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Senior Technical Accountant (Ceded Reinsurance), London
Client: AXA Group
Location: London, United Kingdom
Job Category: Other
EU work permit required: Yes
Job Reference:
d5be851b88ae
Job Views:
58
Posted:
25.08.2025
Expiry Date:
09.10.2025
Job Description:
Senior Technical Accountant (Ceded Reinsurance)
London, England, United Kingdom
Ceded Reinsurance is a strategic function within AXA XL, responsible for defining and implementing reinsurance strategy and administering all reinsurance treaties through their lifecycle. It is part of the AXA XL Risk Management, with the AXA XL Chief Risk Officer as a member of the leadership team.
The Ceded Re Operations team manages all Treaty Reinsurance business written within AXA XL, comprising Technical Operations, Technical Accounting, Data & Operations Reporting, and Central Operations.
This role is within the UK-based Ceded Reinsurance Technical Accounting team, primarily responsible for:
* Overseeing settlement of all Ceded Premiums and recovery of all Ceded Recoveries (~USD 3bn/year);
* Managing collaterals collection (~USD 9bn);
* Overseeing BDX releases to reinsurers;
* Performing credit control and aged debt management for treaty and facultative portfolios globally;
* Managing collaterals collection for US entities (~USD 9bn);
* Contributing to technical accounting processes for US entities;
* Participating in the Ceded Re transformation plan as SME;
* Developing relationships with internal and external stakeholders.
Discover your opportunity
Environment and Challenges:
* Managing $9bn of collaterals across 150 reinsurers to avoid Solvency Capital charge in the US.
Exposure:
* Interacting with internal teams (ESS, Actuaries, Finance, Underwriting, Claims, IT, Legal) and external partners (brokers, reinsurers, banks, auditors).
Main Activities
* Overseeing bordereaux issuance, managing collateral processes, and relationship management with brokers and reinsurers.
* Ensuring compliance with regulatory and operational reporting requirements.
* Handling ad hoc requests related to credit risk, risk management, and tax audits.
Detailed Activities
* Managing collateral processes, ensuring proper collateral in place, and coordinating project redesigns.
* Maintaining collateral inventory and reconciliation.
* Collaborating with technical teams and external partners to ensure accurate exposure calculations and reporting.
* Developing reports and process improvements.
* Supporting daily technical accounting activities and audits.
Candidate Profile
* Bachelor’s degree in business, finance, or related field, or equivalent experience.
* Experience in finance or reinsurance industry.
* Proficiency in Microsoft Office, analytical skills, and customer relations.
Find your future
AXA XL is known for solving complex risks with a comprehensive approach, combining technology, data insights, and talent to deliver top service across various lines of business.
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