At a Glance
- Tasks: Analyse data and support the Commercial Motor insurance line with actuarial insights.
- Company: Join AXA, a global leader in insurance and financial services.
- Benefits: Flexible work arrangements, competitive salary, and professional development opportunities.
- Other info: Collaborative environment with excellent career growth potential.
- Why this job: Make a real impact in the insurance industry while developing your analytical skills.
- Qualifications: Strong numerical skills and progress in actuarial exams required.
The predicted salary is between 35000 - 45000 € per year.
About AXA
AXA is a global leader in insurance and financial services, dedicated to helping customers protect what matters most to them. As the sixth‑largest insurance company in the world, we provide a wide range of services, including health, car, home, and business insurance. We support millions of customers worldwide, helping them navigate life's uncertainties with confidence. AXA Commercial protects businesses, from multinationals to micro start‑ups, giving them the confidence to thrive.
Job overview
We are excited to offer a full‑time opportunity for an Actuarial Analyst to join our highly respected Actuarial team at AXA UK. In this role, you will play a key part in supporting the technical aspects of the Commercial Motor insurance line, focusing on reserving, capital modelling, and performance monitoring related to insurance risk. As an integral member of the team, you will have the chance to collaborate with a diverse range of business areas, including Pricing, Claims & Underwriting, Capital Modelling, Risk Management, and Business Finance. This exposure will enable you to develop a comprehensive understanding of the insurance landscape and build valuable cross‑functional relationships.
Key responsibilities
- Prepare, validate, and reconcile exposure and claims data to ensure accuracy for analysis and modelling purposes.
- Analyse data to identify trends and patterns that can influence strategic decision‑making for the business line.
- Support the evaluation of claims reserves for the Commercial Motor segment through detailed actuarial analysis.
- Automate routine monitoring processes to focus on high‑value investigations, new methodologies, and assumption adjustments.
- Assess how claims, pricing, underwriting, and market trends within AXA and the wider UK insurance sector impact performance and claims development.
- Use your analytical skills to propose insights and strategies that enhance the growth and efficiency of the Commercial Motor business.
- Contribute to the estimation of capital requirements related to claims risks, supporting the internal capital model.
- Take responsibility for delivering work to a high standard and foster strong relationships with internal teams and external partners.
Work arrangements
At AXA we work smart, empowering our people to balance their time between home and the office in a way that works best for them, their team and our customers. You’ll work at least two days a week (40%) away from home, moving to three days a week (60%) in the future. Away from home means attending the office, visiting clients or attending industry events.
Your skills & experience
- Strong numerical and mathematical abilities, with a minimum of a 2.1 degree or higher in mathematics, statistics, physics, or a related numerate discipline.
- Progressing well through the Core Technical actuarial exams, if pursuing an actuarial qualification.
- Previous experience in general insurance actuarial work is essential.
- Familiar with modelling techniques and analytical tools such as R, Python, SAS, SQL, VBA, or similar, to support analysis and decision‑making.
- Proven problem‑solving skills and a proactive approach to tackling complex challenges.
- Effective communicator, capable of building networks within AXA and explaining actuarial concepts to non‑specialists.
- Demonstrates a strong desire to learn, develop new skills, and grow professionally.
- Skilled in planning, prioritising tasks, and paying close attention to detail to ensure quality work.
As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom. This position has been defined as an Insurance Distribution Directive (IDD) role under the IDD regime which means that in addition to pre‑employment screening checks, the successful candidate will be subject to background screening every 4 years with an annual declaration in interim years. We’re proud to be an Equal Opportunities Employer and don’t discriminate against employees or potential employees based on protected characteristics.
Commercial Motor Actuarial Analyst employer: AXA Group
AXA is an exceptional employer, offering a dynamic work culture that prioritises employee well-being and professional growth. With flexible working arrangements and a commitment to diversity, employees are empowered to thrive in their roles while collaborating across various business areas. The opportunity to engage with a global leader in insurance not only enhances your career prospects but also allows you to contribute meaningfully to the protection of what matters most to our customers.
StudySmarter Expert Advice🤫
We think this is how you could land Commercial Motor Actuarial Analyst
✨Tip Number 1
Network like a pro! Reach out to current or former AXA employees on LinkedIn. A friendly chat can give us insider info about the company culture and maybe even a referral!
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills. Make sure you can confidently discuss actuarial concepts and how they apply to the Commercial Motor insurance line. We want to see your analytical prowess in action!
✨Tip Number 3
Show off your problem-solving skills! Be ready to tackle hypothetical scenarios during interviews. Think through your approach and explain your reasoning clearly – we love seeing that analytical mindset!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining AXA and being part of our team.
We think you need these skills to ace Commercial Motor Actuarial Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Commercial Motor Actuarial Analyst role. Highlight your numerical abilities and any relevant actuarial work you've done, as this will catch our eye!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're excited about the role at AXA and how your background makes you a great fit. Don’t forget to mention your passion for learning and developing new skills.
Showcase Your Analytical Skills:In your application, be sure to highlight your experience with analytical tools like R, Python, or SQL. We love seeing how candidates have used these skills to solve problems or improve processes in previous roles.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team at AXA!
How to prepare for a job interview at AXA Group
✨Know Your Numbers
As a Commercial Motor Actuarial Analyst, you'll be dealing with a lot of data. Brush up on your numerical and mathematical skills before the interview. Be ready to discuss how you've used these skills in previous roles or projects, especially in relation to claims data analysis and modelling.
✨Familiarise Yourself with Tools
Make sure you're comfortable with analytical tools like R, Python, or SQL. During the interview, you might be asked about your experience with these tools, so have specific examples ready. If you’ve automated processes or improved efficiency using these tools, share those stories!
✨Understand the Insurance Landscape
AXA is a leader in the insurance sector, so it’s crucial to understand current trends in the industry. Research recent developments in commercial motor insurance and be prepared to discuss how these trends could impact AXA's performance and claims development.
✨Communicate Clearly
You’ll need to explain complex actuarial concepts to non-specialists, so practice articulating your thoughts clearly. Use simple language to describe your past experiences and how they relate to the role. This will show that you can bridge the gap between technical and non-technical teams.
