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For Companies At a Glance
- Tasks: Join the Capital Modelling team to support internal model updates and risk assessments.
- Company: AXIS Capital is a global leader in specialty insurance and reinsurance, known for its client service and ethical culture.
- Benefits: Enjoy remote work options, health plans, wellness programmes, tuition reimbursement, and paid vacation.
- Why this job: Be part of a dynamic team shaping the future of insurance while developing your skills in a supportive environment.
- Qualifications: 1+ year experience in actuarial risk; strong computer skills and attention to detail required.
- Other info: Work in the office 3 days a week and engage with diverse teams across the company.
The predicted salary is between 28800 - 48000 £ 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 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
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.
This includes updating and developing the internal model, delivering Lloyd’s capital assessments and other model uses required to support the business.
Job Responsibilities
Model Use
- Monitoring and reporting of AXIS’ risk profile
- Completing management and regulatory reports
- Collaborating with ceded reinsurance and third-party capital teams to assess outwards reinsurance/retro arrangements
- Pricing of internal reinsurance covers
- Allocating capital and analysing return on capital
- Undertaking ad hoc investigations where required
- Carrying out model updates and developing the internal model to appropriately reflect the business being written
- 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
- Maintaining documentation on the rationale for selection and alteration of parameters within the model
- Ensuring that all actuarial aspects of internal model validation are met, and evidence is available for relevant stakeholders
Leadership and relationships
- Presenting and explaining results and decisions to management.
- Engaging with other teams and stakeholders to ensure timely delivery of results.
- Working alongside and sharing knowledge with other members of the capital team
About You
Required Qualifications and Experience:
- Minimum of 1+ year’s in-depth experience, ideally in an actuarial risk environment.
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 is preferred but not essential
- 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.
Role Factors
In this role, you will typically be required to:
- Be in the office 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.
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Actuarial Analyst employer: AXIS Capital
Contact Detail:
AXIS Capital Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Analyst
✨Tip Number 1
Familiarise yourself with the Tyche software platform, as it's crucial for the role. Consider taking online courses or tutorials to enhance your understanding and demonstrate your initiative.
✨Tip Number 2
Network with professionals in the actuarial field, especially those who work in capital modelling. Attend industry events or join relevant online forums to gain insights and make connections that could help you stand out.
✨Tip Number 3
Brush up on your communication skills, as you'll need to present complex results clearly to management. Practising explaining technical concepts to non-experts can be a great way to prepare.
✨Tip Number 4
Stay updated on industry trends and regulatory changes affecting the insurance and reinsurance sectors. This knowledge will not only help you in interviews but also show your genuine interest in the field.
We think you need these skills to ace Actuarial Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Actuarial Analyst position at AXIS Capital. Understand the key responsibilities and required qualifications to tailor your application accordingly.
Highlight Relevant Experience: In your CV and cover letter, emphasise any relevant experience you have in actuarial risk environments. Mention specific projects or tasks that align with the responsibilities listed in the job description, such as capital modelling or risk assessment.
Showcase Technical Skills: AXIS Capital values technical proficiency. Be sure to highlight your computer literacy, especially with spreadsheets and databases. If you have experience with capital modelling software like Tyche, mention it prominently.
Communicate Clearly: Since excellent communication skills are essential for this role, ensure that your application is well-structured and free of errors. Use clear language to convey your thoughts and experiences, making it easy for the hiring team to understand your qualifications.
How to prepare for a job interview at AXIS Capital
✨Understand the Role and Responsibilities
Make sure you thoroughly understand the job description and responsibilities of an Actuarial Analyst at AXIS Capital. Familiarise yourself with capital modelling, risk assessment, and the Tyche software platform, as these are crucial to the role.
✨Showcase Your Technical Skills
Be prepared to discuss your experience with spreadsheets, databases, and any capital modelling software you've used. If you have coding experience, highlight it, as it can set you apart from other candidates.
✨Demonstrate Effective Communication
Since the role involves presenting results and engaging with various teams, practice explaining complex actuarial concepts in simple terms. This will show your ability to communicate effectively with both technical and non-technical stakeholders.
✨Ask Insightful Questions
Prepare thoughtful questions about the company culture, team dynamics, and the specific challenges faced by the Capital Modelling team. This demonstrates your enthusiasm for the role and helps you assess if AXIS is the right fit for you.
