Reserving Actuary Specialist - AFR in London

The role will report to the Actuary, Corporate Actuarial – London Wholesale, in the Actuarial Financial Reporting team based in London. Specialist, AFR will play a critical role in the reserving function, supporting the London Wholesale Actuary, as well as the Chief Actuary UK and the Head of AXICL Reserving Actuary, in setting robust, well-informed best estimate reserves. The successful candidate will demonstrate technical depth, commercial awareness and robust interpersonal skills to support the actuarial view of the portfolios.

What you’ll be DOING

• Strategic Influence: Play a pivotal role in shaping the reserving view for high-profile, complex portfolios within the underwriting units.
• High Visibility: Work closely with the UK and Lloyd’s Chief Actuary and senior leaders across underwriting, claims and finance, gaining visibility at the highest levels of the business.
• Global Collaboration: Operate in a globally connected environment, working alongside talented teams across India, the UK, and other global offices, fostering a truly collaborative culture.
• Exposure to Lloyd's Market Dynamics: Deepen your expertise in Lloyd's reserving, governance, and syndicate-specific nuances, with the opportunity to contribute to market-facing developments.
• Innovation and Process Enhancement: Bring forward new ideas and challenge conventional approaches within a function open to innovation and continuous improvement.
• Leadership Development: Build and demonstrate leadership capability through mentorship, ownership of work streams, and influence across cross-functional teams.
• Career Progression: Be part of a dynamic and evolving actuarial function, with clear pathways to broaden your scope, whether in pricing, capital, portfolio analytics, or leadership roles.
• Purposeful Work: Contribute to the strength and sustainability of the business by helping ensure that reserves are robust, well-communicated, and aligned to the underlying risk.

Key responsibilities include:

• Best Estimate Reserving: Assist in developing and maintaining the actuarial best estimate reserves for a range of portfolios, ensuring alignment with regulatory standards, Lloyd’s requirements and internal frameworks.
• Cross-Functional Engagement: Proactively engage with underwriters and claims professionals to understand portfolio dynamics, emerging trends, changes in underwriting strategy, and claims experience.
• Market Awareness and Portfolio Contextualization: Maintain a robust awareness of market developments, legal and economic environments, and competitive pressures to ensure reserving assumptions reflect the latest intelligence.
• Communication of Results: Effectively communicate reserving outcomes and assumptions to key stakeholders, particularly underwriting and claims teams.
• Collaborate Across all Internal Functions: Work closely with other teams within the actuarial function to ensure consistency, accuracy, and completeness of data and methodologies.
• Legal Entity Reporting: Support legal entity allocations and provide input into specific reserving committees.
• Stakeholder Queries and Governance Support: Provide timely and accurate responses to questions from internal stakeholders, group functions and external stakeholders as required.

What you will BRING

• Extensive Reserving Experience: In non-life actuarial reserving, with a focus on Casualty lines preferred.
• Lloyd's Market Knowledge: Demonstrated experience with Lloyd’s and/or syndicate reserving is desirable.
• Robust Technical Foundation: Proficient in reserving methodologies, actual software tools, and relevant statistical techniques.
• Cross-Market Collaboration: Proven ability to collaborate effectively across geographically dispersed teams.
• Effective Communicator: Capable of presenting complex actuarial results and insights clearly to both technical and non-technical audiences.
• Self-Driven and Solution Oriented: Highly motivated, proactive, and able to work independently with minimal supervision.
• Innovative and Commercially Aware: Curious and forward-thinking, with a desire to improve processes and contribute to business strategy.
• Professional Qualification: Newly/Nearly Qualified actuary (e.g. FIA or equivalent) with a robust track record of continuing professional development.

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.

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.

Sustainability

At AXA XL, Sustainability is integral to our business strategy. Our Sustainability strategy focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.

Who WE are

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. We partner with those who move the world forward.