Ceded Reinsurance – Senior Credit Controller
London/Working Remotely
This role resides within the Ceded Reinsurance Technical Accounting team in London. This team is responsible for administering all Treaty Reinsurance business written within AXA XL. This includes settlement of all Ceded Premium in line with AXA XL payment guidelines and the recovery of all Ceded Recoveries processed within the AXA XL systems. This role requires the individual to be responsible for the credit control of all balances within their remit including Bad & Aged debt Management. This will include Treaty portfolios on a global basis to assist with reduction of large and aged debt. The individual will be required to develop and maintain relationships with all internal and external stakeholders, to provide a high level of service and accuracy to all clients at all times. Adhering to any bespoke requirements, so workload management and attention to detail is key. The role requires the individual to have interactions with numerous areas within the organization (Ceded Re, Middle Office, Finance, Claims, Client Managers) and external to the AXA XL (Brokers, Reinsurers) on a global basis so excellent communication skills are essential along with experience.
DISCOVERyour opportunity
What will your essential responsibilities include?
1. Ensure that Credit Controlling is performed to a high standard to include attending regular meetings with internal and external parties.
2. Be responsible for the Credit Control of all outstanding balances (under individual accountability) including maintaining the input and timely reconciliation of cash receipts
3. Responsibility for the updating of internal Credit Control reports in turn providing individual Reinsurer dashboards
4. Attend regular meetings with Technical Accounting Management team to effectively target and resolve aged debt issues
5. Maintain and promote a strong working relationship with local team and the global Technical Accounting team to resolve all queries and to improve service level provided and cash flow between all parties.
6. Ensure a team approach is taken towards all program business ensuring all settlement requirements are adhered to
7. Assist in the co-ordination of historical reinsurer ledger clean up exercise, liaising where appropriate with individuals both internal and external to the department
8. Work with (other global) TA Credit Controllers coordinating effective process enhancements ensuring any changes are effectively documented.
9. Involvement in the distribution of funds across AXA XL network, including monthly reconciliation and escalation of historical unresolved balances
10. Develop and cultivate a strong working relationship with the Shared Services (India) team as well as London and US teams to promote synergies and overlap where required.
11. Provide regular support and assistance to Line Manager
You will report to – Ceded Re Technical Accounting Global Senior Manager
SHARE your talent
We’re looking for someone who has these abilities and skills:
12. Experience in Insurance Industry within Credit Control
13. PC Skills – Microsoft Word/Excel and Email essential
14. Accuracy and attention to detail are essential
15. Excellent communication skills are required
16. Ability to prioritize, multitask and work under pressure
17. Ability to work well on own and part of a team
18. Ability to self-motivate.
FIND your future
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.
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