At a Glance
- Tasks: Lead risk governance and manage the Product Approval process in a dynamic insurance environment.
- Company: Join AXA, a global leader in insurance and financial services.
- Benefits: Flexible hybrid working, competitive salary, and opportunities for professional growth.
- Other info: Be part of an inclusive team that values diversity and supports your career journey.
- Why this job: Make a real impact on risk management and strategic decision-making in a leading company.
- Qualifications: Experience in risk pricing, excellent stakeholder management, and strong analytical skills.
The predicted salary is between 60000 - 75000 £ per year.
About AXA: AXA is a global leader in insurance and financial services, dedicated to helping customers protect what matters most to them. As the sixth‑largest insurance company in the world, we provide a wide range of services, including health, car, home, and business insurance. We support millions of customers worldwide, helping them navigate life's uncertainties with confidence.
AXA UK Support Functions look after our three customer‑facing business units, providing the infrastructure and expertise to make sure we can be there for our customers.
Job overview: We're seeking a proactive insurance risk professional to join AXA UK's Risk team. You'll oversee the Product Approval process, provide independent risk reviews, and support strategic projects with expert opinions on pricing and claims risks. You'll also help maintain and review underwriting policies and ensure the Risk Management Framework aligns with risk appetites. Your role will lead effective risk governance and enable informed decision‑making across the business.
Key responsibilities:
- Manage and monitor the Product Approval Process, providing second‑line opinions and coordinating with Risk and Compliance.
- Conduct independent risk reviews of pricing, claims, and portfolio management to support strategic challenge.
- Support senior leaders in reviewing key projects and providing formal risk opinions on pricing and claims.
- Contribute to risk considerations in strategic planning, ensuring activities align with business goals.
- Develop and maintain underwriting and reinsurance policies.
- Coordinate the implementation of the Risk Management Framework, monitor risk adherence, and assist in action plans to stay within risk appetite.
Work arrangements:
At AXA we work smart, empowering our people to balance their time between home and the office in a way that works best for them, their team and our customers. You'll work at least two days a week (40%) away from home, moving to three days a week (60%) in the future. Away from home means attending the office, visiting clients or attending industry events. We're also happy to consider flexible working arrangements, which you can discuss with Talent Acquisition.
Your skills & experience:
- Expertise as a Risk Pricing Specialist, ideally within the UK Health insurance market.
- Excellent stakeholder management skills to manage key relationships and influence decisions.
- Brilliant interaction skills with Executives, Senior Management and regulators.
- Substantial product and industry knowledge and understanding of regulatory framework.
- Business acumen and self‑motivation.
- Proven ability to work under time pressure.
- Analytical problem‑solving skills.
As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom. We're proud to be an Equal Opportunities Employer and don't discriminate against employees or potential employees based on protected characteristics. If you have a long‑term condition or disability and require adjustments during the application or interview process, we're proud to offer access to the AXA Accessibility Concierge.
Insurance Risk Lead: Pricing & Governance (Hybrid) in Wells employer: AXA Group
AXA is an exceptional employer, offering a dynamic work culture that prioritises employee well-being and professional growth. With a hybrid working model, employees enjoy the flexibility to balance their work and personal lives while contributing to meaningful projects in the insurance sector. At AXA, you will be part of a supportive team that values innovation and collaboration, providing ample opportunities for career advancement within a globally recognised organisation.
StudySmarter Expert Advice🤫
We think this is how you could land Insurance Risk Lead: Pricing & Governance (Hybrid) in Wells
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work at AXA or similar companies. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by researching AXA's values and recent projects. Show us that you understand their mission and how your skills as an Insurance Risk Lead can contribute to their goals. Tailor your examples to highlight your expertise in risk pricing and governance.
✨Tip Number 3
Practice your pitch! Be ready to explain how your experience aligns with the role of overseeing the Product Approval process and conducting independent risk reviews. Confidence is key, so rehearse your answers to common interview questions.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows us you’re genuinely interested in joining AXA and being part of our team.
We think you need these skills to ace Insurance Risk Lead: Pricing & Governance (Hybrid) in Wells
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Insurance Risk Lead role. Highlight your experience in risk pricing and governance, and don’t forget to showcase your stakeholder management skills. We want to see how you can bring value to AXA!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific projects or experiences that align with the responsibilities listed in the job description. We love a good story!
Showcase Your Analytical Skills:Since this role involves a lot of analytical problem-solving, make sure to include examples of how you've tackled complex issues in the past. We want to see your thought process and how you approach challenges!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts and you’ll be set!
How to prepare for a job interview at AXA Group
✨Know Your Risk Fundamentals
Make sure you brush up on your knowledge of risk pricing and governance, especially within the UK health insurance market. Be prepared to discuss how you would manage the Product Approval process and provide independent risk reviews.
✨Showcase Your Stakeholder Skills
Since this role involves excellent stakeholder management, think of examples where you've successfully influenced decisions or managed key relationships. Be ready to share these stories during your interview to demonstrate your interaction skills with Executives and Senior Management.
✨Demonstrate Analytical Problem-Solving
Prepare to tackle some analytical scenarios during your interview. Practice articulating your thought process when faced with complex problems, especially those related to pricing and claims risks. This will show your potential employer that you can handle pressure effectively.
✨Align with AXA's Values
Familiarise yourself with AXA's mission and values. Be ready to discuss how your personal values align with theirs, particularly in terms of supporting customers and navigating uncertainties. This will help you stand out as a candidate who truly understands the company's ethos.
