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Ceded Re Finance Senior Analyst at Axis Capital Holdings LTD

Ceded Re Finance Senior Analyst

Axis Capital Holdings LTD New York, NY (Onsite) Full-Time
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 Re 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 Risk Funding strategy.

* Provide clear accountability for outward reinsurance contracts, outwards reinsurance controls and outward reinsurance reporting.

* Drive process excellence and better data and analytics through technological enablement and expanding partnership with Genpact.

The Ceded Re Finance Senior Analyst (CRSA) will report to the Risk Funding Controller. The CRSA will provide operational support for ceded re cash administration, open balance monitoring, bordereaux reporting, collections/settlements, reconciliations and other related ceded activities.


Global Risk Funding/Ceded Re Operational Support

* Coordinate the day-to-day management of ceded cash, including

cash administration in reinsurance system (ProCede), LORS and GL

* Supervise the monitoring and settlement of open ceded balances

* Assist with collections and preparation of ceded payments

* Oversee ceded cashflow projections

* Regular reporting of status of ceded settlements including aged reports. Provide various cash reports and metrics.

* Manage ceded payable and recoverable account balances and reconciliations

* Assist in the review of cash journal entries and cash Logs

* Support the billing and settlement of ceded bordereaux as well as assist in the resolution of related complex challenges and market inquiries

* Develop strong relationships with internal and external clients to ensure timely cash administration and inquiry responses

* Support ceded reporting to markets to ensure appropriate level of service

* Support departmental compliance with operational controls including, but not limited to SOX controls

* Work with foreign currencies related to conversions and settlements

* Other ad-hoc requests as required


* Bachelor's degree in Accounting or equivalent

* Minimum 5 years' experience in reinsurance operations

* Strong analytical and reconciliation skills

* Proficiency in Microsoft Office suite of products applications (Outlook, Word, Excel, and PowerPoint). Advanced excel knowledge a must

* Internationally recognized accounting qualification pursuit or equivalent experience (CPA, 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)


* 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 currently expect to offer a base salary in the range of 95 to 115 (NY), 85 to 110 (Chi), 80 to 100 (GA)]. Expected salary range information for Toronto available on candidate request. ?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.

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