Ceded Re Solutions Analyst

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 any protected characteristic, including age, color, disability, ethnicity, gender identity, marital status, national origin, pregnancy, race, religion, sex, sexual orientation, veteran status, or any basis prohibited by the laws that govern its operations.

Job Description: Ceded Re Solutions and Support Analyst

BACKGROUND:

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 enhancement and automation.

The Ceded Re Analyst – Solutions (CRM) will report to the Ceded Re Lead who reports to the Global Head of Ceded Re Finance and Operations.  The CRM will support the global ceded reinsurance processing and accounting functions and ensure timely and accurate processing per corporate requirements.  The CRM will support system fixes and enhancements to Ceded Re systems to facilitate accurate and efficient processing.

KEY DUTIES AND RESPONSIBILITIES:

• Global Ceded Reinsurance Processing

• Ceded Processing

• Maintain Calendar for Ceded Re Systems processing

• Assist in entry of ceded reinsurance contracts for financial close processing and reporting

• Assist in monthly and quarterly ceded reinsurance processing, including file receipt and analysis, initiation of calculations, review tracking and posting of results

• Document all Ceded Re Systems processing steps, transition processing to offshore resources, own monitoring and support of those resources

• Provide systems support and fulfill data requests for Ceded Re Operations team

• Gather system documentation and data to fulfill internal and external audit requests

• Ceded Re System Enhancements

• Perform User Acceptance Testing of enhancements to Ceded Re Systems

• Support lead in the identification and development requirements for enhancements to Ceded Re Processing, Reporting and Analysis

• Assist in management and prioritization of enhancements across Ceded Re Systems

• Develop deep knowledge of ceded re systems and data requirements to accurately automate processing of business

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

• Ensure departmental compliance with operational controls including

KEY SKILLS AND EXPERIENCE:

• Bachelor’s degree in Accounting or equivalent,  OR,  Bachelor’s degree in Computer Science or equivalent

• Strong analytical and problem solvency abilities

• Able to navigate and review SQL code

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

• Advanced excel knowledge required

• Exposure to Agile project management methodology 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)

KEY PERSONAL SKILLS REQUIRED:

• 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.

This posting is for an existing vacancy.