Senior Life

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One of the world's leading insurers in the protection of property, people and assets, AXA is 145,000 employees and contributors who are committed to our customers on a daily basis, 51 countries in which we distribute our products and services and more than 90 million customers who place their trust in us worldwide.  As a responsible corporate citizen, AXA is committed to social and environmental causes on a daily basis. We are committed to an inclusive policy that recognizes and values individual differences. Do these ambitions speak to you? Then come and change the world with us

The headquarters of the AXA Group (GIE AXA) brings together our corporate activities. It provides guidance and support to subsidiaries around the world, to ensure the coordination and monitoring of the Group's global strategy, the application of its standards, the consistency of commercial approaches and the sharing of best practices. The headquarters gathers approximately 1000 employees and is distinguished by its strong international culture (45 nationalities), which makes it a rich and stimulating place to work.

Within the Group Finance direction, you will join the Group Performance Management (GPM) department. GPM gathers the Group Controlling team as well as the Group Actuarial team.

Within this Department, you will be part of the Group Life & Health Actuarial team which missions are the following, on the Life & Health businesses:

Support the Group and its entities in setting, monitoring, and delivering ambitious financial performance to be achieved through sustainable levers and adequate actuarial practices.
Fullfill the regulatory role of the Actuarial Function, i.e., to provide an opinion on reserving, underwriting and reinsurance.

The Senior L&H Actuary contributes to above missions and participates in building a transversal view on actuarial topics for a given geography, while facilitating the relationship/exchanges with entities and the other Group teams.

Key accountabilities include:

1. Performance

• Work with the Controlling team on the forecasting financial processes (strategic plan/budget/monthly business reviews) to (i) set/track the ambitions, (ii) understand the underlying business growth and profitability in IFRS17/Solvency 2 (e.g., CSM, new business CSM, Earnings, Return on Equity), and (iii) define the required actions/steer the business (e.g., repricing, business mix change, credited rate management, reinsurance).
• To do so, the Group L&H Actuarial team is notably in charge of:
  • (i) Defining methodology/profitability metrics, (ii) gathering figures from entities (notably through an annual database with volume/ profitability/ capital consumptions metrics at product level) and (iii) analyzing business profitability and its evolution.
  • Developing tools to detect deviations in Actual to Expected which can affect reserves and earnings, and proposing remediation actions considering IFRS17/Solvency 2 impacts.
  • Producing the IFRS17 CSM, CSM release, NB CSM analyses.
• Perform specific deep-dive analyses for the top management (e.g., analysis of product profitability, definition/evolution of technical performance indicators, etc).

2. Regulatory role

• Provide an opinion (i) on the overall underwriting policy, (ii) on the adequacy of reinsurance arrangements, and (iii) coordinate the calculation of technical provisions, ensure the appropriateness of underlying models and methodologies, assess sufficiency and quality of data, compare Best Estimates against experience.
• To do so, the Group L&H Actuarial team:
  • Coordinates the process gathering entities' 1st and 2nd opinions on reserves.
  • Contributes to the "Peer Reviews", based on the mandate from the top management to review the most material/sensitive Best Estimate Assumptions in both S2 and IFRS17 for 2 to 3 local entities per year.
  • Provides its opinion to the Board through (i) the annual Group Actuarial Report, and (ii) 2 opinions on reserves/assumptions.
  • Contributes to the continuous improvement of the Best Estimate Assumptions setting framework (e.g., monitoring of A/Es and identification of deviations, process and methodologies for BEA change, anticipation of S2 and IFRS17 impacts).

3. Actuarial community

• Participate actively to the community of Chief Actuaries.
• Boost collaborative model across Actuarial and Financial families.
• Foster innovation and continue to build strong partnerships with Academics and AXA Research Fund.
• Contribute to Institutes of Actuaries events

• Strong technical skills (actuarial modeling, coding, data) with business acumen, and ability to work in a collaborative/project mode to deliver a concrete business output.
• Ability to effectively convey complex issues to a diverse range of stakeholders into clear and easy-to-understand oral or written presentations in English.
• Background : Actuary, Financial Engineer, Data Scientist, PhD – with 7-10 years' experience minimum.
• English professional proficiency.
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You will join:

• A responsible company, towards people, including its employees and customers, and towards the planet 
• A company with strong values
• A company promoting internal mobility and the training of its employees
• A company offering many benefits (learn more here: Reward & Benefits | AXA Group)
• A flexible company, allowing hybrid work, in the office and from home.

In line with our commitments, we celebrate each new hire by taking action for global reforestation: we plant a tree for every recruitment. So, are you ready to apply?