• Global Collateral Administrator

    Axis (Alfred, NY)


    This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

     

    At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

     

    All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.

     

    Job Description: Global Collateral Administrator

     

    Reinsurance Technical Accounting

     

    How does this role contribute to our collective success?

     

    AXIS has approximately 250 individual collateral accounts across various types of collateral such as Letters of Credit (LOC) and Convention de Gage (CdG) providing over USD $600M in collateral for our clients. This role will be responsible for the timely creation, maintenance and reductions of the collateral accounts. The importance of this role to the company is to reduce the instances where collateral accounts are maintained at unnecessary levels with the associated costs this brings to the company.

     

    What will you do in this role?

     

    + Develop and maintain strong relationships with all external stakeholders in the creation and maintenance of collateral, brokers, cedants, bank etc.

    + Develop and maintain a comprehensive understanding of the organization's collateral requirements.

    + Coordinate with cross-functional teams to gather necessary information and assets for collateral creation and maintenance.

    + Collaborate with stakeholders to update and refresh existing collateral, keeping it current and relevant.

    + Manage the collateral repository, organizing files systematically for easy retrieval and version control.

    + Conduct regular reconciliations to ensure that collateral requirements and collateral posted are in line.

    + You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role as well as other Cash related activities such as AR & Unallocated Cash work.

    About You:

    We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.

    What you need to have:

    + 5+ years plus reinsurance experience preferred.

    + Can speak Fluent French.

    + In depth knowledge of Reinsurance Accounting with significant experience in a Technical Accounting and/or Claims role.

    + Experience in collateral creation and maintenance.

    + An understanding of the key components of collateral requirements.

    + AR & Unallocated Cash experience.

    What we prefer you to have:

    + Excellent communication and collaboration skills to work effectively with diverse teams.

    + Ability to build and maintain relationships both internally and with third party counterparts.

    + Detail-oriented with a keen eye for timeliness, precision, and responsiveness.

    + Strong organizational skills with the ability to prioritize and manage multiple tasks simultaneously.

    + Ability to adapt to a fast-paced and dynamic work environment.

    Role Factors:

    Be in the office 3 days per week.

    What we offer:

    You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more.

     

    Role can be in London, Zurich or Belgium.