Analyst, Reinsurance

Analyst, Reinsurance

Gurgaon, Haryana, India

We invent the new to help the world move forward. Combining powerful analytics and deeper insights with bigger ideas and innovative solutions, we free up our clients potential, thereby fulfilling our own. Take it seriously. Make it fun. Know it matters. Reinsurance Claims process involves team to deal with various requests reported on claims as well as analyzing and commenting on various reports provided by the broker or Cedent. The role will have an opportunity to work as a claim assistant and work closely with claim examiners and build an understanding of how Reinsurance claims process works. Role involves gaining an understanding of reinsurance contract wordings and coverages and how the risks are set-up in the system. The role would provide an opportunity to get hands-on experience of handling bookings of premiums, losses and reserves for various types of reinsurance contracts and an opportunity to connect with brokers and cedents in getting the queries resolved. The claims team is responsible for handling the claim status updates, handling pre-payment validation and making disbursement to the end customers, i.e. cedents or brokers. It is expected that the person working in the team be responsible to resolve any issues that may arise while processing the claims; they have the responsibility to ensure that the information entered into the sub-system are correct and report any issue timely while doing so. They also need to ensure that the proper backups and calculations are available for auditors as and when required.

What you’ll be DOING

What will your essential responsibilities include?

• Work on Assumed Reinsurance Claims process as a Claims Assistant.
• Should be a subject matter expert on Reinsurance various lines of businesses which may include - Workers’ comp/EL, General Liability, Prof Liability, Professional Indemnity/E&O, D&O Liability, Auto/Motor Liability & Property etc.
• Assist Account Managers on further decisions regarding Claims settlement/closure or reserves.
• Summarize detailed Claim’s documents received from the Broker/ceding companies and update AXA XL Claims systems.
• Claim & Premium Bordereaux processing and facilitate payments through designated Banks.
• Ensure quick response to any queries from the Claims Mangers or Brokers/Cedents.
• Accountable for the complete Claim life cycle from setting up a new Claim to its closure.
• Meet set processing SLA / targets.
• Ensure Claims are processed right first time.
• Ensure all the process documents are managed and updated real time.
• Support system testing and other ad-hoc projects.

You will report to Manager, Reinsurance.

What you will BRING

We’re looking for someone who has these abilities and skills:

Required Skills and Abilities:

• Graduate / Post Graduate with relevant years of experience within Reinsurance industry.
• Experience in MS-Excel and PowerPoint is required.
• Self-starter who is solution orientated and has the ability to work within a team environment.
• Resiliently develops, communicates and oversees the execution of solutions to resolve issues persistent within the portfolio.

Desired Skills and Abilities:

• Outstanding written and verbal communication and interpersonal skills to work effectively with internal clients and customers.
• Organized with the ability to sort multiple priorities, meet tight deadlines and detail orientated.
• Ability to use initiative in day to day activities to resolve issues or flag to management for review.

Who WE are

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

What we OFFER

Inclusion

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

Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.

Total Rewards

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.

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 2023-26 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 axaxl.com/sustainability.