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Senior Capital Actuary (Division)
AXA XL is an Equal Opportunity Employer.
London, UK
AXA XL is the Property & Casualty risk division of AXA, created from the acquisition of XL Catlin in 2018. We partner with mid-sized to multinational clients to take their business further, with more than 30 lines of business to offer solutions for existing and emerging risks. With 9,000+ colleagues based in approximately 30 countries we are able to serve clients in more than 200 countries.
This position is part of the AXA XL Risk Management team which is organized in several Centers of Excellence (Actuarial Risk, Underwriting Risk, Risk Governance and Control, Financial and Catastrophe Risk). This role is part of the Capital Modelling team of the Actuarial Risk Center of Excellence.
The Risk Management team is a strategic department within AXA XL dealing with the most difficult P&C challenges and influencing strategic decisions in operations of a leading international Commercial Lines and Reinsurance company.
This is a leadership role within the Divisional Capital Modelling team, combining deep technical expertise, people management and stakeholder engagement. The key purpose of this role is the development, governance and implementation of AXA XL's internal capital model, helping shape the future direction of capital modelling across the Division.
What you’ll be doing
What will your essential responsibilities include?
Core Responsibilities:
- Partner with the Head of Capital Modelling – Division in the development, maintenance and operation of our internal capital model. This includes overseeing the second line review of parameterisation processes, validation of model outputs, optimisation of model code and documentation, production and presentation of standard formula calculations (Solvency II and BSCR) results, and providing expert oversight of correlation modelling and other areas of expert judgement.
- Working closely with stakeholders across AXA XL and AXA Group, review and challenge model inputs, assumptions, methodologies and outputs, while ensuring the delivery of robust capital modelling outputs.
Continuous Improvement:
- Drive continuous improvement of our modelling approaches, processes, and technology implementation, identifying opportunities to improve efficiency, automation, analytical capability and model insight while fostering a culture of innovation and operational excellence.
People Management:
- Lead, develop and manage a team of three capital modellers, fostering a high-performing and collaborative team culture while supporting their technical growth, career development and long-term success within AXA XL.
- Provide technical leadership, coaching, challenge and constructive feedback, while ensuring the accuracy, reliability and regulatory compliance of capital modelling deliverables from the team.
Ceded Reinsurance:
- Lead the continued development of ceded reinsurance modelling within the internal capital model, enhancing the representation of complex reinsurance structures, improving insight into the capital impacts of reinsurance programmes, and supporting the development of capital modelling reporting on ceded reinsurance.
- Liaise with our ceded reinsurance team on the interpretation of contract terms and capital modelling outputs.
Model Use:
- Develop and enhance the internal capital model outputs provided to key stakeholders, ensuring they are fit for purpose and meet business requirements.
- Deliver capital modelling analyses to support actuarial investigations, risk second opinions and strategic initiatives, and lead ad hoc assessments of the Division's capital and risk profile to provide timely insight on emerging issues and business developments.
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Stakeholder Engagement:
- Build strong relationships across AXA XL, coordinating data sourcing, timelines and priorities across multiple stakeholders, while supporting the operation of the internal model governance framework and associated committee processes.
Validation:
- Lead engagement with internal and external validation functions, representing the Capital Modelling team in discussions on methodologies, assumptions, processes and results.
- Drive the successful resolution of validation findings through effective challenge, stakeholder engagement and delivery of remediation plans.
You will report to Head of Capital Modelling – Division.
What you’ll bring
We’re looking for someone who has these abilities and skills:
Required Skills And Abilities
- Demonstrable track record in capital modelling or other simulation-based modelling role.
- Excellent Microsoft Office including Excel skills.
- Demonstrates a Growth Mindset by embracing continuous learning, seeking feedback, and proactively developing skills to adapt to evolving industry challenges and opportunities.
- Committed to Performance Excellence by setting high standards, striving for continuous improvement, and delivering high-quality results consistently.
- Exhibits Strong Cross-Functional Collaboration skills, effectively partnering across teams, functions, and geographies to achieve shared objectives and foster a cohesive work environment.
- Builds Resilience by maintaining focus and effectiveness under pressure, adapting to setbacks, and remaining positive and solution-oriented in difficult situations.
- Communicates Effectively by conveying complex ideas clearly and persuasively to diverse audiences, including senior leadership, stakeholders, and technical teams.
- Demonstrates Agility by quickly adjusting priorities and strategies in response to changing business needs, industry developments, and regulatory landscapes.
- Exhibits strong leadership qualities, including influencing, negotiating, and inspiring teams to achieve strategic objectives.
- Possesses an Analytical and Strategic Mindset, with the ability to interpret data, identify trends, and develop long-term strategies aligned with organizational goals.
- Demonstrates a strong commitment to understanding and prioritizing the needs of internal and external stakeholders, ensuring that risk management strategies and communication are aligned with delivering value and fostering trust.
Desired Skills And Abilities
- Coding skills, e.g. VBA, R, Python and/or SQL beneficial.
- Competent ReMetrica user.
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.
Get help with your application
Your very own career expert that helps elevate your application to the next level.
- 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.
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.
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