Capital Modelling Actuary

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.

Capital Modelling Department

This role works within the Capital Modelling team, focusing on the Internal Model, which is built on the Tyche software platform. Responsibilities include updating, developing, and validating the internal model, as well as delivering Lloyd’s capital assessments and other model uses required to support the business.

Job Responsibilities

• 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
• Analyzing investment strategy
• Allocating capital and analyzing return on capital
• Undertaking ad hoc investigations where required
• Supporting other members of the capital team in calculation of regulatory capital for AXIS’s Lloyd’s syndicates

Model Updates, Development, Validation & Documentation

• Carrying out model updates and developing the internal model to appropriately reflect the business being written
• Analyzing 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

• 5+ years of in‑depth experience in an actuarial risk environment
• 2+ years of capital modelling experience

Other Desired Skills & Characteristics

• Highly computer literate, able to use spreadsheets, databases and learn the use of new systems
• Experience in using Tyche
• Additional coding experience is a plus
• Enthusiasm to ask questions and fully understand the work we carry out and its implications for the business
• Capable of developing and maintaining effective relationships at all levels
• Excellent communication skills, both oral and written
• Ability to plan effectively and organise and prioritise workload; strong attention to detail
• Ability to structure analyses and modelling coherently and clearly

Role Factors

Be in the office 3 days per week. Rewarding. Challenging. Meaningful. 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.

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.