actuary, corporate actuarial

ACTUARY, CORPORATE ACTUARIAL (IFRS17 and corporate reserving activities)

Pari

The role is for a Corporate Actuary within the AXA XL Actuarial Corporate Reserving team.

The Corporate team is overlooking and consolidating AXA XL division reserves, for reporting into AXA Group and AXA XL division regulator in Bermuda. The team is located in several geographies: Paris, London, New Delhi.

AXA Group and consolidated accounts for Bermuda will be moving to IFRS17 in 2023. This role will be contributing to the calculation and reporting of AXA XL under IFRS17 new standard.

The candidate will also contribute to other transversal activities managed by the corporate actuarial team, for example coordination of external opinions done by AXA XL risk management and by auditors, actuarial function report.

DISCOVER your opportunity

What will your essential responsibilities include?

• Calibration of assumptions required for IFRS17 calculation and their justification (such as payout pattern, risk adjustment, yield curve, IFRS17 PAA eligibility). You will be liaising with other internal teams or with AXA Group to collect or compute those assumption

• Computation of IFRS17 specific adjustments as part of the booking, forecasting and budget exercises. Ensure end to end reconciliation of the process, and consistency of the results at all reporting grain

• Presentation of those results to actuarial, finance or Group teams. In this context, explanation of the variance as compared to previous exercises will be required with a breakdown of the main drivers of the change (economic changes or claims evolution)

• Contribute to the preparation of the Actuarial function report for AXA XL division that needs to be produced annually, including opinions on reserves, underwriting and reinsurance. This activity will be done in coordination with the Global Chief Actuary. It will require during the year to follow up reinsurance renewal process, follow up the evolution of the portfolio (evolution of exposure, change of strategy), follow up recommendations on reserves calculation and associated actions plan.

• Follow up and contribute to the action plan listed in the report, as well as action plans stemming from regulators review. This will include: assessment of the impact of new claims guidelines on reserving activities, opine on suitability of key assumptions and methods, identify key data quality issues and action plan to resolve them.

• Follow up internal and external opinions on AXA XL reserves: share data required for external parties to provide an external opinion on reserves, create reports highlighting main areas of differences between the opinions, share results within the team

SHARE your talent

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

• Actuarial Experience: 2-year experience in Reserving within non-life insurance industry (corporate and/or reinsurance business is a plus).

• Communication: Excellent verbal and written communication, collaboration and presentation skills especially as we liaise extensively with individuals across disciplines and around the world.

• Ability to write concise reports mixing both actuarial and business-oriented topics.

• Planning & Organization: ability to deliver results according to agreed deadline and suggest workaround solutions to overcome difficultie

FIND your future

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 strong 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

Corporate Responsibility

At AXA XL our approach to corporate responsibility (CR) is the same as our approach to business; constantly seeking to provide innovative solutions to the world's most complex problems. From offering our expertise, products and services to help build more resilient communities, to advancing understanding and response to climate change, our strategy - Our Impact. Our Future. - aligns key issues that are pertinent to our business - climate, water and financial resilience - and contributes to AXA Group's purpose to "Act for human progress by protecting what matters.".

Climate: We're reducing our carbon footprint, protecting ecosystems and exploring how our business can help build a better world.

Water: We're developing water resilience where it is - and will be - needed most.

Financial resilience: We're helping create opportunities for the unemployed and underemployed, so they can be better prepared for unexpected changes.

Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as our "Hearts in Action" programs.

For more information please see the Corporate Responsibility section on our website.

Inclusion & Diversity

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 a diverse workforce enable business growth and are critical to our success. That's why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, while creating an inclusive culture where everyone can bring their full selves to work and can 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

Would you like to wake up every day driven and inspired by our noble mission and to work together as one global team to empower people to live a better life? Here at AXA we strive to lead the transformation of our industry. We are looking for talented individuals who come from varied backgrounds, think differently and want to be part of this exciting transformation by challenging the status quo so we can push AXA - a leading global brand and one of the most innovative companies in our industry - onto even greater things.

In a fast-evolving world and with a presence in 64 countries, our 165,000 employees and exclusive distributors anticipate change to offer services and solutions tailored to the current and future needs of our 107 million customers.

At AXA XL our approach to corporate responsibility (CR) is the same as our approach to business; constantly seeking to provide innovative solutions to the world's most complex problems. From offering our expertise, products and services to help build more resilient communities, to advancing understanding and response to climate change, our strategy - Our Impact. Our Future. - aligns key issues that are pertinent to our business - climate, water and financial resilience - and contributes to AXA Group's purpose to "Act for human progress by protecting what matters.".

• Climate: We're reducing our carbon footprint, protecting ecosystems and exploring how our business can help build a better world.
• Water: We're developing water resilience where it is - and will be - needed most.
• Financial resilience: We're helping create opportunities for the unemployed and underemployed, so they can be better prepared for unexpected changes.
• Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as our "Hearts in Action" programs.

For more information please see the Corporate Responsibility section on our website.

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