We invent the new to help the world move forward. Combining powerful analytics and deeper insights with bigger ideas and innovative solutions, we free up our clients potential, thereby fulfilling our own. Take it seriously. Make it fun. Know it matters. Reinsurance Facultative Underwriting process includes accounting for reinsurance submissions, clearances, endorsements, reserves, deposits, reinstatements etc. for various types of facultative contracts. The team also handles queries with the Underwriters and closely work with CAT modelers. Facultative Underwriting teams are responsible for handling and input information received from cedants/brokers to ensure the timely update and correct accounting in Sub ledger. Senior Specialist will work as a SME of the team and would shoulder responsibilities closely with the Team Leader in managing the team. You will be managing, coaching, developing and motivating the team through training, query resolution and quality control practices. You will play key role in maintaining the team's SLA and KPI's. You will also support your team with administration duties following a pre-defined process assuring accuracy and integrity. The ability to take ownership for team deliverables and the timely and appropriate escalation of issues arising is essential. You will be providing production support to the team which is one of the key responsibilities of this role. As an organization we are identifying opportunities to automate the manual activities. So that the more value-added activities can be added and performed in the shared services. The expertise would be utilised to implement various Process Improvement ideas and CI projects. The role would require performing complex technical accounting tasks and credit control analysis.For the right person this is a fantastic opportunity to progress and grow into reinsurance technical accounting within a very fast-growing company.
What You'll Be DOING
What will your essential responsibilities include
- Processing accounting transactions and related to submission activity for assigned brokers and ceding companies within a team environment.
- Supporting and developing the team through regular communication, training, coaching.
- Support Team Leader in Prioritizing and organizing team's workloads for the assigned area.
- Ensuring Continuous Improvement initiatives are tracked and supported where necessary.
- Preparing reports as requested to support the technical accounting, cash allocation and aged debt management responsibilities.
- Documenting and assisting with control processes and Internal Audit.
- Cooperating closely with Technical Accounting Support and Claims team Leaders, ensure that the teams work collaboratively.
- Developing and maintaining relationships with the onshore stakeholders and various brokers and cedants.
- Ensuring processes, procedures and SLA's are met and adhered to. Comply with Global Facultative guidelines and procedures.
You will report to Deputy Manager, Reinsurance.
What You Will BRING
We're looking for someone who has these abilities and skills:
Required Skills And Abilities
- Graduate / Postgraduate with relevant years of experience within Reinsurance industry.
- Technical Accounting work types and procedural experience.
- Experience of working in MS-Excel and PowerPoint is required.
- Self-supported who is solution orientated and has the ability to work within a team environment.
- Resilient develops, communicates and oversees the execution of solutions to resolve issues persistent within the portfolio.
Desired Skills And Abilities
- Robust written and verbal communication and interpersonal skills to work effectively with internal clients and customers.
- 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.
Who WE are
AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don't just provide re/insurance, we reinvent it.
How By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Learn more at axaxl.com
What we OFFER
Inclusion
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 and 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.
It's about helping one another and our business to move forward and succeed.
- Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.
- Robust support for Flexible Working Arrangements
- Enhanced family-friendly leave benefits
- Named to the Diversity Best Practices Index
- Signatory to the UK Women in Finance Charter
Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.
Total Rewards
AXA XL's Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.
We're committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.
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. Our 2023-26 Sustainability strategy, called Roots of resilience, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
Our Pillars
- Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society are essential to our future. We're committed to protecting and restoring nature from mangrove forests to the bees in our backyard by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
- Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
- Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We're training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
- AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL's Hearts in Action programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day the Global Day of Giving.
For more information, please see axaxl.com/sustainability.
