Actuary, Reinsurance

3 weeks ago

London, United Kingdom AXA XL Full time
Actuary, Reinsurance

London | United Kingdom

At AXA XL, our Reserving Actuaries have the unique opportunity to interface globally with varied business teams including underwriting, claims, operations, reinsurance, and information technology. Using your focused technical knowledge, in direct coordination with our teams of experienced actuaries and underwriters, you will develop a robust understanding of the diverse markets served by the Reinsurance segment at AXA XL.

By digging deep into the business and providing forward-looking insights, you will have direct impact on strategic business initiatives. Using market leading analytical tools, you will ensure that approaches and trends in ratemaking, planning, and forecasting result in reserve adequacy across varied commercial lines of business. While each day and situation bring new challenges, our reserving actuaries effectively develop solutions to complex problems by taking ownership of the reserving process ensuring AXA XL can meet financial obligations.

Through your reserving initiatives in multiple growth segments, you will be task-focused on providing insightful business intelligence, providing oversight on global reserving initiatives to enable AXA XL to react more quickly to emerging trends within the market.

We are looking to recruit an actuary to join a team of experienced actuaries in UK, India, North America and Bermuda Reinsurance Reserving. The chosen candidate will also actively be involved in the Major Event reserving for the Reinsurance Business Group at AXA XL.

DISCOVER youropportunity

What will your essential responsibilities include?

  • Support the quarterly reserve analysis for North America and Bermuda Reinsurance regions including cooperation with internal stakeholders (Claims, Underwriting, Pricing and Finance)
  • Support the analysis needed for the reserve recommendations for major events (large loss and catastrophe events) for Reinsurance.
  • Assist with the reporting of analysis and results to the AXA XL Reinsurance MRCR, Major Event Response Committee, AXA Group, rating agencies and other internal/external parties.
  • Ensuring AXA XL actuarial reporting is compliant with the guidelines set by AXA Group and continuing to enhance reporting suite to meet internal and external requirements.
  • Assist with the reserving timelines and workflow across the department including working closely with the reserving teams in India, London and USA.
  • Support the Chief actuary with the annual business planning exercise for catastrophe losses, liaising with the cat modelling team and pricing team to validate the assumptions and provide recommendations.
  • Supporting special projects intended to contribute to the development of the Actuarial Financial Reporting team which would involve development of processes or exhibits or focused investigations regarding new methodologies or assumptions potentially impacting the reserving analysis for all lines.
  • Building effective relationships with key stakeholders / business partners in pricing, finance and capital actuaries.
  • Supporting strategic actuarial initiatives by providing in-depth timely, insightful, relevant, and reliable business intelligence.
  • Working directly with actuarial corporate and financial reporting teams around the globe.
  • Staying abreast of current trends and changes in the functional areas that may impact the actuarial analysis.


You will report to Head of North America and Bermuda Reinsurance Reserving.

SHARE your talent

SHARE your talent

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

  • Nearly qualified (1 or 2 exams left) or Fellow of the Institute and Faculty of Actuaries or equivalent.
  • Substantial reserving experience and a desire to work closely alongside other professions.
  • Bachelor's degree in actuarial science, Mathematics, Applied Math, Statistics, or related field
  • Excellent written and verbal communication skills, including the ability to communicate clearly and concisely with internal and external clients who have varying levels of actuarial knowledge.
  • Demonstrated time management skills, including the ability to handle multiple simultaneous tasks.
  • Excellent interpersonal skills, especially the ability to work well within our collaborative team environment.
  • Outstanding analytical and research skills with exposure to a variety of business productivity software.
  • Outstanding Excel and Microsoft Office skills for data extraction, manipulation, reporting, documentation, and presentations.
  • Exposure to VBA, SQL, or other business intelligence tools.
  • Exposure to reserving methods and tools to structure, access, and manage data sets for modelling and managing risk.
  • Preferred experience with ResQ, the industry-leading loss reserving system, or similar actuarial modelling software used for reserving, ratemaking, pricing, modelling, or data analysis.
  • Ability to hit the ground running yet comfortable asking questions to develop business knowledge and effective solutions.


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 robust 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, 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 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 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 Sustainability at AXA XL .

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