Actuary, Reinsurance Specialist
4 weeks ago
Reserving Actuary - Reinsurance
AXA XL is seeking an experienced Reserving Actuary to join our Reinsurance team in the UK. As a key member of our team, you will be responsible for developing and implementing reserving strategies to ensure accurate and timely reserve estimates.
Key Responsibilities:
- 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
- Ensure 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
- Support 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
- Build effective relationships with key stakeholders/business partners in pricing, finance and capital actuaries
- Support strategic actuarial initiatives by providing in-depth timely, insightful, relevant, and reliable business intelligence
- Work directly with actuarial corporate and financial reporting teams around the globe
- Stay abreast of current trends and changes in the functional areas that may impact the actuarial analysis
Requirements:
- 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
About AXA XL:
AXA XL is the P&C and specialty risk division of AXA, known for solving complex risks. We combine 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.
Join AXA XL:
We're looking for talented individuals who share our passion for innovation and excellence. If you're a motivated and experienced actuary looking for a new challenge, we encourage you to apply for this exciting opportunity.
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