Placement Lead

AXA•New York, NY

About The Position

Placement Lead Hartford, NYC, Stamford or Philadelphia The Ceded Reinsurance Placement Team is responsible for the purchase and the management of the global reinsurance programs at AXA XL , working closely with AXA XL's underwriting teams, legal entities, Regional and Global Leadership Teams, and Risk Management colleagues to understand AXA XL's risk appetite limits and how to meet them. The Ceded Reinsurance placement team works across all business lines. The portfolio is all Treaty business with an equal split between Quota Share and Excess of Loss

Requirements

First Reinsurance experience is essential for this role and previous experience of Ceded Reinsurance is highly beneficial.
Understanding of Reinsurance contract wordings including formation and interpretation.
Able to contribute to data and analytical skills for the ability to manage large submission data sets.
Appreciate capital modelling and actuarial analysis in the purchase of reinsurance is beneficial.
Effective Communication: Excellent verbal and written communication, collaboration and presentation skills.
Ability to negotiate reinsurance business externally.
Able to work across a global team; showing collaboration with peers and other team members.
Mental Agility: Innovative thinker, willing to turn ideas on their head.
Capable of handling complex situations.
Knowledge of Specialty, Property and Casualty Insurance and Reinsurance.
Technical orientation.
Ability to work to tight placement process deadlines to ensure placement is completed in a timely fashion.
Some travel required including domestic and international.
Applicants for this role must be legally authorized to work in the United States without sponsorship now or in the future.

Responsibilities

Support the placement process for key reinsurance placements (submission preparation, contract review, contract negotiation, handover to Ceded Re operations etc.).
Participate in negotiations to secure competitive terms, structure and pricing.
Help ensure contracts reflect negotiated terms, comprehensive coverage and market leading terms and conditions.
Help ensure negotiations conclude successfully on or before treaty inception.
Contribute relationships inside and outside the enterprise to understand and foster their business objectives.
Help ensure that all related parties understand the programs, from operational through to underwriting.
Serve as a key member of the Ceded Reinsurance Placement Team.
Liaise & collaborate on an on-going basis with other Ceded Re teams (placement, operations) and AXA XL/AXA Group stakeholders to encourage innovation and continuous improvement for the placements process and approach.
Participate in strategic projects as they arise, take on lead and back-up roles as deemed appropriate.
Stay up to date on coverage and legal trends to help ensure contracts protect the company from adverse or unexpected loss.

Benefits

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 enables business growth and is critical to our success.
That's why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a 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
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.
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.
At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits.
We also believe in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers.