Actuarial Risk Specialist

This position is part of the AXA XL Risk Management team which is organised in several Centers of Excellence (Actuarial Risk, Underwriting Risk, Risk Governance and Control, Financial and Market Risk and Catastrophe Risk). This role sits within the Portfolio Governance team within Actuarial Risk.

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 role supports the Head of Portfolio Governance in consolidating and monitoring the full range of quantitative risks across AXA XL and ensuring these are sufficiently controlled and communicated. There is also a focus on Internal Capital Model use.

This role would suit someone with a keen interest to use actuarial analysis to support key business decisions and have exposure to senior management and the business. A successful candidate would have a proven track record in using quantitative analysis to assess risk, good verbal and written communication skills and the ability to work independently and in a team

What you’ll be doing

What will your essential responsibilities include?

• Perform the initial calculations and analysis of Economic Combined Ratios, Target Loss Ratios and related metrics that assess business performance on a risk-adjusted basis. Support the communication of their results to underwriting teams and respond to queries as required

Perform initial calculations and analysis on the Cost of Capital bridge, to understand annual movements and changes

Sourcing and consolidation of risk information for Divisional ORSA and support in drafting and proofreading the relevant documentation and presentations

Perform ongoing monitoring of the Risk Appetite Framework at AXA XL, including liaison with Group Risk Management and engagement with other departments to source exposures on an ongoing basis. This includes supporting the onward reporting to Risk Committees and the Board.

Support the annual update of the Risk Appetite Framework, including liaising with key stakeholders such that deliverables meet the required timeline

Support the annual Model Use-Test assessment for the Internal Model via collation of information and evidence

Support for the Head of Portfolio Governance and developing and maintaining such other Risk Management metrics and processes as may be required to ensure the ongoing stability of AXA XL

Support the Head of Actuarial Risk with additional analysis and information collation on an ad-hoc basis.

You will report to the Head of Portfolio Governance.

What you’ll bring

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

• Track record in using quantitative analysis to assess risk

Experience of actuarial analysis within general insurance

Experience with Remetrica (capital modelling software) is desirable

Highly numerate and analytical with great attention to detail

Good written and verbal communication skills

Proven capability using Microsoft Office products including Excel, Word and PowerPoint

Ability to perform initial analysis independently, before peer review

A self starter, with a growth mindset and willingness to work on analysis outside their primary field.

Support for IFoA (or equivelant) actuarial exams is available for this role.

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.

• 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

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