At a Glance
- Tasks: Support the Corporate Reserving team with quarterly reserving processes and tool enhancements.
- Company: Join AXIS Capital, a global leader in specialty insurance and reinsurance with a strong ethical culture.
- Benefits: Enjoy competitive benefits including medical plans, wellness programs, tuition reimbursement, and paid leave.
- Why this job: Be part of a dynamic team focused on innovation and inclusivity in a supportive work environment.
- Qualifications: Bachelor’s degree and 8 years of experience in insurance or consulting; actuarial qualifications preferred.
- Other info: Work in the office 2 days a week while enjoying a flexible and collaborative atmosphere.
The predicted salary is between 43200 - 72000 £ 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.
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.
How does this role contribute to our collective success? Reporting into the Corporate Reserving lead, this position will provide actuarial support for the Corporate Reserving team, coordinating the quarterly reserving process for AXIS Group and liaising with various Product and Corporate functions. The Corporate Reserving team supports various reserving areas including our Product Line and Regulatory teams and will have exposure to all lines of business written by AXIS. This role will be a primary contributor to efforts focused on improving our existing reserving processes and platforms including tool enhancements, expansion, and redesign. You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.
What will you do in this role?
- Reserving: Assist in producing the AXIS quarterly reserving estimates. Assist with the peer review of the Product Line quarterly reserve analyses and validation of the selected actuarial estimates and methods. Coordinate reserve meetings for the quarterly reserving process. Develop new diagnostics tools and reports to improve the quarterly process and provide MI to colleagues across AXIS. Review the existing suite of AXIS reserving tools and identify opportunities for enhancement including possibly shifting from the status quo to future state platforms. Partner with BTS to design and implement enhancement plans and act as a first point of contact for review and testing of BTS supported solutions.
- Other: Perform additional project work including deep dives of specific lines of business. Assist in the annual Planning exercise, liaising closely with Pricing and Risk Functions. Provide support for other Group Functions (Finance, Risk, Investments) as required. Manage a small team of actuarial and analytical focused individuals with varying levels of experience and skillsets.
About You: We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences we need you to have, 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:
- REQUIRED EDUCATION/TRAINING & EXPERIENCE: A person in this position should meet the following requirements: Bachelor’s degree or equivalent experience. At least eight years of industry experience with an insurance, reinsurance, or consulting background in reserving, pricing, or modelling roles. Qualified/near qualified as a Fellow of the Institute and Faculty of Actuaries, or equivalent.
What we prefer you to have:
- OTHER DESIRED SKILLS & CHARACTERISTICS: Experience with management information systems is a plus (e.g., database and application development). Intermediate to advanced Excel, SQL Server, VBA capabilities; additional experience with ResQ, PowerBI, Tableau, and/or Oracle or similar applications is a plus. Strong communication and interpersonal skills. Self starter, proactive and prepared to operate autonomously. Ability to develop, recommend and implement new approaches. Ability to work occasional extended hours as required. Excellent organizational skills and a strong attention to detail as well as communication and interpersonal skills.
Role Factors: In this role, you will be required to be in the office 2 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.
Corporate Reserving Actuary employer: AXIS Capital
Contact Detail:
AXIS Capital Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Corporate Reserving Actuary
✨Tip Number 1
Familiarise yourself with AXIS Capital's corporate culture and values. Understanding their commitment to client service and ethical practices will help you align your responses during interviews, showcasing how you fit into their team.
✨Tip Number 2
Network with current or former employees of AXIS Capital on platforms like LinkedIn. Engaging in conversations about their experiences can provide valuable insights and potentially lead to referrals, which can significantly boost your chances of landing the job.
✨Tip Number 3
Brush up on your technical skills, especially in Excel, SQL Server, and any relevant actuarial software mentioned in the job description. Being able to demonstrate your proficiency in these areas during discussions can set you apart from other candidates.
✨Tip Number 4
Prepare specific examples of past projects where you've improved processes or developed new tools. Highlighting your proactive approach and ability to work autonomously will resonate well with the hiring team at AXIS Capital.
We think you need these skills to ace Corporate Reserving Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in reserving, pricing, or modelling roles. Emphasise your qualifications as a Fellow of the Institute and Faculty of Actuaries, and include any specific projects that demonstrate your skills in actuarial support.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for joining AXIS Capital and how your background aligns with their values of client service and ethical culture. Mention your experience with management information systems and any tools like Excel, SQL Server, or PowerBI that you are proficient in.
Showcase Your Team Management Skills: If you have experience managing teams, be sure to highlight this in your application. Discuss how you've successfully led individuals with varying skill sets and how you foster an inclusive environment, which aligns with AXIS's commitment to diversity.
Demonstrate Problem-Solving Abilities: Provide examples in your application of how you've developed new diagnostic tools or improved existing processes in previous roles. This will show your proactive approach and ability to implement new strategies, which is crucial for the Corporate Reserving Actuary position.
How to prepare for a job interview at AXIS Capital
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Corporate Reserving Actuary. Familiarise yourself with the quarterly reserving process, the tools used, and how this role contributes to the overall success of AXIS Capital.
✨Showcase Your Technical Skills
Highlight your experience with Excel, SQL Server, and any other relevant software like ResQ or PowerBI. Be prepared to discuss specific projects where you've used these tools to improve processes or outcomes.
✨Demonstrate Communication Skills
Since this role involves liaising with various teams, be ready to showcase your strong communication and interpersonal skills. Prepare examples of how you've effectively communicated complex information in previous roles.
✨Emphasise Team Management Experience
If you have experience managing a team, be sure to discuss it. Talk about how you've supported team members with varying skill levels and how you foster an inclusive environment, aligning with AXIS's corporate culture.