Senior Capital Actuary in London

AXA XL is the Property & Casualty risk division of AXA, created from the acquisition of XL Catlin in 2018. We partner with mid-sized to multinational clients to take their business further, with more than 30 lines of business to offer solutions for existing and emerging risks. With 9,000+ colleagues based in approximately 30 countries we are able to serve clients in more than 200 countries.

This position is part of the AXA XL Risk Management team which is organized in several Centers of Excellence (Actuarial Risk, Underwriting Risk, Risk Governance and Control, Financial and Catastrophe Risk). This role is part of the Capital Modelling team of the Actuarial Risk Center of Excellence. The Risk Management team is a strategic department within AXA XL dealing with the most difficult P&C challenges and influencing strategic decisions in operations of a leading international Commercial Lines and Reinsurance company.

This is a leadership role within the Divisional Capital Modelling team, combining deep technical expertise, people management and stakeholder engagement. The key purpose of this role is the development, governance and implementation of AXA XL's internal capital model, helping shape the future direction of capital modelling across the Division.

What you’ll be doing

Core Responsibilities:

• Partner with the Head of Capital Modelling – Division in the development, maintenance and operation of our internal capital model. This includes overseeing the second line review of parameterisation processes, validation of model outputs, optimisation of model code and documentation, production and presentation of standard formula calculations (Solvency II and BSCR) results, and providing expert oversight of correlation modelling and other areas of expert judgement.
• Working closely with stakeholders across AXA XL and AXA Group, review and challenge model inputs, assumptions, methodologies and outputs, while ensuring the delivery of robust capital modelling outputs.
• Drive continuous improvement of our modelling approaches, processes, and technology implementation, identifying opportunities to improve efficiency, automation, analytical capability and model insight while fostering a culture of innovation and operational excellence.
• Lead, develop and manage a team of three capital modellers, fostering a high-performing and collaborative team culture while supporting their technical growth, career development and long-term success within AXA XL.
• Provide technical leadership, coaching, challenge and constructive feedback, while ensuring the accuracy, reliability and regulatory compliance of capital modelling deliverables from the team.
• Lead the continued development of ceded reinsurance modelling within the internal capital model, enhancing the representation of complex reinsurance structures, improving insight into the capital impacts of reinsurance programmes, and supporting the development of capital modelling reporting on ceded reinsurance.
• Liaise with our ceded reinsurance team on the interpretation of contract terms and capital modelling outputs.
• Develop and enhance the internal capital model outputs provided to key stakeholders, ensuring they are fit for purpose and meet business requirements.
• Deliver capital modelling analyses to support actuarial investigations, risk second opinions and strategic initiatives, and lead ad hoc assessments of the Division's capital and risk profile to provide timely insight on emerging issues and business developments.
• Build strong relationships across AXA XL, coordinating data sourcing, timelines and priorities across multiple stakeholders, while supporting the operation of the internal model governance framework and associated committee processes.
• Lead engagement with internal and external validation functions, representing the Capital Modelling team in discussions on methodologies, assumptions, processes and results. Drive the successful resolution of validation findings through effective challenge, stakeholder engagement and delivery of remediation plans.

You will report to Head of Capital Modelling – Division.

What you’ll bring

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

Required Skills and Abilities:

• Demonstrable track record in capital modelling or other simulation-based modelling role.
• Excellent Microsoft Office including Excel skills.
• Demonstrates a Growth Mindset by embracing continuous learning, seeking feedback, and proactively developing skills to adapt to evolving industry challenges and opportunities.
• Committed to Performance Excellence by setting high standards, striving for continuous improvement, and delivering high-quality results consistently.
• Exhibits Strong Cross-Functional Collaboration skills, effectively partnering across teams, functions, and geographies to achieve shared objectives and foster a cohesive work environment.
• Builds Resilience by maintaining focus and effectiveness under pressure, adapting to setbacks, and remaining positive and solution-oriented in difficult situations.
• Communicates Effectively by conveying complex ideas clearly and persuasively to diverse audiences, including senior leadership, stakeholders, and technical teams.
• Demonstrates Agility by quickly adjusting priorities and strategies in response to changing business needs, industry developments, and regulatory landscapes.
• Exhibits strong leadership qualities, including influencing, negotiating, and inspiring teams to achieve strategic objectives.
• Possesses an Analytical and Strategic Mindset, with the ability to interpret data, identify trends, and develop long-term strategies aligned with organizational goals.
• Demonstrates a strong commitment to understanding and prioritizing the needs of internal and external stakeholders, ensuring that risk management strategies and communication are aligned with delivering value and fostering trust.

Desired Skills and Abilities:

• Coding skills, e.g. VBA, R, Python and/or SQL beneficial.
• Competent ReMetrica user.

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.

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.

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.

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.