Major Events Reserving Actuary, AFR

The successful candidate will report to Head of Major Event Reserving and will lead analysis, governance, review and reporting on large and catastrophe losses to both internal and external stakeholders.

What you’ll be doing

What will your essential responsibilities include?

• Leading actuarial reserving analysis relating to large loss and catastrophe events at the segment and division level to provide insights in to emerging trends and to assist with reserve recommendations.
• Actuarial support for Major Event Reserve Committee in analysis, communication, collaboration, assessment and reporting of large man-made and catastrophe events.
• Management, review, challenge and consolidation of the large and catastrophe reserve analysis performed by the reserving teams across the division.
• Business Planning: The Actuarial financial reporting team is a key contributor to the development of the AXA XL business plan each year. This role will include significant involvement in the annual business planning exercise including reporting to the AXA XL Division and AXA Group management. This requires supporting and leading Cat, Large and Threat planning working groups and closely working with Pricing, Risk and Natural Peril teams to assess, challenge and communicate outcomes to actuarial leadership.
• Manage the Major Events element of the reserving timelines and workflow across the department including working and collaborating closely with the reserving teams in India, EU, UK and USA.
• Ensuring AXA XL actuarial reporting is compliant with the guidelines set by AXA Group and continuing to enhance data, analysis and reporting suite to meet internal and external requirements.
• Special Projects: Alongside your Corporate Actuarial responsibilities, you will also become involved in special projects intended to contribute to the development of the Actuarial Financial Reporting team as a whole which would involve development of processes or exhibits or focused investigations regarding new methodologies or assumptions potentially impacting the reserving analysis for all lines.
• Contribute to the reporting of analysis and results to the AXA XL Reserve Committees, AXA Group, rating agencies and other internal/external parties.
• Interaction with the 2nd opinion independent review team and external audit teams.
• Team Management: You will be expected to take on day to day management of tasks, including management and oversight of contributions from reserving actuaries and reserving analysts.

You will report to Head of Major Event Reserving

What you’ll bring

We’re looking for someone who has these abilities and skills:

• Planning & Organisation: An ability to manage multiple conflicting tasks and outputs. Able to plan long term deliverables and ensure tasks are planned and completed accordingly and that any delays or complications are communicated early and resolved appropriately.
• Communication: Excellent verbal and written communication, collaboration and presentation skills. Must have the ability to communicate even negative or difficult messages in a constructive and effective manner at all levels.
• Business Partnering: Able to demonstrate an in depth knowledge of the actuarial reserving process, as well as translate actuarial output to stakeholders.
• Strategic Thinking and Tactical Implementation: Ability to invent, design and build solutions.
• Actuarial Experience: Expected to have relevant experience within the non-life insurance Industry, with a significant focus on reserving. A qualified actuary with a track record which demonstrates development of leadership capabilities as well as the ability to ensure timely delivery under pressure is absolutely essential.

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 and 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. It’s about helping one another — and our business — to move forward and succeed.

• Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.
• Robust support for Flexible Working Arrangements
• Enhanced family-friendly leave benefits
• Named to the Diversity Best Practices Index
• Signatory to the UK Women in Finance Charter

Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.

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.

We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.

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. Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.

Our Pillars:

• Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems – the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
• Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We\’re building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
• Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
• AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.

For more information, please see axaxl.com/sustainability.

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.

How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business – property, casualty, professional, financial lines and specialty.

With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.

Learn more at axaxl.com