At a Glance
- Tasks: Join AXIS Capital to enhance the quarterly reserving process and support business planning.
- Company: AXIS Capital, a global leader in specialty lines insurance and reinsurance.
- Benefits: Comprehensive benefits package including medical plans, wellness programs, and tuition reimbursement.
- Other info: Flexible work environment with a focus on collaboration and innovation.
- Why this job: Make a real impact in a supportive and inclusive environment with growth opportunities.
- Qualifications: Bachelor’s degree in a quantitative field and progress towards actuarial qualifications.
The predicted salary is between 60000 - 80000 £ 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.
This role is a member of the AXIS reserving team and assists in performing and enhancing quarterly reserving process. This role has particular responsibility to support the growth of the Axis Capacity Solutions segment as well as supporting planning and reporting in the wider syndicate business.
What will you do in this role?
- Portfolios Quarterly Reserving & Business Partnering: Be embedded in the quarterly reserving process for the portfolio solutions and programmes written in the Axis Capacity Solutions and Global Markets divisions. Support the selections of initial expected loss ratios by evaluating trend and rate change experience, working closely with pricing actuaries for business planning and other ad hoc tasks. Perform actual versus expected analyses, including explanation of large movements during the quarter. Review and present quarterly underwriting year and accident year exhibits to divisional, segmental, and group reserve management. Participate in ad-hoc reserve and profitability studies on specific lines of business, including analysis of underwriting and claim trends, shifts in mix of business, changes in limits or retentions, and examination of loss and premium development patterns. Assist with the analysis of new business opportunities and expansion of current business.
- Business Planning: Active engagement in all aspects of the business planning process for the portfolio solutions and programmes written in the Axis Capacity Solutions and Global Markets divisions. Provide support for Lloyd’s business planning process including loss ratio selection for the SBF. Ad-hoc support for business planning activity on other business lines as required.
- Quarterly Reporting Process: Ensuring accurate booking of IBNR in both the GAAP and Lloyd’s ledgers for portfolios and programmes business. Responsibility for running the IBNR booking process for the Lloyd’s booking process, supporting process enhancement activities as required.
You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.
About You
We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.
What you need to have:
- Bachelor’s Degree in Maths, Accounting, Economics, Statistics, Business, Risk Management, or a similar field which demonstrates an affinity and talent for quantitative analysis.
- Part / Qualified actuary (FIA/ACAS/Other Actuarial bodies) making progress through exams.
- Knowledge of Microsoft Excel, SQL and RESQ would be preferable.
- Excellent organizational skills and a strong attention to detail.
- Ability to prioritise tasks and work on multiple projects simultaneously.
- Self-starter and willing to think about ways to improve areas when needed.
- Strong communication and presentational skills, being able to talk through technical concepts with a non-technical audience.
Role Factors: In this role, you will typically be required to be in the office 3 days per week.
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.
Senior Reserving Analyst/Reserving Actuary employer: AXIS (AXIS Capital)
At AXIS Capital, we pride ourselves on being a leading global provider of specialty lines insurance and reinsurance, offering an inclusive and empowering work environment that values diversity and individual contributions. Our entrepreneurial culture fosters professional growth through comprehensive benefits, including health and wellness programmes, tuition reimbursement, and a commitment to ethical practices, making us an exceptional employer for those seeking meaningful careers in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Reserving Analyst/Reserving Actuary
✨Dive Into Industry Networking Events
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We think you need these skills to ace Senior Reserving Analyst/Reserving Actuary
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at AXIS (AXIS Capital).
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at AXIS (AXIS Capital). Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at AXIS (AXIS Capital)
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at AXIS (AXIS Capital) to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at AXIS (AXIS Capital), they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding AXIS (AXIS Capital)'s values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
