Ceded Re Reporting Analyst

: Ceded Re Reporting Analyst

How does this role contribute to our collective success?

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 Reinsurance 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 Analyst – Reporting (CRM) will report to the Ceded Re Lead who reports to the Global Head of Ceded Re Finance and Operations. The CRM will lead the global ceded reinsurance reporting and collateral function and ensure timely and accurate reporting per regulatory and corporate requirements.

What will you do in this role?

• Global Ceded Reporting and Collateral Management

• Ceded Reporting

• Assist in preparation and analysis of ceded reinsurance results for Group/legal entities/business units for financial close and reporting

• Assist reinsurance reporting, including monthly or quarterly reports, to committees / boards and Group / legal entity

• Ceded regional reporting includes but not limited to - US STAT, Bermuda, Canada, Lloyds, Solvency II and US GAAP

• Regulatory reports include quarterly SEC supplement, Solvency II templates and QRTS, Singapore MAS reports, Syndicate reports and others

• Assist and support preparation of other reports and analysis, including but not limited to reinsurance recoverable reports, risk transfer analysis and memos

• Support ProCede Schedule F module administration

• Ceded Collateral Management

• Assist in collateral reviews and reporting related to ceded reinsurance contracts

• Market reporting and coordination to obtain collateral increases and return of overfunding per contract terms

• Quarterly review of balances and collateral for Captives

• Assist in management and safekeeping of ceded collateral - letters of credit, trusts and funds withheld

• Assist and support regulatory compliance

• Develop strong relationships with internal and external clients to ensure accurate communication and timely response to inquiries

• Support reporting team to ensure accurate and timely reporting

• Ensure departmental compliance with operational controls including, but not limited to SOX controls

About You:

We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.

What you need to have:

• Bachelor’s degree in Accounting or equivalent

• Range of 1-5 years’ experience in reinsurance reporting

• Strong analytical and reconciliation skills

• Proficiency in Microsoft Office suite of products applications (Outlook, Word, and PowerPoint).

• 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)

What we prefer you to have:

• Highly motivated and organized to drive company initiatives, showing a strong level of accountability, integrity, and professionalism

• Ability to meet tight deadlines, work effectively during occasional challenging timelines 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 or exceed them

• Good 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

Role Factors:

In this role, you will typically be required to be in the office 3 days per week.

What we offer:

You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more.

For this position, we currently expect to offer a base salary in the range of $65,000 - 75,000 (Alpharetta) , $45,000 - 55,000 CAD (Halifax). Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location.

In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance. On top of this, you will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.

Where this role is based in the United States of America, this role is [Exempt/Non-Exempt] for FLSA purposes.

This posting is for an existing vacancy.