any relevant qualifications. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share specific examples of your analytical skills and how you've optimised processes in previous jobs.
Showcase Your Technical Skills:Since this role requires strong technical expertise, don’t forget to mention your proficiency in Microsoft Excel and any experience with reinsurance systems. We love seeing candidates who can hit the ground running!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at AXIS (AXIS Capital)
✨Know Your Numbers
As a Senior Analyst, you'll be dealing with technical accounts and financial reporting. Brush up on your knowledge of reinsurance principles, IFRS, and Solvency II regulations. Be ready to discuss how you've applied these in past roles, as it shows you understand the technical side of the job.
✨Showcase Your Analytical Skills
Prepare examples that highlight your analytical and problem-solving abilities. Think about specific instances where you've successfully reconciled accounts or resolved discrepancies. This will demonstrate your capability to handle the responsibilities of the role effectively.
✨Communication is Key
Since collaboration with internal and external stakeholders is crucial, practice articulating your thoughts clearly. Prepare to discuss how you've built relationships with brokers and underwriters, and how you’ve communicated complex information to non-financial colleagues.
✨Be Ready for Process Improvement Discussions
The role involves optimising processes and implementing improvements. Come prepared with ideas or examples of how you've contributed to process enhancements in previous positions. This shows your proactive approach and willingness to drive efficiency.
