Actuary, Reinsurance Pricing

London UK

We are looking for a motivated and capable Actuary to join the Reinsurance Pricing & Analytics team at AXA XL.  In this role you will provide support to the Head of Casualty and Marine Pricing in all aspects of the pricing of AXA XL Re's Casualty business written from London, Zurich, Singapore and the Middle East. You will work closely with underwriters and have exposure to executive management from the very start. There will also be opportunities to participate in cross-region and cross-product projects at a Reinsurance segment level.

The ideal candidate will have a well-rounded mix of technical abilities, interpersonal skills, and commercial awareness, allowing them to not just price complex reinsurance contracts, but also to build relationships, deliver projects, and communicate insights that will help shape the portfolio and influence our strategic direction.

What will your essential responsibilities include?

• Provide pricing support to the underwriting team, conduct deal pricing/reviews and contribute during underwriting committees.
• Working with underwriters and other actuaries to refine pricing assumptions and techniques in advance of renewal periods.
• Contribution to underwriting committees to validate and justify assumptions and underwriting decisions
• Enhance AXA XL's technical pricing and portfolio management capabilities by taking part in projects such as:
  • Driving development of pricing methodologies (aligned to global strategies and standards) including algorithms, parameters/assumptions, impact analysis, and advanced pricing techniques,
  • Developing, testing, maintenance and calibration of pricing tools including using Excel and Python. Maintain required technical pricing documentation and enforce pricing model governance.
  • Work with other members of the Pricing & Analytics team to ensure consistency of approach across the region.
• Utilise analytics/MI to drive superior business performance and provide decision making guidance throughout the underwriting process. Gather underwriting data and analytics needs and work with underwriters to improve pricing reliability and process efficiency.
• Evaluate profitability of key businesses in support of portfolio management and monitoring, strategy development, business planning, and to address concerns raised by management.
• Train underwriters and junior actuaries in pricing approaches. Ensure compliance with global pricing guidelines and drive appropriate consistency.
• Contributing to other ad-hoc work assigned to the actuarial team.

You will report to a Senior Actuary within the team.

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

Required Skills and Abilities:

• Qualified actuary - FIA, FCAS, FIAA, FSAI.
• Relevant experience within the non-life insurance Industry. Reinsurance and/or insurance backgrounds are welcomed. Pricing experience is useful, but candidates with experience of reserving or capital modelling will also be considered.
• Ability to acquire technical knowledge and adapt to new environments quickly.
• Excellent communication skills both verbal and written to build effective working relationships within and beyond the Pricing & Analytics function on all levels:
• Explain and translate actuarial concepts and outputs to stakeholders.
• Communicate difficult messages in a constructive manner.
• Able to work with pricing and underwriting teams across geographies.
• Ability to organize and influence a group of colleagues to achieve results, and to adapt communication approaches to varying situations.
• Ability to identify business needs and be creative to invent, design and build solutions accordingly
• Expert proficiency in Excel and other MS Office applications.
• High attention to detail, and hence rigorous and accurate work.
• Desire to continuously learn and improve over time.
• An openness to challenge (both ways), and the ability to help a group to reach a consensus.

Desired Skills and Abilities:

• Demonstrable aptitude and appetite for  solving new and sometimes unexpected problems.
• A proven eye for making things simpler, quicker, and more efficient where possible.
• Scope to quickly attain expert technical and industry knowledge in various key areas, and ability to draw on this to suggest enhancements to pricing approaches.
• Proficiency in coding languages such as R or Python
• Experience of manipulating large datasets in a coding language.

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 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   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 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

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