AXA XL
Senior Pricing Actuary
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Pricing Actuary
London, United Kingdom
We are looking for a talented and motivated professional to join the Reinsurance Pricing & Analytics team at AXA XL. In this role you will provide support to the Head of Casualty Pricing International Reinsurance in all aspects of pricing primarily focusing on the US Casualty portfolio. You will work closely with underwriters and have exposure to 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 International Re region of AXA XL writes approximately $1.5bn of annual gross written premium and provides significant career development opportunities for the right candidate over the longer term. Our region encompasses reinsurance markets across Europe, Middle East, Africa and Asia. The Pricing & Analytics team partners directly with underwriting and executive management as we look to develop and deliver our strategic objectives.
What You’ll Be Doing
What will your essential responsibilities include?
- Lead pricing support to the US Casualty underwriting team, conduct deal pricing/reviews and contribute during underwriting committees.
- Manage a team of junior actuaries
- Driving development of pricing methodologies (aligned to global strategies and standards) including parameters/assumptions, impact analysis, and advanced pricing techniques.
- Lead efforts in development, testing and calibration of pricing tools. 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 product and region (US counterparts and colleagues in Europe).
- 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 in pricing across International Re.
- Provide input into the quarterly reserving process and annual capital model parameterisation where appropriate.
You will report to the Head of Casualty Pricing International Reinsurance.
What You Will Bring
Required Skills And Abilities
- Qualified actuary - FIA, FCAS, FIAA, FSAI with post-qualification experience
- Relevant experience within the non-life insurance Industry. Reinsurance and/or commercial insurance backgrounds are welcomed. Pricing experience is essential.
- Strong ability to acquire technical knowledge and adapt to new environments quickly.
- Excellent communication skills to build effective working relationships within and beyond the Pricing & Analytics function.
- Explain and translate actuarial concepts and outputs to stakeholders.
- Communicate difficult messages in a constructive manner.
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Desired Skills And Abilities
- Able to work with pricing and underwriting teams across geographies.
- Ability to work under pressure and to manage multiple tasks and projects whilst being adaptive to changing business priorities.
- People management experience non-essential but candidate should demonstrate potential to manage and work with a diverse team from different backgrounds and cultures.
- Ability to identify business needs and be creative to invent, design and build solutions accordingly
- Experience working in the Casualty line of business
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 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
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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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