At a Glance
- Tasks: Support pricing initiatives and collaborate with underwriters to develop rating models.
- Company: AXIS Capital, a global leader in insurance and reinsurance.
- Benefits: Comprehensive benefits package including medical plans, wellness programmes, and tuition reimbursement.
- Other info: Opportunity for career growth and exposure to innovative technologies like AI.
- Why this job: Join a high-performing team and make an impact in the insurance industry.
- Qualifications: Degree in a quantitative subject; experience in pricing model development preferred.
The predicted salary is between 60000 - 80000 € per year.
AXIS Capital is a global provider of property and casualty lines insurance and reinsurance, known for outstanding client service, intelligent risk taking, and a disciplined corporate culture.
About the role
This role will focus on supporting the Global Markets property units covering Global Property, Construction (Open Market, Construction Plant and Equipment and Binders), and Property Binders (UK, North America and International). AXIS writes worldwide property business on both syndicate and company paper. The role offers the opportunity to get involved in cross‑divisional pricing initiatives and work alongside different areas of the business. The position reports directly to the Global Markets Property Pricing Lead and provides an opportunity to manage end‑to‑end pricing and portfolio management processes within a high‑performing pricing team.
Responsibilities
- Work closely with underwriters and other actuaries to scope, build, develop, document and maintain rating models and methods; train and support around best practice model use.
- Develop referral criteria for actuarial review of pricing deals based on premiums, strategic importance and/or historic performance of individual deals.
- Provide actuarial pricing recommendations regarding risk selection, contract structure, coverage and pricing for individual deals.
- Collaborate with other actuaries and data consultancy or company.
Requirements
- London Market and pricing background highly desired.
- First class or 2:1 university degree with a background in a quantitative subject e.g. Mathematics, Actuarial and/or Engineering.
- Fellow of the Institute with a strong track record of progress in actuarial examinations to date.
- Competent user of Excel, Word and PowerPoint.
- Good understanding of the standard reserving and pricing methods used in the London Market for open market and delegated authority business, how the London market operates and the key issues and trends.
- Thoroughness, attention to detail, and strong numeracy skills.
- Keen to further technical and market knowledge through own research and CPD/PPD.
What we prefer you to have
- Exposure to coding languages such as R or Python.
- Experience in pricing model development.
- Experience with Power BI to create dashboards.
- Knowledge of application of AI/Machine Learning application to insurance industry.
Role Factors
In this role, you will typically be required to be in the office 3 days per week and as per business needs.
What we offer
You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programmes, retirement plans, tuition reimbursement, paid annual leave, and much more.
Property Pricing Actuary employer: AXIS (AXIS Capital)
AXIS Capital is an exceptional employer, offering a dynamic work environment in the heart of London where innovation meets tradition. With a strong focus on employee development, you will have access to comprehensive benefits, including health and wellness programmes, tuition reimbursement, and opportunities for professional growth within a high-performing pricing team. Join us to be part of a disciplined corporate culture that values intelligent risk-taking and outstanding client service, while collaborating with talented professionals across various divisions.
StudySmarter Expert Advice🤫
We think this is how you could land Property Pricing Actuary
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to current employees at AXIS Capital. A friendly chat can sometimes lead to job opportunities that aren’t even advertised.
✨Show Off Your Skills
When you land an interview, make sure to highlight your technical skills, especially in Excel, R, or Python. Bring examples of your work or projects that demonstrate your ability to develop pricing models and your understanding of the London Market.
✨Ask Smart Questions
During interviews, ask insightful questions about the company’s pricing strategies and how they adapt to market trends. This shows you’re not just interested in the role but also in how you can contribute to their success.
✨Apply Through Our Website
Don’t forget to apply directly through the AXIS Capital website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in being part of their team.
We think you need these skills to ace Property Pricing Actuary
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Property Pricing Actuary role. Highlight your quantitative skills and any relevant experience in pricing models or the London Market. We want to see how your background fits with what we're looking for!
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 your skills align with our needs. Don’t forget to mention any coding experience or knowledge of AI/Machine Learning if you have it!
Showcase Your Technical Skills:We love seeing candidates who are proficient in Excel, R, or Python. Make sure to include any relevant projects or experiences that demonstrate your technical abilities. This will help us understand how you can contribute to our high-performing pricing team.
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s straightforward and ensures your application goes directly to us. Plus, we’re excited to see what you bring to the table!
How to prepare for a job interview at AXIS (AXIS Capital)
✨Know Your Numbers
As a Property Pricing Actuary, you'll need to demonstrate your strong numeracy skills. Brush up on key actuarial concepts and be ready to discuss how you've applied them in previous roles. Prepare examples of pricing models you've developed or worked with, and be ready to explain your thought process.
✨Understand the London Market
Familiarise yourself with how the London Market operates, including current trends and challenges. This knowledge will not only impress your interviewers but also show that you're proactive about understanding the industry. Consider discussing recent developments or news articles related to property insurance during your interview.
✨Showcase Your Technical Skills
If you have experience with coding languages like R or Python, or tools like Power BI, make sure to highlight this in your interview. Be prepared to discuss specific projects where you've used these skills, as they are highly relevant to the role. If you’ve applied AI or machine learning in your work, share those experiences too!
✨Ask Insightful Questions
Interviews are a two-way street, so come prepared with thoughtful questions about the role and the company. Inquire about the team dynamics, ongoing projects, or how the company is adapting to changes in the insurance landscape. This shows your genuine interest and helps you assess if the company is the right fit for you.
