Job Description
Job description
Senior Reinsurance Accountant
London, UK
AXA XL is looking for a highly organized and analytical Senior Reinsurance Accountant to join the Ceded Reinsurance Team in London, UK
Responsibilities include analyzing and implementation of reinsurance treaty agreements protecting Axa XL group, identifying terms and conditions, analysis of premium/commission/claim registration, and other attachment criteria. The candidate will interact with a diverse group of internal & external personnel including Actuaries, Senior Underwriters, Ceded Reinsurance Buyers and Brokers and Senior Management
DISCOVER your opportunity
What will your essential responsibilities include?
• The positions primary component involves managing reinsurance program in place ensuring that: complex reinsurance contracts are correctly interpreted to determine the accurate accounting for it; all entities covered are accounted for in relevant systems. To accomplish this the candidate must exercise independent judgment and discretion about matters of material financial impact to Axa XL’s financial stability.
• The position’s primary goal is to sustainably improve AxaXL’s net risk/return profile with an emphasis on enhancing shareholder value. That entails Reinsurance contract setup in appropriate systems; Ceded Premium booking/billing/payment; Loss recovery calculation; Recoveries collection from reinsurers.
• Work closely with actuarial team to have correct reinsurance premium allocation based on global treaty terms to make sure that the ceded transactions booked in the ledger reflect the allocation provided for each relevant system.
• Partner with Ceded Re Buyers and the Business Units to prepare & evaluate ceded premium allocation to accurately impact business unit financial results
• For the Global ceded recoveries management, primary responsibilities align with management of multi system/ manual calculations of global claim aggregation/exhaustion; actuarial allocation to multiple systems of claim recoveries, reinstatement premiums, monitoring the AAD (Annual Aggregate deductibles) as well as management of multisystem commutation activities and/or execution of individual commutations
• The position is responsible for month-end, quarter-end and year-end closing processes of the assigned reinsurance program for all relevant systems technical accounts. Communicate and resolve issues with the business units finance teams and reinsurance intermediaries impacting efficient execution of ceded reinsurance programs.
• The position requires understanding of NAIC requirements for Schedule F as well as New York State Department of Financial Services requirements for insurance company financial statement preparations as it relates to reinsurance transactions. The position requires assistance in preparation of quarterly Schedule F statement for the whole insurance segment and successful submission to CDCA. It involves Identifying, investigating and documenting the differences found in the reconciliation process.
• The job duties involve direct and continuous communications with external clients regarding our contractual agreements accounting/cash flow as well as requires management of the company’s collateral process, to ensure that proper collateral is in place at year-end for statutory reporting requirements and reduction of Schedule F penalties.
• The position requires management of the daily activity with regards to collateral decreases and withdrawals, ensuring our clients receive the proper communication and documentation regarding the activity around their Letters of Credit, trust accounts and funds withheld as well as the Multi beneficiary trusts
• Develop, recommend, and implement continuous improvements to processes, reports and technology solutions
• Training the offshore team
• Performing monthly data quality/verification process and explaining any discrepancies found
• Acquire and command the knowledge of the systems used within the company (ProCede, WINS, CH GENIUS, Hartford GENIUS, The Frame, Global Claims System, Documentum)
You will report to Head of Regional Accounting Operations, Ceded Reinsurance, United States.
SHARE your talent
We’re looking for someone who has these abilities and skills:
Required Skills and Abilities:
• Bachelor’s Degree in business, finance, accounting or a related area
• Moderate to extensive reinsurance accounting experience required
• Experience in Finance and/or Reinsurance industry or equivalent combination of training and experience.
• Knowledge of various forms of reinsurance, specifically XOL contracts as relates to loss
• Application and calculation
• Understanding of functions pertaining to ceded reinsurance accounting is required
• Successful completion of industry professional designations – CPCU, AIAF or ARe preferable
• Excellent written and oral communications skills.
• Proven efficiency in ability to multitask, with attention to detail.
• Proficient in Microsoft Office (Excel, Word, Access). Knowledge of SQL is preferred.
• Excellent research and analytical skills, robust financial reconciliation skills.
• Display excellent customer relation skills, as well as result driven.
FIND your future
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
Inclusion & Diversity
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, ****** 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 can 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.
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 2026-26 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 Sustainability at AXA XL.
The U.S. pay range for this position is USD 53,000 - +5,000. Actual pay will be determined based upon the individual’s skills, experience, and location. We strive for market alignment and internal equity with our colleagues’ pay.
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. For more details about AXA XL’s benefits offerings, please visit US-Benefits-at-a-Glance_2026_US.pdf (myaxaxlbenefits.com).
Senior Reinsurance Accountant
London, UK
AXA XL is looking for a highly organized and analytical Senior Reinsurance Accountant to join the Ceded Reinsurance Team in London, UK
Responsibilities include analyzing and implementation of reinsurance treaty agreements protecting Axa XL group, identifying terms and conditions, analysis of premium/commission/claim registration, and other attachment criteria. The candidate will interact with a diverse group of internal & external personnel including Actuaries, Senior Underwriters, Ceded Reinsurance Buyers and Brokers and Senior Management
DISCOVER your opportunity
What will your essential responsibilities include?
• The positions primary component involves managing reinsurance program in place ensuring that: complex reinsurance contracts are correctly interpreted to determine the accurate accounting for it; all entities covered are accounted for in relevant systems. To accomplish this the candidate must exercise independent judgment and discretion about matters of material financial impact to Axa XL’s financial stability.
• The position’s primary goal is to sustainably improve AxaXL’s net risk/return profile with an emphasis on enhancing shareholder value. That entails Reinsurance contract setup in appropriate systems; Ceded Premium booking/billing/payment; Loss recovery calculation; Recoveries collection from reinsurers.
• Work closely with actuarial team to have correct reinsurance premium allocation based on global treaty terms to make sure that the ceded transactions booked in the ledger reflect the allocation provided for each relevant system.
• Partner with Ceded Re Buyers and the Business Units to prepare & evaluate ceded premium allocation to accurately impact business unit financial results
• For the Global ceded recoveries management, primary responsibilities align with management of multi system/ manual calculations of global claim aggregation/exhaustion; actuarial allocation to multiple systems of claim recoveries, reinstatement premiums, monitoring the AAD (Annual Aggregate deductibles) as well as management of multisystem commutation activities and/or execution of individual commutations
• The position is responsible for month-end, quarter-end and year-end closing processes of the assigned reinsurance program for all relevant systems technical accounts. Communicate and resolve issues with the business units finance teams and reinsurance intermediaries impacting efficient execution of ceded reinsurance programs.
• The position requires understanding of NAIC requirements for Schedule F as well as New York State Department of Financial Services requirements for insurance company financial statement preparations as it relates to reinsurance transactions. The position requires assistance in preparation of quarterly Schedule F statement for the whole insurance segment and successful submission to CDCA. It involves Identifying, investigating and documenting the differences found in the reconciliation process.
• The job duties involve direct and continuous communications with external clients regarding our contractual agreements accounting/cash flow as well as requires management of the company’s collateral process, to ensure that proper collateral is in place at year-end for statutory reporting requirements and reduction of Schedule F penalties.
• The position requires management of the daily activity with regards to collateral decreases and withdrawals, ensuring our clients receive the proper communication and documentation regarding the activity around their Letters of Credit, trust accounts and funds withheld as well as the Multi beneficiary trusts
• Develop, recommend, and implement continuous improvements to processes, reports and technology solutions
• Training the offshore team
• Performing monthly data quality/verification process and explaining any discrepancies found
• Acquire and command the knowledge of the systems used within the company (ProCede, WINS, CH GENIUS, Hartford GENIUS, The Frame, Global Claims System, Documentum)
You will report to Head of Regional Accounting Operations, Ceded Reinsurance, United States.
SHARE your talent
We’re looking for someone who has these abilities and skills:
Required Skills and Abilities:
• Bachelor’s Degree in business, finance, accounting or a related area
• Moderate to extensive reinsurance accounting experience required
• Experience in Finance and/or Reinsurance industry or equivalent combination of training and experience.
• Knowledge of various forms of reinsurance, specifically XOL contracts as relates to loss
• Application and calculation
• Understanding of functions pertaining to ceded reinsurance accounting is required
• Successful completion of industry professional designations – CPCU, AIAF or ARe preferable
• Excellent written and oral communications skills.
• Proven efficiency in ability to multitask, with attention to detail.
• Proficient in Microsoft Office (Excel, Word, Access). Knowledge of SQL is preferred.
• Excellent research and analytical skills, robust financial reconciliation skills.
• Display excellent customer relation skills, as well as result driven.
FIND your future
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
Inclusion & Diversity
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, ****** 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 can 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.
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 2026-26 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 Sustainability at AXA XL.
The U.S. pay range for this position is USD 53,000 - +5,000. Actual pay will be determined based upon the individual’s skills, experience, and location. We strive for market alignment and internal equity with our colleagues’ pay.
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. For more details about AXA XL’s benefits offerings, please visit US-Benefits-at-a-Glance_2026_US.pdf (myaxaxlbenefits.com).
💡 Quick Summary
Seeking a career-building opportunity? The Senior Reinsurance Accountant position is now open for candidates interested in the Accountant Jobs sector. This role in London offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.
