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- Tasks: Develop and implement pricing algorithms using Python and R for AXA XL's insurance division.
- Company: AXA XL is a leading global insurer known for innovative risk solutions and an inclusive culture.
- Benefits: Enjoy flexible working arrangements, enhanced family leave, and a commitment to diversity and inclusion.
- Why this job: Join a transformative team shaping the future of insurance with cutting-edge technology and analytics.
- Qualifications: Qualified actuary with experience in pricing, programming skills, and a collaborative work ethic required.
- Other info: Be part of a sustainability-focused company dedicated to protecting ecosystems and addressing climate change.
The predicted salary is between 48000 - 72000 £ per year.
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Join to apply for the Specialist Actuary role at AXA XL
Specialist Actuary, Models & Analytics
London, UK
AXA XL is an Equal Opportunity Employer.
Pricing Analytics & Models (PAM) is a unit of AXA XL’s insurance division that enables product pricing actuaries and underwriters to harness information, deploy tools, and generate insights that improve portfolio management and increase profitability. The Pricing Models team (PMU) within PAM works with pricing actuaries to design, build, and implement the algorithms that underpin premium calculations for the company’s global casualty, professional, property, and specialty lines. The PMU brings a special combination of actuarial expertise, technical knowledge, and coding skills necessary to engineer, maintain, and enhance those algorithms.
AXA XL is currently in the middle of a multi-year transformation initiative that will streamline and upgrade workflows across the enterprise. At the heart of that initiative is the creation of a cloud-based platform for developing models and delivering everyday analytics. With this new platform, AXA XL will improve the consistency, performance, precision and accuracy of its pricing tools. Our PMU team members are crucial contributors to this project – they shape best practice in the design and construction of pricing algorithms in Python and R, and provide effective support for line of business pricing teams migrating to our new platform.
What you’ll be doing
What will your essential responsibilities include?
Development of PMU core standards
- Assist in standardising actuarial methodologies and model implementation across lines of business and developing core module packages and frameworks
- Ensure consistency of pricing model data capture and ability to reuse that data for other purposes
Algorithm design and build
- Support line of business actuaries in aligning pricing models with approved methodologies, core modules and standards ready for implementation
- Identify opportunities for improving user experience, logic and coding within pricing models
- Assist in conducting actuarial model review, implementing model code in Python and R, and testing and reporting model accuracy and performance
- Create consistent technical documentation for actuarial methodologies and frameworks contained within the platform
Delivery leadership and support
- Take ownership of projects in accordance with Agile delivery methods, applying rigorous standards in reviewing the work of others and managing junior resources
- Serve as technical delivery lead for individual pricing model transformations, defining work items and assisting delivery team in prioritisation of work during sprint planning
- Establish and leverage a effective network of relationships with other business and technical teams, including but not limited to: pricing actuaries, line of business underwriters, underwriting leadership, operations and IT
- Build connections between pricing tools and third-party services/data as well as integration with other internal systems
You will report to the Head of Pricing Models.
What you’ll bring
We’re looking for someone who has these abilities, skills and experience:
Required
- Significant experience in large commercial non-life pricing
- Qualification level – qualified / nearly qualified actuary
- Ability to lead projects independently and manage workloads across different projects effectively
- Proven ability to think strategically with a passion for innovation and a desire to utilise new technologies
- Effective verbal and written communication skills to communicate technical concepts to non-technical audiences
- Technical aptitude with commercial experience of programming (Python / R / SQL)
- Ability to distil complex technical concepts and processes into clear, concise, and easily understandable terms
- Collaborative work ethic
- Pragmatic and delivery-focused
- Bachelor’s degree in actuarial science, Mathematics, Applied Math, Statistics, or related field
Desired
- Experience working on pricing tool development, business reporting, analytical projects and / or case pricing
- Experience of working with underwriters, pricing actuaries, software engineers and other technical teams (operations and IT)
- Experience in people management
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 and 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, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.
We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.
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. Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
Our Pillars
- Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems – the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
- Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We\’re building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
- Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
- AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.
For more information, please see axaxl.com/sustainability.
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.
How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Learn more at axaxl.com
Seniority level
-
Seniority level
Not Applicable
Employment type
-
Employment type
Full-time
Job function
-
Job function
Finance and Sales
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Industries
Insurance
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Specialist Actuary employer: AXA XL
Contact Detail:
AXA XL Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Specialist Actuary
✨Tip Number 1
Familiarise yourself with the latest trends in pricing analytics and actuarial methodologies. Understanding the current landscape will help you engage in meaningful conversations during interviews and demonstrate your passion for the field.
✨Tip Number 2
Network with professionals in the actuarial community, especially those who work at AXA XL or similar companies. Attend industry events or webinars to build connections that could lead to referrals or insider information about the role.
✨Tip Number 3
Brush up on your programming skills, particularly in Python and R, as these are crucial for the role. Consider working on personal projects or contributing to open-source initiatives to showcase your technical abilities.
✨Tip Number 4
Prepare to discuss your experience with Agile methodologies, as this is a key aspect of the role. Be ready to share examples of how you've successfully led projects or collaborated within a team using Agile principles.
We think you need these skills to ace Specialist Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in pricing analytics, actuarial methodologies, and programming skills in Python and R. Use keywords from the job description to demonstrate your fit for the role.
Craft a Compelling Cover Letter: In your cover letter, express your passion for innovation and how your strategic thinking aligns with AXA XL's goals. Mention specific projects or experiences that showcase your ability to lead and collaborate effectively.
Showcase Technical Skills: Clearly outline your technical skills, especially in programming languages like Python, R, and SQL. Provide examples of how you've used these skills in previous roles to solve complex problems or improve processes.
Highlight Collaborative Experience: Emphasise any experience working with cross-functional teams, such as underwriters and software engineers. This will demonstrate your ability to build relationships and work collaboratively, which is crucial for the role.
How to prepare for a job interview at AXA XL
✨Showcase Your Technical Skills
As a Specialist Actuary, you'll need to demonstrate your proficiency in programming languages like Python and R. Be prepared to discuss specific projects where you've applied these skills, and consider bringing examples of your work to the interview.
✨Understand the Business Context
Familiarise yourself with AXA XL's business model and the role of the Pricing Models team within the broader organisation. This will help you articulate how your skills can contribute to their multi-year transformation initiative and improve portfolio management.
✨Prepare for Behavioural Questions
Expect questions that assess your leadership abilities and collaborative work ethic. Think of examples from your past experiences where you've led projects or worked effectively in teams, especially in an Agile environment.
✨Communicate Clearly
You'll need to explain complex actuarial concepts to non-technical audiences. Practice distilling intricate ideas into simple terms, as this will be crucial in demonstrating your effective communication skills during the interview.
