At a Glance
- Tasks: Lead pricing support for US Casualty underwriting and manage a team of junior actuaries.
- Company: Join AXA XL, a leader in reinsurance with a commitment to inclusivity.
- Benefits: Flexible working arrangements, enhanced family leave, and a focus on diversity.
- Other info: Collaborate across regions and contribute to innovative pricing methodologies.
- Why this job: Make an impact in a dynamic environment with significant career development opportunities.
- Qualifications: Qualified actuary with pricing experience and strong communication skills.
The predicted salary is between 60750 - 74250 £ per year.
- Pricing Actuary
- London, United Kingdom
We are looking for a talented and motivated professional to join the Reinsurance Pricing & Analytics team at AXA XL.
In this role you will provide support to the Head of Casualty Pricing International Reinsurance in all aspects of pricing primarily focusing on the US Casualty portfolio.
You will work closely with underwriters and have exposure to management from the very start.
There will also be opportunities to participate in cross-region and cross-product projects at a Reinsurance segment level.
The International Re region of AXA XL writes approximately $1.5bn of annual gross written premium and provides significant career development opportunities for the right candidate over the longer term.
Our region encompasses reinsurance markets across Europe, Middle East, Africa and Asia.
The Pricing & Analytics team partners directly with underwriting and executive management as we look to develop and deliver our strategic objectives.
What you'll be DOING
What will your essential responsibilities include?
- Lead pricing support to the US Casualty underwriting team, conduct deal pricing/reviews and contribute during underwriting committees.
- Manage a team of junior actuaries
- Driving development of pricing methodologies (aligned to global strategies and standards) including parameters/assumptions, impact analysis, and advanced pricing techniques.
- Lead efforts in development, testing and calibration of pricing tools. Maintain required technical pricing documentation and enforce pricing model governance.
- Work with other members of the Pricing & Analytics team to ensure consistency of approach across the product and region (US counterparts and colleagues in Europe).
- Utilise analytics/MI to drive superior business performance and provide decision making guidance throughout the underwriting process.
Gather underwriting data and analytics needs and work with underwriters to improve pricing reliability and process efficiency.
- Evaluate profitability of key businesses in support of portfolio management and monitoring, strategy development, business planning, and to address concerns raised by management.
- Train underwriters and junior actuaries in pricing approaches.
Ensure compliance with global pricing guidelines and drive appropriate consistency in pricing across International Re.
- Provide input into the quarterly reserving process and annual capital model parameterisation where appropriate.
You will report to the Head of Casualty Pricing International Reinsurance.
What you will BRING
We're looking for someone who has these abilities and skills
Required Skills and Abilities
- Qualified actuary - FIA, FCAS, FIAA, FSAI with post-qualification experience
- Relevant experience within the non-life insurance Industry. Reinsurance and/or commercial insurance backgrounds are welcomed. Pricing experience is essential.
- Strong ability to acquire technical knowledge and adapt to new environments quickly.
- Excellent communication skills to build effective working relationships within and beyond the Pricing & Analytics function.
- Explain and translate actuarial concepts and outputs to stakeholders.
- Communicate difficult messages in a constructive manner.
Desired Skills and Abilities
- Able to work with pricing and underwriting teams across geographies.
- Ability to work under pressure and to manage multiple tasks and projects whilst being adaptive to changing business priorities.
- People management experience non-essential but candidate should demonstrate potential to manage and work with a diverse team from different backgrounds and cultures.
- Ability to identify business needs and be creative to invent, design and build solutions accordingly
- Experience working in the Casualty line of business
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 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
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Senior Pricing Actuary employer: AXA Group
AXA XL in London is an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation within the insurance sector. Employees benefit from comprehensive professional development opportunities, competitive compensation, and a strong emphasis on work-life balance, making it an ideal environment for those looking to advance their careers in underwriting while enjoying the vibrant atmosphere of London.
