Ceded Re Reporting Analyst

AXIS (AXIS Capital)•Halifax, NS

1d•$65,000 - $75,000•Hybrid

About The Position

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.

Requirements

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

Nice To Haves

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)
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

Responsibilities

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
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