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- Tasks: Join our team as a Reserving Actuary, influencing strategic decisions and ensuring financial stability.
- Company: AXA XL, a leader in the insurance industry with a commitment to inclusion and sustainability.
- Benefits: Competitive pay, flexible working, enhanced family leave, and a focus on wellbeing.
- Why this job: Make a real impact by providing insights that shape the future of our organisation.
- Qualifications: Qualified actuary with strong analytical skills and experience in reserving.
- Other info: Dynamic team environment with opportunities for mentorship and career growth.
The predicted salary is between 36000 - 60000 ÂŁ per year.
The successful candidate will be a key member of the actuarial reserving function and will report directly to the Head of Management Reporting Corporate Actuarial. As a Reserving Actuary, you will play a key role in our team, contributing to the strategic decision‑making process and ensuring the financial stability and solvency of our organisation. You will provide clear, concise, and insightful reporting to management, enabling informed decisions.
Responsibilities
- Review, challenge, consolidate and govern IFRS4 and IFRS17 reserves during valuation, booking, forecast and planning exercises for the AXA XL division, ensuring accuracy and reliability.
- Contribute to preparation of supporting documents for top management of AXA XL, influencing strategic decision‑making, including:
- MRCR (Management Review Committee on Reserves) for valuations and bookings, including minutes.
- Financial clearance with AXA Group (actuarial section).
- Flash presentation to AXA Group Actuarial function, in collaboration with AXA XL Risk Management team.
- Planning presentations: base loss ratio and budget loss ratio.
- Board/audit committee presentation.
- Presentation on reserves for Bermudian regulator.
- Presentation on reserves for rating agencies.
Qualifications Required Skills and Abilities
- Qualified actuary by a recognised actuarial association with significant experience and a robust background in reserving.
- Robust analytical and problem‑solving skills, with the ability to interpret and present complex data.
- Ability to multi‑task and work effectively in a fast‑paced team environment.
- Excellent written and verbal communication, including presentation skills.
- Effective project management and leadership capabilities.
- Outstanding computer application skills, specifically Excel and PowerPoint.
Desired Skills and Abilities
- Attention to detail to ensure full consistency of results within various presentations.
- Working knowledge of actuarial reserving software such as ResQ, SQL, and visualisation tools such as PowerBI.
Additional Attributes
- Adaptable and keen to learn.
- Motivated to build robust relationships and networks.
- Team player.
What We Offer
- Inclusion: AXA XL is committed to equal employment opportunity and considers applicants regardless of gender, sexual orientation, age, ethnicity, disability or any other protected characteristic. Five Business Resource Groups focused on gender, LGBTQ+, ethnicity, disability and inclusion with 20 chapters worldwide. Robust support for flexible working arrangements. Enhanced family‑friendly leave benefits. Recognised as a signatory to the UK Women in Finance Charter.
- Total Rewards: Reward program covering health, wellbeing, lifestyle and financial security. Competitive compensation and personalised, inclusive benefits that evolve with you.
- Sustainability: Roots of Resilience strategy focusing on protecting natural ecosystems, addressing climate change and embedding sustainable practices. Key pillars: Valuing nature, addressing climate change, integrating ESG, and AXA Hearts in Action programs.
AXA XL is an Equal Opportunity Employer.
Reserving Actuary, AFR employer: AXA XL
Contact Detail:
AXA XL Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reserving Actuary, AFR
✨Tip Number 1
Network like a pro! Reach out to current or former employees at AXA XL on LinkedIn. A friendly chat can give us insider info and might even lead to a referral, which is always a bonus!
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills. Make sure we can confidently discuss IFRS4 and IFRS17 reserves, as well as any recent trends in actuarial analytics. Show them we know our stuff!
✨Tip Number 3
Practice our presentation skills! Since the role involves presenting to top management and regulators, let’s rehearse how we’d explain complex data clearly and concisely. We want to impress with our communication!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure our application gets seen. Plus, it shows we’re genuinely interested in being part of the AXA XL team.
We think you need these skills to ace Reserving Actuary, AFR
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Reserving Actuary role. Highlight your experience in actuarial reserving and any relevant projects you've led. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our team. Keep it concise but impactful, showing us your personality.
Showcase Your Analytical Skills: Since this role involves a lot of data interpretation, make sure to highlight your analytical skills in your application. Share examples of how you've tackled complex data challenges in the past – we love a good story!
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!
How to prepare for a job interview at AXA XL
✨Know Your Numbers
As a Reserving Actuary, you'll be dealing with complex data and reserves. Brush up on your IFRS4 and IFRS17 knowledge, and be ready to discuss how you would ensure accuracy in valuations. Prepare examples of past experiences where your analytical skills made a difference.
✨Master the Art of Presentation
You'll need to present insights to top management and various committees. Practice your presentation skills, focusing on clarity and conciseness. Use PowerPoint to create a mock presentation that showcases your ability to communicate complex information effectively.
✨Showcase Your Team Spirit
Collaboration is key in this role. Be prepared to discuss how you've worked with cross-functional teams in the past. Highlight any leadership experiences, especially mentoring junior team members, as this will demonstrate your ability to guide and support others.
✨Stay Current with Trends
The actuarial field is always evolving. Research recent trends in reserving and claims analytics methodologies. Bring up any innovative solutions you've developed or learned about, showing your adaptability and eagerness to learn in this fast-paced environment.
