Ceded Reinsurance Sr Analyst

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. This means that we bring our whole selves to work. 

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.

How does this role contribute to our collective success?

The Ceded Finance and Operations function is responsible for delivering a strategic and forward-looking organization that will:

• Advance the Company’s growth and profitability goals through the enablement of the Ceded strategy.
• Provide clear accountability for outward reinsurance contracts, outwards reinsurance controls and outward reinsurance reporting.
• Drive process excellence and better data and analytics through technological enablement and team collaboration.

What will you do in this role?

• Coordinate the ceded contract administration processing after placement.

• Support reading and interpreting ceded contracts to setup treaty contract terms for processing in reinsurance systems. You may be required to summarise the material elements/terms of the contract.

• Enter contracts into AXIS Reinsurance Calculator (ARC) and assist with analysis of calculated results.

• Coordinate entry and approval of contracts into ProCede. You may be required to create or review ProCede Change Forms (PCFs) to assist with the data entry into the application.

• Assist with ceded premium month end close process including review and validation of reinsurance premium transactions.

• Asist with internal status or KPI reporting for contract administration end-to-end process.  

• Perform ceded premium analysis to validate, investigate and explain ceded results.

• Assist with contractual obligation processing and market communications. You may be required to produce premium adjustment, profit commission or reinstatement premium calculations for review by peers/Line Manager before distributing externally.

• Assist with contractual or requested commutations, liaising with various internal and external parties as necessary.

• Develop relationships with internal and external clients to ensure timely responses to inquiries and communications.

• Assist with claims and underwriting when necessary to resolve any queries specifically raised.

• Support departmental compliance with operational controls including but not limited to SOX controls. You may be required to produce documentation to provide support/evidence of compliance.

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:

• Have a working knowledge of reinsurance contracts and resulting reporting requirements to assure accurate interpretation, implementation and processing.
• Able to analyse data/figures and use reconciliation techniques to validate or identify differences.
• Proficiency in Microsoft Office suite of products applications (Outlook, Word, Excel, and PowerPoint). Able to perform complex functions in Excel such as pivot tables and lookups.
• Self-motivated and organized to drive company initiatives, able to demonstrate accountability, integrity, and professionalism.
• Proven ability to meet tight deadlines, work under pressure and respond to changing priorities.
• Team player with ability to collaborate with internal and external customers, understand the needs and goals of a customer and actively look for ways to meet them.
• Able to communicate clearly both orally and in writing, including writing reports and the ability to develop and maintain effective working relationships.
• Be comfortable working with numeric data sets and able to analyse and problem solve when required.

What we prefer you to have:

• Bachelor’s degree in Accounting or equivalent.

• Hands on experience with ceded reinsurance and financial systems (especially ProCede and Oracle/SmartView).
• Internationally recognized accounting qualification pursuit or equivalent experience (CPA, ARe, CPCU).
• Practical knowledge experience of retrocession and/or third-party capital industry with operations and reporting experience.

Role Factors:

In this role, you will typically be required to be present in the London Office a minimum of 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.