Reinsurance Assistant

AXA Group; United Kingdom; Hybrid; GBP 30,000 - 60,000; Full time

Job description

AXA Commercial arranges outwards reinsurance to ensure its long-term financial stability and status as an authorised UK insurer, to enable it to provide customers with types of insurance cover that are outside risk appetite and where necessary as part of and to support wider commercial arrangements.

If you’re technically astute with strong analytical skills and actuarial experience, this could be an excellent opportunity for you. We’re seeking a Reinsurance Assistant to join our team. You’ll support the Reinsurance Director in advising the business on reinsurance purchase options and in administering all outwards reinsurance arrangements across Retail and Commercial.

At AXA we work smart, empowering our people to balance their time between home and the office in a way that works best for them, their team and our customers. You'll work at least 40% of your week away from home, moving to the majority of your working week from September 2025. Away from home means either attendance at one of our office locations, visiting clients or attending industry events.

What you’ll be doing:

• Support the provision of accurate, complete and timely account profile data to the reinsurance market alongside Underwriting and Claims.
• Get involved in the collection of property exposure data to be used for AXA Group Risk Management’s windstorm and flood modelling work and by the UK Capital Team to calculate STEC.
• Work with Finance (Record To Close Team) in delivering an accurate and timely monthly reinsurance financial result.
• Calculate accurate reinsurance recovery amounts and projections that are, where applicable, in accordance with AXA’s agreed methodology for periodic payment orders.
• Support the Reinsurance Director in ensuring that the reinsurance element of each successive financial plan or forecast accurately reflects the plans of the Underwriting departments and is consistent with the overall plans and forecasts.
• Contribute to the Reinsurance Team’s drafting of or reviewing of drafts of outwards reinsurance agreements.
• Help implement AXA Group standards, recording outwards reinsurance arrangements via e-Declare in respect of Solvency II Pillar III. Occasionally placing reinsurance with individual reinsurers within the set limits of AXA SA.
• Contribute to the teams compliance with reinsurance-specific governance controls, including the monitoring and influencing of stakeholders.

What you’ll bring:

• Strong analytical skills and actuarial expertise.
• Knowledge and experience of Commercial and/or Retail insurance underwriting.
• Ability and appetite to develop knowledge of reinsurance and classes of insurance.
• Excellent skills in using software packages, especially Excel, to support analysis and reporting.
• Drive to develop skills in using platforms that are required for the reinsurance function, such as e-Declare, Elypse, Inpute, In-Contract and Guidewire.
• Good communicator, actively engage with and negotiate with other business stakeholders.
• Agility to adapt priorities to changes in the requirements of the business.
• Policy or reinsurance wording drafting experience is an advantage.

As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom.

What we offer:

At AXA UK, we’re appreciative of the people who work for us, and our rewards package is reviewed regularly to reflect that. You can expect to receive:

• Competitive annual salary
• Annual company & performance-based bonus
• Contributory pension scheme (up to 12% employer contributions)
• Life Assurance (up to 10 x annual salary)
• 25 days annual leave plus Bank Holidays
• Opportunity to buy up to 5 extra days leave or sell up to 5 days leave
• AXA employee discounts
• Gym benefits

To apply, click on the ‘apply for this job’ button, you’ll then need to log in or create a profile to submit your CV. We’re proud to be an Equal Opportunities Employer and don’t discriminate against employees or potential employees based on protected characteristics. If you have a long-term condition or disability and require adjustments during the application or interview process, we’re proud to offer access to the AXA Accessibility Concierge. For our support, please send an email to [e-mail].

#LI-Hybrid

Who we are:

AXA Commercial protects businesses, from multinationals to micro start-ups, giving them the confidence to thrive. We’re currently making our biggest ever investment to develop the expertise and skills we need to be the best. We’re a vibrant community where everyone is supported to learn, develop, and take ownership of their work.