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For Companies At a Glance
- Tasks: Conduct pricing analysis and develop innovative pricing models for diverse risks.
- Company: Join AXA XL, a leader in solving complex risks with a focus on inclusivity.
- Benefits: Enjoy competitive pay, flexible working, and family-friendly leave options.
- Other info: Be part of a dynamic team committed to sustainability and community support.
- Why this job: Make a real impact in the insurance industry while collaborating with talented professionals.
- Qualifications: Qualified actuary with strong analytical skills and proficiency in programming languages.
The predicted salary is between 36000 - 60000 £ per year.
What you’ll be doing
What will your essential responsibilities include?
- Actuarial Pricing Analysis
- Underwriting and Pricing Tools
- Conduct case pricing for deals as required by underwriters. Structured Risk Solutions is 100% case priced and underlying risks can include any line of business, including property, casualty, cyber, etc., or completely non-traditional risks. These may be experience rated, exposure rated using traditional LOB information, or both. This might involve liaising with other LOB actuaries to obtain relevant benchmark data, while working to deal timelines.
- Maintenance and development of the stochastic SRS pricing model, along with improvement of the pricing process
- Obtaining and periodically updating relevant benchmark information
- Provide training and guidance to underwriters on pricing model
- Review and monitoring of underwriting metrics
- Collaborate with the analytics team on improving the pricing model based on new data sources and analytical techniques
Colleague Interactions
- Represent pricing and analytics in SRS product meetings on behalf of the Head of Pricing for PRCB and SRS
- Coordinate with the Global Product Pricing Actuaries to ensure consistency in pricing
- Understand data and processes and propose improvements that will enhance analysis and efficiency of the pricing process in a manner commensurate to the profit opportunity
- Reinsurance Analysis, Risk Management and Regulatory Support
- Quarterly and ad hoc monitoring of cat aggregations within SRS portfolio
You will report to the Head of Pricing, PRCB and SRS.
What you’ll bring
We’re looking for someone who has these abilities and skills:
- Significant case pricing experience across a range of non-life (re)insurance lines of business, including long-tail and short-tail lines. Pricing of either Alternative Risk Transfer or reinsurance is not required but would be of benefit
- Comfortable with stochastic models
- Proficiency in Excel and experience of programming in Python or R or SQL
- Understanding of catastrophe models
- Qualified actuary (FIA or equivalent)
- Influencing and negotiating skills
- Leadership skills to work collaboratively with colleagues across functions to build consensus
- Proven analytical skills
- Effective at communicating complex ideas
- The ability to think strategically and apply critical thinking to solve problems
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. 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 about inclusion and diversity at AXA XL. 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
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Pricing Actuary, Structured Risk Solutions employer: AXA Group
Contact Detail:
AXA Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Actuary, Structured Risk Solutions
✨Tip Number 1
Network like a pro! Reach out to current or former employees at AXA XL on LinkedIn. Ask them about their experiences and any tips they might have for landing the Pricing Actuary role. Personal connections can give you an edge!
✨Tip Number 2
Prepare for the interview by brushing up on your case pricing knowledge. Be ready to discuss specific examples of how you've tackled complex pricing scenarios in the past. Show us your analytical skills and strategic thinking!
✨Tip Number 3
Don’t forget to showcase your programming skills! If you’ve worked with Python, R, or SQL, be prepared to talk about how you’ve used these tools to improve pricing models or processes. We love seeing candidates who can leverage tech in their work.
✨Tip Number 4
Finally, 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 our team at AXA XL. Let’s make it happen!
We think you need these skills to ace Pricing Actuary, Structured Risk Solutions
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Pricing Actuary role. Highlight your case pricing experience and any relevant skills, like your proficiency in Excel or programming languages. We want to see how you fit into our Structured Risk Solutions team!
Showcase Your Analytical Skills: Since this role involves a lot of analytical work, don’t shy away from showcasing your problem-solving abilities. Use examples from your past experiences where you’ve successfully tackled complex issues. We love seeing how you think strategically!
Be Clear and Concise: When writing your application, keep it clear and to the point. Avoid jargon unless it’s relevant to the role. We appreciate straightforward communication, especially when it comes to complex ideas. Make it easy for us to see your potential!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to the right people. Plus, you’ll find all the details about the role and our company culture there!
How to prepare for a job interview at AXA Group
✨Know Your Pricing Models
Make sure you brush up on your knowledge of stochastic models and case pricing. Be ready to discuss how you've used these in past roles, especially in relation to non-life insurance lines. This will show that you understand the core responsibilities of the Pricing Actuary role.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical prowess by discussing specific examples where you've improved pricing processes or contributed to data analysis. Use metrics or outcomes to highlight your impact, as this will resonate well with the interviewers.
✨Communicate Complex Ideas Clearly
Practice explaining complex actuarial concepts in simple terms. You might be asked to train underwriters or collaborate with colleagues from different functions, so being able to communicate effectively is key. Think of examples where you've successfully done this before.
✨Be Ready for Collaboration Questions
Expect questions about teamwork and collaboration, especially since the role involves liaising with other actuaries and analytics teams. Prepare anecdotes that showcase your ability to work well with others and build consensus, as this is crucial for success in the role.