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- Tasks: Join our team as a Reserving Actuary and influence strategic decisions with your analytical skills.
- Company: AXA XL, a leader in innovative risk solutions and inclusive culture.
- Benefits: Competitive pay, flexible working, family-friendly leave, and a commitment to diversity.
- Why this job: Make a real impact on financial stability while developing your actuarial expertise.
- Qualifications: Qualified actuary with strong analytical skills and experience in reserving.
- Other info: Dynamic environment with opportunities for mentorship and career growth.
The predicted salary is between 36000 - 60000 £ per year.
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 you’ll be doing
- 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.
What you’ll bring
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.
What we offer
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 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.
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.
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.
Who we are
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.
Reserving Actuary, AFR in London employer: AXA Group
Contact Detail:
AXA Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reserving Actuary, AFR in London
✨Tip Number 1
Network like a pro! Reach out to current employees at AXA XL on LinkedIn or through industry events. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills and understanding the latest trends in reserving. Be ready to discuss how your experience aligns with the role and how you can contribute to the team’s success.
✨Tip Number 3
Showcase your analytical prowess during interviews. Bring examples of past projects where you’ve used data to influence decisions. This will demonstrate your ability to provide valuable insights, just like the role requires.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining AXA XL.
We think you need these skills to ace Reserving Actuary, AFR in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Reserving Actuary role. Highlight your relevant experience in actuarial reserving and any specific projects that align with what we do at AXA XL.
Showcase Your Analytical Skills: We love a good number cruncher! Use your application to demonstrate your robust analytical and problem-solving skills. Include examples of how you've interpreted complex data in past roles.
Be Clear and Concise: When writing your application, clarity is key. We want to see your ability to communicate complex ideas simply. Keep your language straightforward and avoid jargon where possible.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at AXA Group
✨Know Your Numbers
As a Reserving Actuary, you'll be dealing with complex data and financial figures. Make sure you brush up on your IFRS4 and IFRS17 knowledge before the interview. Be prepared to discuss how you've handled reserves in the past and how you ensure accuracy in your reports.
✨Showcase Your Analytical Skills
Highlight your robust analytical and problem-solving skills during the interview. Prepare examples of how you've interpreted complex data and presented it clearly to management. This will demonstrate your ability to contribute to strategic decision-making.
✨Project Management Prowess
Since you'll be leading transversal projects, it's crucial to showcase your project management capabilities. Discuss specific projects you've led, the challenges you faced, and how you ensured high-quality deliverables. This will show that you're ready to take on leadership responsibilities.
✨Be a Team Player
Collaboration is key in this role, so be ready to talk about your experience working with cross-functional teams. Share examples of how you've built relationships and provided actuarial insights that influenced decisions. This will highlight your adaptability and team spirit.
