Analyst, Reinsurance

Job Description

Job Description Analyst/Senior Analyst - Reinsurance Gurgaon, Haryana, India We invent the new to help the world move forward. Combining powerful analytics and deeper insights with bigger ideas and innovative solutions, we free up our clients’ potential, thereby fulfilling our own. Take it seriously. Make it fun. Know it matters. The Reinsurance Technical Accounting process includes accounting for reinsurance premiums, commissions, claims, reserves, deposits, reinstatements etc. for various types of assumed and retro contracts. The team also handles the cash disbursements and cash receipts allocation of technical entries. The Assumed teams are responsible for handling and input of technical accounting information received from cedants/brokers, while the ceded team takes the information input by the assumed team and then generates the ceded booking statements that are then entered into the system and sent out to the retrocession Aires. The person working as a senior analyst is responsible for resolving any issues that may arise while processing the accounts; they have the responsibility to ensure that the numbers entered the sub-system are correct and are settled in a timely manner. They also need to ensure that the proper backups and calculations are available for auditors as and when required. The person required for the role should be a Graduate/Postgraduate - B. Com / M. Com / MBA - Finance. Work experience in a Reinsurance / international work environment (preferably insurance/reinsurance processes) will be preferred. Knowledge of MS Office (Word, Excel, PowerPoint) is required. Processing accounting transactions and related cash activity for assigned brokers and ceding companies within a team environment. What You’ll Be DOING What will your essential responsibilities include? Analyzing the premium and loss histories of the treaty business. Establishing and maintaining relationships with internal and external clients. Analysis, booking and reconciliation of various reinsurance accounts, including those with adjustable features such as commissions and premium adjustments. Handling of cash activity for assigned clients including application, collection, and accounts payable. Assist as necessary in the monthly & quarterly closing process. Work closely with other internal departments on special projects as and when required. You will report to AM/DM - Reinsurance What You Will BRING We’re looking for someone who has these abilities and skills: Required Skills And Abilities Graduate / Postgraduate with years of experience within the Reinsurance industry. Technical Accounting Experience. Team Leading background. Experience in MS Excel and PowerPoint is required. Self-starter who is solution-orientated and can work within a team environment. Resiliently develops, communicates, and oversees the execution of solutions to resolve issues persistent within the portfolio. Desired Skills And Abilities Effective written and verbal communication and interpersonal skills to work effectively with internal clients and customers. Organized with the ability to sort multiple priorities, meet tight deadlines and be detail orientated. Ability to use initiative in day-to-day activities to resolve issues or flag them to management for review. Who WE Are 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 What We OFFER Inclusion 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 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. Total Rewards AXA XL’s Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do. We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence. 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. Show more Show less