Reinsurance Specialist performs routine reinsurance administrative duties, such as maintaining records, processing and verifying new business. Organizes the preparation of monthly and annual reports and ensures reinsurance information has been recorded accurately. Being a Reinsurance Specialist performs reconciliation of premium billing statements and DAC tax calculations and maintenance of various reinsurance operations. Researches and resolves the more complex cases and provides guidance to others. Additionally, Reinsurance Specialist may review work performed by others and train new staff. Works towards industry designations (e.g., FLMI, ARA, ACS, etc.). Requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Reinsurance Specialist gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Reinsurance Specialist typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)
AXA XL Reinsurance is the dedicated Assumed Reinsurance arm of AXA Group. We are one of the world’s largest P&C reinsurers with a leading position in all major global reinsurance markets. We take pride in our relationship-driven underwriting, forward-thinking use of science and data, tangible climate change strategies, and a commitment to be there for the long haul.
The Reinsurance Underwriting Risk Management team is responsible for ensuring that the Assumed Reinsurance activities of AXA XL have adequate risk management in place, meeting AXA Group Standards and Policies, supported by adequate governance and organisation to ensure effective functioning. In addition, the team ensures that risk framework models and metrics appropriately reflect the risks and economic performance of the assumed reinsurance business.
Our risk management uses sophisticated modelling tools and vast amounts of data to evaluate exposure to catastrophe losses and to aggregate assessment of man-made, credit, country, terrorism and operational risks.
We are looking for an experienced and self-motivated actuary with a solid analytical background. The actuary will need to work on maintaining and improving exposure management tools and processes, reviewing and monitoring risk positions, supporting the team with risk methodology assessment and improvement, risk profitability analyses, and other risk-related projects with AXA XL Re’s underwriting risk management function.
In addition, the actuary will be working closely with underwriting groups thus good communication skills and being able to take initiatives in projects are key to the success of the role.
You will report to the Senior Underwriting Risk Manager, Reinsurance
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In close collaboration with the Senior Underwriting Risk manager:
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AXA XL, the P&C and speciality 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 speciality.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Learn more at axaxl.com
Inclusion & Diversity
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.
Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.
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:
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.
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