Job Description

:

In this role you will report to and support the Head of Pricing for Political Risk, Credit and Bond, and Structured Risk Solutions (SRS), in all aspects of global SRS pricing, and be a part of the wider global Specialty pricing team. SRS is also commonly known as Alternative Risk Transfer. You will be responsible for all SRS pricing at AXA XL, with the key aspect being to contribute to the underwriting process by providing an independent technical premium for SRS deals to all SRS underwriters globally.



This role is a unique opportunity to support the future growth of SRS at AXA XL in a commercial role, working closely with underwriters, while leveraging your actuarial experience and keeping abreast with all lines of business. AXA XL writes a growing Alternative Risk Transfer portfolio and is planning significant growth over the next few years. You will support underwriters in all aspects of pricing work, which initially will mostly consist of case pricing and improving the proprietary SRS model. Given the bespoke nature of each risk, SRS is 100% case priced.



This is the first dedicated SRS Pricing role in AXA XL. You will work with other teams, including Pricing actuaries from other lines of business, to establish an efficient and appropriate pricing process. You will have exposure to both the Underwriting and Actuarial leadership teams and will be required to be able to work independently.

What

you'll be doing

---------------------------


What will your essential responsibilities include?

Actuarial Pricing Analysis Underwriting and Pricing Tools + Conduct case pricing for deals as required by underwriters. Structured Risk Solutions is 100% case priced and underlying risks can include any line of business, incl. property, casualty, cyber, etc., or completely non-traditional risks. These may be experience rated, exposure rated using traditional LOB information, or both. This might involve liaising with other LOB actuaries to obtain relevant benchmark data, while working to deal timelines. + Maintenance and development of the stochastic SRS pricing model, along with improvement of the pricing process
+ Obtaining and periodically updating relevant benchmark information.
+ Provide training and guidance to underwriters on pricing model
+ Review and monitoring of underwriting metrics
+ Collaborate with the analytics team on improving the pricing model based on new data sources and analytical techniques.


Colleague Interactions

Represent pricing and analytics in SRS product meetings on behalf of the Head of Pricing for PRCB and SRS. Coordinate with the Global Product Pricing Actuaries to ensure consistency in pricing Understand data and processes and propose improvements that will enhance analysis and efficiency of the pricing process in a manner that is commensurate to the profit opportunity. Reinsurance Analysis, Risk Management and Regulatory Support Quarterly and ad hocmonitoring of cat aggregations within SRS portfolio


You will report to the Head of Pricing, PRCB and SRS.

What

you'll bring

------------------------

We're looking for someone who has these abilities and skills:

Significant case pricing experience across a range of non-life (re)insurance lines of business, including long-tail and short-tail lines. Pricing of either Alternative Risk Transfer or reinsurance is not required but would be of benefit. Comfortable with stochastic models Proficiency in Excel and experience of programming in Python or R or SQL Understanding of catastrophe models Qualified actuary (FIA or equivalent) Influencing and negotiating skills Leadership skills to work collaboratively with colleagues across functions to build consensus. Proven analytical skills Effective at communicating complex ideas The ability to think strategically and apply critical thinking to solve problems

What

we

offer

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Inclusion

AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture and enables business growth and is critical to our success. That's why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential. It's about helping one another -- and our business -- to move forward and succeed.



Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe. Robust support for Flexible Working Arrangements Enhanced family-friendly leave benefits Named to the Diversity Best Practices Index Signatory to the UK Women in Finance Charter


Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.

Total Rewards

AXA XL's Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.



We're committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.

Sustainability

At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called "Roots of resilience", focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.



Our Pillars:

Valuing nature:

How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society - are essential to our future. We're committed to protecting and restoring nature - from mangrove forests to the bees in our backyard - by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.

Addressing climate change:

The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.

Integrating ESG:

All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We're training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.

AXA Hearts in Action

: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL's "Hearts in Action" programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day - the Global Day of Giving.


For more information, please see axaxl.com/sustainability.

Who

we

are

--------------------


AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don't just provide re/insurance, we reinvent it.



How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business property, casualty, professional, financial lines and specialty.



With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.



Learn more at axaxl.com