At a Glance
- Tasks: Lead risk governance and oversee product approval processes in insurance.
- Company: Join AXA, a global leader in insurance and financial services.
- Benefits: Hybrid work model, flexible arrangements, and a supportive team environment.
- Other info: Equal opportunities employer with a commitment to accessibility.
- Why this job: Make a real impact on risk management and strategic decision-making.
- Qualifications: Experience in risk pricing, excellent stakeholder management, and analytical skills.
The predicted salary is between 60000 - 75000 £ 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 UK Support Functions look after our three customer-facing business units, providing the infrastructure and expertise to make sure we can be there for our customers.
Job overview: We're seeking a proactive insurance risk professional to join AXA UK's Risk team. You'll oversee the Product Approval process, provide independent risk reviews, and support strategic projects with expert opinions on pricing and claims risks. You'll also help maintain and review underwriting policies and ensure the Risk Management Framework aligns with risk appetites. Your role will lead effective risk governance and enable informed decision-making across the business.
Key responsibilities:
- Manage and monitor the Product Approval Process, providing second-line opinions and coordinating with Risk and Compliance.
- Conduct independent risk reviews of pricing, claims, and portfolio management to support strategic challenge.
- Support senior leaders in reviewing key projects and providing formal risk opinions on pricing and claims.
- Contribute to risk considerations in strategic planning, ensuring activities align with business goals.
- Develop and maintain underwriting and reinsurance policies.
- Coordinate the implementation of the Risk Management Framework, monitor risk adherence, and assist in action plans to stay within risk appetite.
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. We're also happy to consider flexible working arrangements, which you can discuss with Talent Acquisition.
Your skills & experience:
- Expertise as a Risk Pricing Specialist, ideally within the UK Health insurance market.
- Excellent stakeholder management skills to manage key relationships and influence decisions.
- Brilliant interaction skills with Executives, Senior Management and regulators.
- Substantial product and industry knowledge and understanding of regulatory framework.
- Business acumen and self-motivation.
- Proven ability to work under time pressure.
- Analytical problem-solving skills.
As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom. We're proud to be an Equal Opportunities Employer and don't discriminate against employees or potential employees based on protected characteristics. If you have a long-term condition or disability and require adjustments during the application or interview process, we're proud to offer access to the AXA Accessibility Concierge.
Insurance Risk Lead: Pricing & Governance (Hybrid) employer: AXA Group
AXA is an exceptional employer, offering a dynamic work culture that prioritises flexibility and employee well-being. With a strong commitment to professional development, employees have access to numerous growth opportunities within a global leader in insurance and financial services. The hybrid working model allows for a balanced approach to work, ensuring that team members can thrive both at home and in the office while contributing to meaningful projects that protect what matters most to our customers.
StudySmarter Expert Advice🤫
We think this is how you could land Insurance Risk Lead: Pricing & Governance (Hybrid)
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those at AXA. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by researching AXA's values and recent projects. Show us how your skills align with their goals, especially in risk management and pricing. We love candidates who are genuinely interested!
✨Tip Number 3
Practice your storytelling skills! Be ready to share specific examples of how you've tackled challenges in risk governance or pricing. We want to hear about your successes and how you can bring that to AXA.
✨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 serious about joining the AXA team.
We think you need these skills to ace Insurance Risk Lead: Pricing & Governance (Hybrid)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Insurance Risk Lead. Highlight your experience in risk pricing and governance, and don’t forget to mention any relevant projects you've worked on that align with AXA's goals.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about insurance risk and how your skills can help AXA navigate uncertainties. Keep it concise but impactful!
Showcase Your Stakeholder Management Skills:Since this role involves managing key relationships, be sure to include examples of how you've successfully influenced decisions in previous roles. We want to see your interaction skills in action!
Apply Through Our Website:We encourage you to apply directly through our website for a smoother application process. It’s the best way for us to receive your application and get you started on your journey with AXA!
How to prepare for a job interview at AXA Group
✨Know Your Risk Fundamentals
Make sure you brush up on your knowledge of risk pricing and governance, especially within the UK health insurance market. Be prepared to discuss how you would manage the Product Approval process and provide independent risk reviews.
✨Showcase Your Stakeholder Skills
Since this role involves excellent stakeholder management, think of examples where you've successfully influenced decisions or managed key relationships. Be ready to share these stories during your interview to demonstrate your interaction skills with Executives and Senior Management.
✨Understand the Regulatory Landscape
Familiarise yourself with the regulatory framework relevant to AXA and the insurance industry. This will not only help you answer questions confidently but also show that you’re proactive and knowledgeable about the environment in which the company operates.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your analytical problem-solving skills. Think through potential challenges you might face in the role and how you would approach them, particularly in relation to pricing and claims risks.
