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- Tasks: Support the Head of Model Reporting in capital modelling and analysis.
- Company: Join AXIS Capital, a leader in specialty insurance and reinsurance with a strong ethical culture.
- Benefits: Enjoy competitive pay, health plans, tuition reimbursement, and flexible work options.
- Why this job: Be part of a dynamic team shaping the future of insurance while developing your skills.
- Qualifications: Near-qualified actuary with 3+ years in risk and capital modelling required.
- Other info: Work in a collaborative environment with opportunities for leadership and growth.
The predicted salary is between 43200 - 72000 £ per year.
This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry. At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves.
All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.
Department: Capital Modelling
Reporting to: Head of Model Reporting
Job Description: This role works within the Capital Modelling team, supporting the Head of Model Reporting with all uses of the Internal Model, which is built on the Tyche software platform. A particular area of focus will be the modelling of the Business Plan and outwards reinsurance, which will involve working closely with AXIS’s Ceded and Pricing teams. There will also be the opportunity to work on a wide variety of model uses, such as setting regulatory capital for AXIS’s Lloyd’s syndicates.
Job Responsibilities
- Model Use
- Updating the internal model to reflect new business plans and analysing the changes from the prior plan, to help provide insights to senior management.
- Collaborating with Ceded reinsurance, Pricing and Third-Party Capital teams to assess outwards reinsurance/retro arrangements.
- Using the internal model to price AXIS’s internal intragroup reinsurance covers.
- Monitoring and reporting of AXIS’ risk profile.
- Completing management and regulatory reports.
- Undertaking ad hoc investigations where required.
- Supporting other members of the capital team in calculation of regulatory capital for AXIS’s Lloyd’s syndicates.
- Carrying out model updates and developing the internal model to appropriately reflect the business being written and to ensure that the model is up to date and fit for purpose.
- Analysing and communicating changes in results to ensure that the modelling is transparent and robust.
- Understanding the inputs, outputs and limitations of the model and related external models, such as those for economic and catastrophe scenarios.
- Participating in the validation of model methods, inputs and outputs to ensure the model operates as intended; to enhance understanding and guide future developments.
- Maintaining documentation on the rationale for selection and alteration of parameters within the model.
- Presenting and explaining results and decisions to management.
- Proactively engaging with other teams and stakeholders to ensure comprehensive understanding of the modelling and timely delivery of results.
- Providing leadership, advice and training to other members of the capital team.
- Management of junior team members may be required in the future.
About You
Required Qualifications and Experience:
- Near-qualified or newly-qualified actuary with 3+ years in-depth experience in an actuarial risk and capital modelling environment.
- Experience in using and maintaining stochastic capital models.
Other Desired Skills & Characteristics:
- Highly computer literate, able to use spreadsheets, databases and learn the use of new systems.
- Experience in using capital modelling simulation software such as Tyche, Igloo or ReMetrica.
- Additional coding experience is a plus.
- Enthusiasm to ask questions and fully understand the work we carry out and its implications for the business.
- Ability to plan effectively and organise and prioritise workload; strong attention to detail.
- Ability to structure analyses and modelling coherently and clearly.
- Capable of developing and maintaining effective relationships at all levels.
- Excellent communication skills, both oral and written.
- Experience of presenting results to stakeholders.
Role Factors
In this role, you will typically be required to be in the office 2-3 days per week.
About Us
We are shaping the direction of Insurance and Reinsurance during a critical and exciting time for the industry. Whether you are a student approaching graduation or a seasoned professional looking for a new environment, AXIS has the right challenges and career opportunities for you. At AXIS, we value each individual and recognize that attracting and retaining the right people is essential to the success of our company. We offer a comprehensive and competitive benefits package which includes medical plans for employees and their families, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.
Deputy Head of Modelling Reporting employer: AXIS (AXIS Capital)
Contact Detail:
AXIS (AXIS Capital) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Deputy Head of Modelling Reporting
✨Tip Number 1
Familiarise yourself with the Tyche software platform, as it's a key tool for this role. Consider taking online courses or tutorials to enhance your understanding and demonstrate your commitment to mastering the necessary skills.
✨Tip Number 2
Network with professionals in the actuarial field, especially those who have experience in capital modelling. Attend industry events or join relevant online forums to build connections that could provide insights or referrals.
✨Tip Number 3
Prepare to discuss your previous experiences with stochastic capital models during interviews. Be ready to share specific examples of how you've used these models to influence business decisions or improve processes.
✨Tip Number 4
Showcase your communication skills by practising how to present complex modelling results clearly and concisely. You might even consider doing mock presentations to friends or colleagues to gain confidence.
We think you need these skills to ace Deputy Head of Modelling Reporting
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in actuarial risk and capital modelling. Emphasise your familiarity with stochastic capital models and any specific software like Tyche, as these are crucial for the role.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the position and the company. Mention how your skills align with the responsibilities outlined in the job description, particularly your ability to collaborate with various teams and present findings.
Showcase Your Communication Skills: Since excellent communication is key for this role, provide examples in your application of how you've effectively communicated complex information to stakeholders in the past. This could be through presentations or reports.
Highlight Leadership Experience: If you have experience managing or mentoring junior team members, make sure to include this in your application. Discuss how you’ve provided leadership and support in previous roles, as this is a desirable trait for the position.
How to prepare for a job interview at AXIS (AXIS Capital)
✨Understand the Role and Responsibilities
Before the interview, make sure you thoroughly understand the job description and responsibilities of the Deputy Head of Modelling Reporting. Familiarise yourself with the key tasks such as updating internal models and collaborating with various teams. This will help you articulate how your experience aligns with their needs.
✨Showcase Your Technical Skills
Given the technical nature of this role, be prepared to discuss your experience with stochastic capital models and any relevant software like Tyche. Highlight specific projects where you've successfully used these tools, as this will demonstrate your capability to handle the technical demands of the position.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and ability to analyse complex data. Prepare examples from your past work where you had to make decisions based on model outputs or collaborate with other teams to achieve a goal. This will showcase your analytical thinking and teamwork abilities.
✨Demonstrate Strong Communication Skills
As the role involves presenting results to management and engaging with various stakeholders, practice explaining complex concepts in simple terms. Be ready to discuss how you’ve effectively communicated findings in previous roles, as strong communication is crucial for success in this position.
