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- Tasks: Lead actuarial projects, develop pricing models, and collaborate with underwriters to optimise risk assessment.
- Company: Join AXIS Capital, a global leader in specialty insurance known for its ethical culture and client service.
- Benefits: Enjoy competitive pay, health plans, wellness programmes, tuition reimbursement, and flexible work options.
- Why this job: Be part of a dynamic team that values innovation, inclusivity, and professional growth in the insurance sector.
- Qualifications: 4+ years in General Insurance actuarial roles; nearly or newly qualified actuary preferred.
- Other info: Work in the office 3 days a week, fostering collaboration and team spirit.
The predicted salary is between 43200 - 72000 £ per year.
Senior Pricing Analyst / Actuary, Professional Lines page is loaded
Senior Pricing Analyst / Actuary, Professional Lines
Apply locations London – Scalpel time type Full time posted on Posted 5 Days Ago job requisition id REQ05925
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. This means that we bring our whole selves to work.
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.
Job Description
How does this role contribute to our collective success?
The Actuarial Pricing department is responsible for developing consistent and market-leading pricing practices within the AXIS Insurance segment and is accountable for Technical Price Modelling, Product Monitoring, Profitability Studies, New Business Due Diligence, Business Planning, and Price Monitoring to support the underwriting teams.
As a member of the actuarial team supporting the International Professional Lines and Casualty business units (subject premium $600m+), this individual will directly contribute toward advancing the pricing and analytical capabilities of the Professional and Casualty Lines practice. They will engage proactively with the underwriting and actuarial management teams to design and maintain models that improve risk selection, pricing sophistication, and portfolio mix.
This individual will be a contributor to the wider Global Professional and Casualty Lines pricing practice and will be embedded with supporting the underwriting functions for the business units. They will take on leading roles in workstreams, project management and communication with business leads. They will proactively engage with Reserving, Risk Management, Finance, Claims, and Data & Analytics colleagues to achieve desired business outcomes and implement business strategies.
Job Responsibilities
What will you do in this role?
The pricing team within the International Division at AXIS Insurance has responsibility for the following:
- Lead actuarial workstreams, projects and communication with business heads.
- Work closely with underwriters to develop rating models and methods, communicating, and explaining the output from pricing tools, and reviewing the pricing and structure of individual deals (usually larger and/or more bespoke risks).
- Align the pricing process with improved capture and modelling of policy exposures to assess aggregations of risk and better inform the technical rating process.
- Conducting detailed segmental reviews within classes of business to objectively assess profitability; provide evidence-based conclusions and recommendations for strategic changes, underwriting actions and portfolio optimisation.
- Monitoring the execution of underwriting changes and assessing the impact of these on the account\’s profile and emerging claims experience.
- Maintain the feedback loop (control cycle) and provision of information and analysis between the pricing, reserving and business planning processes.
- Quantify the technical adequacy of rates required to meet returns on capital.
- Evaluating the impact of market conditions and rate change. Analysis and research into the rating environment and market behaviour within key business lines.
- Input into the business planning process for the AXIS Group and legal entities – primarily to determine gross of reinsurance loss picks, but also to inform assumptions around the efficacy of, and recoverability from, different outwards reinsurance programme structures.
- Work with capital modelling team to improve underwriting risk parameterisation and methodology used in capital model.
- Assist and support the planning process with detailed analysis.
- Assist and support with case pricing.
- Assist with our reinsurance data submission.
- Assist with any other ad-hoc queries that support to the business to reach its desired aims.
- Mentor and guide junior members of the actuarial team.
About You:
- Excellent communication and interpersonal skills; able to establish credibility with senior underwriters, business unit leaders and divisional leadership.
- Thoroughness, attention to detail and diligence
- Self-starter, proactive and a quick learner with strong numeracy skills. Willing to question and investigate.
- Reasonable understanding of the standard reserving and pricing methods used in the London Market, how the market operates and the key issues and trends.
- Keen to further technical and market knowledge through own research and CPD
- Strong data analytical skills – such as data checking, cleaning, understanding, manipulating.
- Competent user of SQL, VBA, Excel, Word, Powerpoint.Programming skills in automation, database management and statistical packages will be a strong advantage.
Key Performance Indicators
- Quality of work – technically sound, well thought-through, and free from errors
- Trust and respect of peers, senior actuarial colleagues and underwriters
- Timeliness of delivery and appropriate prioritising of work.
- Innovation – identification of new methods and opportunities to improve systems, actuarial analysis and processes.
- Passing of actuarial examinations (if applicable)
What you need to have:
- 4+ years experience in a General Insurance actuarial role; consultancy or company.
- Nearly/ Newly Qualified Actuary – FIA, FCAS, FIAA, FSAI
- First class or 2:1 University degree
What we prefer you to have:
- London Market background preferential, ideally experience with Professional Lines or Casualty Lines.
Role Factors:
- Be in the office 3 days per week, or when required.
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 programs, retirement plans, tuition reimbursement, paid annual leave, and much more.
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Senior Pricing Analyst / Actuary, Professional Lines employer: AXIS (AXIS Capital)
Contact Detail:
AXIS (AXIS Capital) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Pricing Analyst / Actuary, Professional Lines
✨Tip Number 1
Familiarise yourself with the latest trends in the London Market, especially within Professional and Casualty Lines. Understanding current market conditions will help you engage more effectively during interviews and demonstrate your proactive approach to industry knowledge.
✨Tip Number 2
Network with professionals in the actuarial field, particularly those working in pricing roles. Attend industry events or webinars to connect with potential colleagues at AXIS Capital, as personal connections can often lead to job opportunities.
✨Tip Number 3
Brush up on your technical skills, particularly in SQL, VBA, and Excel. Being able to showcase your data analytical skills during discussions can set you apart from other candidates and show that you're ready to contribute from day one.
✨Tip Number 4
Prepare to discuss specific examples of how you've improved pricing models or contributed to profitability studies in your previous roles. This will demonstrate your hands-on experience and ability to add value to the team at AXIS.
We think you need these skills to ace Senior Pricing Analyst / Actuary, Professional Lines
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in actuarial roles, particularly in pricing and analysis. Emphasise your familiarity with the London Market and any specific experience with Professional or Casualty Lines.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role at AXIS Capital. Discuss how your skills align with their needs, particularly your ability to lead actuarial workstreams and communicate effectively with underwriters.
Showcase Technical Skills: Clearly outline your technical skills in SQL, VBA, and Excel within your application. Provide examples of how you've used these tools in previous roles to improve pricing models or analyse data.
Highlight Soft Skills: AXIS values excellent communication and interpersonal skills. Make sure to include examples of how you've built credibility with senior colleagues and contributed to team success in your previous positions.
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 a Senior Pricing Analyst / Actuary. Familiarise yourself with key terms like Technical Price Modelling and Profitability Studies, as well as how they relate to the role.
✨Showcase Your Analytical Skills
Be prepared to discuss your experience with data analysis and modelling. Highlight specific projects where you've used SQL, VBA, or Excel to solve complex problems. This will demonstrate your technical proficiency and ability to contribute to the team.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills and decision-making process. Think of examples from your past experience where you had to analyse data, make recommendations, or lead a project, and be ready to explain your thought process.
✨Emphasise Communication Skills
Since the role involves working closely with underwriters and senior management, it's crucial to showcase your communication skills. Prepare examples of how you've effectively communicated complex information to non-technical stakeholders in previous roles.
