Reserving Actuary, Corporate Actuarial

The successful candidate will be a key member of the actuarial reserving function and will report directly to the Head of Management Reporting Corporate Actuarial.

As a Reserving Actuary, you will play a key role in our team, contributing to the strategic decision-making process and ensuring the financial stability and solvency of our organisation. You will contribute to provide clear, concise, and insightful reporting to management, enabling them to make informed decisions that drive our organisation forward. You will be responsible for leading transversal projects and providing expert actuarial analysis, to support corporate decision-making and regulatory compliance.

What will your essential responsibilities include?

• Review, challenge, consolidate and govern IFRS4 and IFRS17 reserves results during valuation, booking, Forecast and planning exercises for the AXA XL division, ensuring accuracy and reliability.
• Contribute to the preparation supporting documents to present to the top management of AXA XL, influencing strategic decision-making, including:
  • MRCR (Management Review Committee on Reserves) for valuations and bookings, including minutes of those committees
  • Financial clearance with AXA Group (actuarial section)
  • Flash presentation to AXA Group Actuarial function, in collaboration with AXA XL Risk Management team
  • Planning presentations: base loss ratio and budget loss ratio
  • Board/audit committee presentation
  • Presentation on reserves for Bermudian regulator
  • Presentation on reserves for rating agencies
• Performing actuarial analytics at the insurance segment and AXA XL division level to provide insights into emerging trends and to assist with reserve recommendations.
• Contribute to the development of the AXA XL business plan each year, including reporting to the AXA XL Division and AXA Group management.
• Evaluate the ongoing profitability of key businesses to support portfolio management and strategy.
• Collaborate with cross-functional teams to provide actuarial insights and recommendations.
• Perform regular follow up of diagnostics that helps identifying early trends. This includes a monthly monitoring of the earned rate change evolution's. In collaboration with the rest of AFR team
• Lead projects in the team, analysing project requirements, deliver projects/initiatives with very high quality.
• Oversee and guide junior team members on various projects, providing technical and strategic support to ensure project success. Contribute to their professional development, offering training, coaching, and mentorship to help them grow in their roles and advance their careers within the organization
• Research/Learn about new Reserve/Reserve Risk/claims analytics methodologies and develop new & creative solutions to actuarial issues.

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

Required Skills and Abilities:

• Qualified actuary by a recognised actuarial association with significant amount of experience and a robust background in reserving
• Robust analytical and problem-solving skills with the ability to interpret and present complex data.
• Ability to multi-task and work effectively in a fast-paced team environment.
• Excellent written & verbal skills, including presentation skills.
• Effective project management and leadership capabilities.
• Outstanding computer application skills, specifically Excel and PowerPoint.

Desired Skills and Abilities:

• Keen attention to detail to ensure full consistency of results within various presentations.
• Working knowledge of actuarial reserving software such as ResQ and or other programming languages (e.g. SQL) and visualisation tools (e.g. PowerBI).

In addition to the skills and abilities listed, we are looking for candidates who are:

• Adaptable and keen to learn.
• Motivated to build robust relationships and networks.
• A team player.

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   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