SHARE your talent We’re looking for someone who has these abilities and skills: Bachelor’s degree in business, finance, accounting or a related area, or equivalent work experience. Years of experience in Finance and/or Reinsurance industry or equivalent combination of training and experience. Proven efficiency in ability to multitask, with attention to detail. Proficient in Microsoft Office (Excel, Word, Access). Excellent research and analytical skills, robust financial reconciliation skills. Display excellent customer relation skills, as well as result driven. 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. Learn more at axaxl.com Inclusion & Diversity 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 a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can 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. 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 AXA XL is an Equal Opportunity Employer and does not discriminate against any colleague or applicant for employment on the basis of race, color, national origin, religion, sex, gender identity and/or expression, sexual orientation, age, disability, genetic information, veteran status, military status or any other category protected by local law. Senior Technical Accountant (Ceded Reinsurance) London, England, United Kingdom Ceded Reinsurance is a strategic function within AXA XL in charge of defining and implementing the reinsurance strategy as well as administrating all reinsurance treaties through their lifecycle. Ceded Re is part of the AXA XL Risk Management function, the AXA XL Chief Risk Officer being member of AXA XL Leadership team. Ceded Re Operations team is responsible for the administration of all Treaty Reinsurance business written within AXA XL. Ceded Re Operations is composed of 4 key poles\: Technical Operations, Technical Accounting, Data & Operations Reporting and Central Operations. This role resides within the Ceded Reinsurance Technical Accounting team based in UK, which is responsible primarly responsible for: Overseeing settlement of all Ceded Premiums in line with AXA XL payment guidelines and the recovery of all Ceded Recoveries (ca. USD 3bn per year) processed within the AXA XL systems; Collaterals collection (ca. USD9bn) Overseeing BDX releases to reinsurers; Performing credit control of all balances within their remit including Bad & Aged debt Management for both treaty and aged Facultative portfolios (over a year) on a global basis to assist with reduction of large and aged debt. The individual will be required to: Manage the collaterals collection for US entities (ca. USD9bn) liaising with ca. 150 brokers or reinsurers; Contribute to the technical accounting processes for the US entities; Participate to the Ceded Re transformation plan as Subject Matter Expert; Develop and maintain influential relationships with all interna (ESS team, claims, underwriting and middle office) and external stakeholders (brokers, reinsurers, auditors). DISCOVER your opportunity ENVIRONMENT AND CHALLENGES: Mandate As of Q4 2024, Ceded Re manages $9bn of collaterals (LOC, Trust or Funds Held) across 150 reinsurers required to avoid Solvency Capital charge in the US responsible to oversee the effective claims recoveries process of Procede Related business (1/3 of the ceded operations for AXA XL Insurance segment). The reinsurance accounting specialist manages relationship with Core Brokers and reinsurers involved in the collaterals management process (Guy Carpenter, AJG / Willis, AON, Lockton) to ensure smooth collaboration and high quality of services. Exposure This individual will be expected to liaise with internal and external customers to include\: Internally with ESS (Shared Services – India), Actuaries, Finance, Underwriting, Claims, IT and Legal. Externally with Core Brokers, Reinsurers, Banks (for collateral purposes) and Auditors Communication Excellent written and oral communications skills. Excellent organization and prioritization skills MAIN ACTIVITIES Bordereaux Issuance\: Oversee the bordereaux release to brokers and reinsurers (Procede related). Credit Control and Cash Collection\: Manage the ca. $6bn collaterals collection process to mimimize Capital Charge in the US and Credit control and cash collection process to ensure fast collection process and avoid bad debt provisions or write offs. Relationship with Core Brokers\: Manage the relationship with reinsurers and brokers for collaterals. Report timely any issue. Regulatory and Operational Reporting\: Contribute to the production and submission on time of regulatory reporting (e.g. Schedule F in the US) and all operational reporting required for operating (e.g. credit control, RI dashboard, …). Ad hoc\: Contribute or lead appropriately and on time any ad hoc requests from Group (e.g. credit risk exposure), Risk Management (e.g. presentation to the AXA XL Audit, Risk and Compliance Committee or Reinsurance Committee) or finance team (e.g. Tax audits). DETAILED ACTIVITIES Managing the collateral process, ensuring proper collateral is in place at year-end for statutory purpose to reduce the Schedule F penalty exposure for Greenwich Insurance Company. Organize and manage the redesign project to its conclusion at year end 2023 getting all collateral amended to Greenwich as pool leader from XLRA. Manage the daily activity with regards to collateral decreases and withdrawals, ensuring our clients receive the proper communication regarding the activity around their Letters of Credit, Trusts accounts and Funds withheld as well as the Multi beneficiary trusts. Responsible for the gathering of ceded reinsurance exposure data and communicating it to the reinsurers and brokers for yearly collateral increases and decrease. Maintain a collateral inventory updated daily with any new activity and the reconciliation of Ceded Re inventory to the Financial Risk Managers monthly report. Work closely with Technical Operations as well as the Technical Accounting staffs in India who supports the collateral process and creation of the database for reporting exposures to our clients. Work closely with the Reinsurance segment, our actuaries, and our London counterparts to ensure proper exposure calculations and the reduction of potential schedule F penalties. Manage and develop enhanced reports and reconciliations to streamline the collateral process and report accurate and timely information to both internal and external customers. Develop, recommend, and implement continuous improvements to processes, reports, and technology solutions. Acquire and command the knowledge of the systems used within the company (Genius, ProCede, Access and Documentum) Assist in the daily activities of Technical Accounting (cash processing, invoicing, collections and reporting to upper management and other internal customers also working closely with our India support team to ensure accurate and timely delivery of all tasks required. Assist in the management of audits and ensuring that all supporting documentation is delivered in a timely manner to EY, FIC and internal audit. Training the offshore team