Ceded Reinsurance – Senior Facultative Technician

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.

AXIS is a global insurer and reinsurer focused on specialty lines and treaty reinsurance.AXIS is headquartered in Bermuda and operates in North America, EMEA, Asia, and Global Markets (including Lloyd’s).

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 Reinsurance Strategy.
• Provide clear accountability for outward reinsurance contract administration, outwards reinsurance controls and outward reinsurance reporting; and
• Drive process excellence and better data and analytics through technological enablement and our partnership with Genpact.

The Ceded Re Sr Analysts (CRA) will report to the Ceded Re Lead who reports to the Global Head of Ceded Re Finance and Operations.

The CRA will oversight and operational support for facultative administration including ceded premiums, losses, settlements, accounting, and other related ceded activities.

KEY DUTIES AND RESPONSIBILITIES :

Global Facultative Operational and Reporting Support

• Have a working knowledge of reinsurance contracts / Facultative certificates and resulting reporting requirements to assure ceded premiums and loss calculations are compliant.
• Review and interpret facultative certificates to setup contract terms for processing in reinsurance systems (ProCede)
• Coordinate ceded premium month end close process including review and validate reinsurance transactions with AXIS offshore partner
• Coordinate the monthly settlement of facultative business as well as resolving related issues and inquiries with AXIS offshore partner
• Develop strong relationships with internal and external clients to ensureaccurate communication and timely response to inquiries
• Assist with oversight and training with offshore partner
• Assist with cash administration including GL postings and reconciliations
• Assist with claims and underwriting when necessary to resolve inquiries
• Internal status or KPI reporting for various ceded activities
• Working knowledge of foreign currency exchange related to currency conversion and settlements
• Support departmental compliance with operational controls including, but not limited to SOX controls
• Other ad-hoc requests as required

KEY SKILLS AND EXPERIENCE :

• Bachelor’s degree in Accounting or equivalent
• Range of 4-7 years’ experience in reinsurance operations
• Strong analytical and reconciliation skills
• Proficiency in Microsoft Office suite of products applications (Outlook, Word, Excel, PowerPoint and Power Query).Advanced excel knowledge a must
• Advanced excel knowledge required
• Internationally recognized qualification pursuit or equivalent experience (CPA, CA, ARe, CPCU) a plus
• Retrocession and / or third-party capital industry knowledge with operations and reporting experience a plus
• Experience with ceded reinsurance and financial systems a plus (ProCede and Oracle / SmartView)
• Experience with Offshore operations a plus

KEY PERSONAL SKILLS REQUIRED :

• Highly motivated and organized to drive company initiatives, showing a strong level of 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
• Excellent oral and written communication skills, which will include report writing skills and the ability to develop and maintain effective working relationships.
• Highly numerate with analytical and problem solvency abilities

For this position, we expect to offer a base salary in the range of USD $72,000 - $120,000. The specific salary offer will be based on an assessment of a variety of factors, including the experience of the successful candidate and their work location.

In addition, all employees are eligible for competitive incentive targets, with awards based on overall corporate and individual performance.

On top of this, we offer a comprehensive and competitive benefits package which includes medical plans for employees and their families, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.