At a Glance
- Tasks: Manage risk processes and provide expert opinions on pricing and claims.
- Company: Join AXA, a global leader in insurance and financial services.
- Benefits: Flexible working arrangements, competitive salary, and career development opportunities.
- Other info: Dynamic work environment with a focus on collaboration and innovation.
- Why this job: Make a real impact in risk management while supporting millions of customers.
- Qualifications: Experience in risk pricing, excellent stakeholder management, and analytical skills.
The predicted salary is between 60000 - 80000 £ 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 Manager in Wells employer: AXA Group
AXA is an exceptional employer, offering a dynamic work culture that prioritises employee well-being and professional growth. With flexible working arrangements and a commitment to diversity and inclusion, employees are empowered to thrive both personally and professionally. Joining AXA means being part of a global leader in insurance, where your contributions directly impact the lives of millions, all while enjoying a supportive environment that fosters innovation and collaboration.
StudySmarter Expert Advice🤫
We think this is how you could land Insurance Risk Manager in Wells
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those at AXA. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your risk management knowledge. Be ready to discuss how you would handle specific scenarios related to pricing and claims risks. Show them you know your stuff!
✨Tip Number 3
Don’t forget to showcase your stakeholder management skills. Think of examples where you've influenced decisions or managed relationships effectively. This is key for the role at AXA!
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you're serious about joining AXA and being part of their mission to help customers.
We think you need these skills to ace Insurance Risk Manager in Wells
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Insurance Risk Manager role. Highlight your relevant experience in risk management, especially in pricing and claims, and don’t forget to showcase your stakeholder management skills!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for AXA and how your expertise aligns with their goals. Be sure to mention your understanding of the regulatory framework and your analytical problem-solving skills.
Showcase Your Achievements:When detailing your experience, focus on specific achievements that demonstrate your impact in previous roles. Use metrics where possible to quantify your success in managing risks and influencing decisions.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensure it gets the attention it deserves!
How to prepare for a job interview at AXA Group
✨Know Your Risk Management Framework
Familiarise yourself with AXA's Risk Management Framework before the interview. Understand how it aligns with risk appetites and be ready to discuss how your experience can contribute to effective risk governance.
✨Showcase Your Stakeholder Management Skills
Prepare examples that highlight your ability to manage relationships with key stakeholders. Think about times when you influenced decisions or collaborated with senior management, as these skills are crucial for the role.
✨Demonstrate Analytical Problem-Solving
Be ready to tackle hypothetical scenarios related to pricing and claims risks during the interview. Show how your analytical skills have helped you solve complex problems in the past, especially in the context of the UK health insurance market.
✨Ask Insightful Questions
Prepare thoughtful questions about AXA's strategic projects and how the Risk team supports them. This shows your genuine interest in the role and helps you understand how you can add value to the team.
