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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.
Specialist Actuary – Energy LiabilityAXA XL is an Equal Opportunity Employer.
In this role you will support the Energy Liability pricing team and the underwriters in London who write this business. You will have exposure to both the Underwriting and Actuarial leadership teams through individual account pricing, quarterly business review meetings and annual business planning.
What you\’ll be doing
Ensure AXA XL is a leader in the field of technical pricing and portfolio management.
Assist the Actuary leading the Energy Liability portfolio in London to maintain and improve the Pricing view of loss ratio for the portfolio.
Challenge Actuarial and UW leadership, Reserving and Capital modelling.
Drive appropriate consistency in pricing and portfolio analysis across Energy Liability.
Ensure efficiency of pricing processes, compliance with pricing guidelines and delivery of core tasks such as planning and core pricing metrics.
Training of underwriters in pricing matters and support pricing accounts, including portfolio deals.
Results and Metrics story telling in support of Finance Business Partners and Reserving.
Gathering local UW data and analytics needs and problems.
Leverage other AXA XL capabilities, e.g. Risk Consulting, IDA and Enterprise Business Data Solutions.
Work with wider casualty team to complete tasks and assist development of junior team.
What you\’ll bring
Significant experience of non-life insurance pricing.
Qualification level – A mathematical, scientific or economics-based degree.
Relevant work experience in a statistical or analytical role.
Qualified actuary or progress towards attaining actuarial accreditation.
Compelling technical skills, particularly in R, Excel, SQL, Python, VBA etc.
Leadership skills to work collaboratively with colleagues to build consensus.
Influential verbal communications skills to gain buy-in to communicate clearly and concisely with internal and external clients.
Excellent written communication skills.
Can demonstrate a compelling ability to think strategically.
What we offer
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.
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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.