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SalaryThis 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.
How does this role contribute to our collective success?
As a trusted contributor on the North America Property Pricing team, you will help support all Property insurance business written in North America. You will engage with underwriters and senior management, through a balanced mix of actuarial discipline and business skills, to ensure AXIS’ profitable growth trajectory into a top quintile market leader.
What will you do in this role?
- Working closely with underwriters to develop rating models and methods, communicating and explaining the output from pricing tools, and reviewing the pricing and structure of individual deals (usually larger and/or more unusual risks).
- Align the pricing process with improved capture and modelling of policy exposures to assess aggregations of risk and better inform the technical rating process.
- Conducting detailed segmental reviews within classes of business to objectively assess profitability; provide evidence-based conclusions and recommendations for strategic changes, underwriting actions and portfolio optimization.
- Monitoring the execution of underwriting changes and assessing the impact of these on the account’s profile and emerging claims experience.
- Maintain the feedback loop and provision of information and analysis between the pricing, reserving and business planning processes.
- Quantify the technical adequacy of rates required to meet returns on capital.
- Evaluating the impact of market conditions and rate change. Analysis and research into the rating environment and market behavior within key business lines.
- Input into the business planning process for the AXIS Group and legal entities – primarily to determine gross of reinsurance loss picks, but also to inform assumptions around the efficacy of, and recoverability from, different outwards reinsurance program structures.
- Work with capital modelling team to improve underwriting risk parameterization and methodology used in capital model.
About You:
Required Qualifications and Experience
- At least 3-5 years’ experience in a General Insurance actuarial role; consultancy or company. Property background preferential.
- Student member of the Casualty Actuarial Society or equivalent professional body.
- Excellent academic track record in actuarial exams, mathematics or a related discipline.
Skillset
- Excellent communication and interpersonal skills; able to establish credibility with senior underwriters, business unit leaders and divisional leadership.
- Thoroughness, attention to detail and diligence.
- Self-starter, proactive and a quick learner with strong numeracy skills. Willing to question and investigate.
- Reasonable understanding of the standard reserving and pricing methods used in property insurance, how the market operates and the key issues and trends.
- Keen to further technical and market knowledge through own research and Continuing Education.
- Competent user of Microsoft Excel and SQL.
- Programming skills in R or Python will be a huge plus.
Role Factors:
- Show continued progress on actuarial exams.
- Open to business travel to other local offices (e.g. Alpharetta).
What we offer:
For this position, we currently expect to offer a base salary in the range of 120,000 to 165,000 (NY), 110,000 to 155,000 (GA). Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location. In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate performance and your individual performance. On top of this, 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 vacation, and much more.
