P&C Actuarial Analyst - (M/F)

The Group P&C Actuarial Function is looking for an experienced P&C actuary to strengthen the team and advance it to the next level of expertise and technical excellence.

Our purpose:

Whatever their stage of life, we provide over 108 million customers with the products and services they need to progress. From insurance to personal protection, and savings to wealth management, no matter the need we’re always there for them. And we’re always there for our employees. In 50 countries, we work hard to inspire pride and a sense of belonging in our people. To provide opportunities that challenge them, inspire them, and reward them. And to create a culture that’s open, supportive, and empowering. Because we know that’s the real secret to success – and the best way for us to keep building a better world for both our customers and the talented people who put them first.

Work Environment:

The headquarters of the AXA Group (GIE AXA) brings together our corporate activities. It provides guidance and support to subsidiaries around the world, to ensure the coordination and monitoring of the Group's global strategy, the application of its standards, the consistency of commercial approaches and the sharing of best practices. The headquarters gathers approximately 1000 employees and is distinguished by its strong international culture (45 nationalities), which makes it a rich and stimulating place to work.

Who are we?

Within the Finance Department, we - the P&C Actuarial team - have the following missions:

• Support the Group and its entities in setting, monitoring, and delivering ambitious financial performance to be achieved through sustainable levers and adequate actuarial practices.
• Fullfill the regulatory role of the Actuarial Function, i.e., to provide an opinion on reserving, underwriting and reinsurance.

P&C activities represent about €50bn of revenues, split between retail Lines at 40% and Commercial Lines at 60%. Group P&C Technical Reserves represent c. €100bn, split between ~20 countries and ~40 entities.

What will your role be? Your responsibilities:

• Performance management:
  • Monthly monitoring of the P&C profitability
  • Monitoring of the Economic Combined Ratio, one of the core risk based profitability metrics 
    • Define methodology and profitability metrics.
    • Analyze business profitability and its evolution
    • Communicate the key outcome to the top management (Forecast, HY and FY closing)
• Reserves
  • Semi Annual review of P&C technical reserves
  • improvement and development of the analyses and methodologies needed to assess and monitor the adequacy of the reserves
• Transversal view for a given geography: Provide a transversal view on actuarial topics of a given geography while facilitating the relationship/exchanges with entities, and with the other Group teams. This includes
  • Global understanding of the business dynamics of the entities in scope
  • Performance management for the entities in scope o Review and challenge the level of reserves twice a year
  • Understanding of the reinsurance strategy and impact
  • Develop a strong relationship with the local teams to ensure smooth communication
• Regular in-depth analyses of some major risks and uncertainties with the impact on all actuarial dimensions: Pricing, underwriting, reinsurance and reserves (e.g. deep dive on subsidence risk)
• Regulatory role
  • Provide an opinion (i) on the overall underwriting policy, (ii) on the adequacy of reinsurance arrangement, and (iii) coordinate the calculation of the technical provisions, ensure the appropriateness of underlying models and methodologies.
• Actuarial Community
  • Participate actively to the community of Chief Actuaries.
  • Boost collaborative model across Actuarial and Financial families. Foster innovation and continue to build strong partnerships with Academics and AXA Research Fund

You are an experienced actuary, you are curious and you like to challenge and be challenged. Explaining complex topics with structure and using simple language is natural for you. You do not take statements at face value, and are driven to understand the underlying dynamics. You have passion to analyze, make links and provide your opinion on the calculation of technical provisions and/or the profitability of products. You don’t shy away from joining forces with other teams to improve the level of expertise.

Technical and professional skills:

• Strong P&C Actuarial Skills
• Experience in using Excel as well as actuarial and statistical software: Knowledge of reserving softwares such as ResQ, IBNRS is a plus.

Soft skills:

• Capacity to deal with a wide diversity of situations, to build meaningful overviews as well as performing deep dives on technical matters
• Strong skills in communication (oral & written); Ability to present simply complex principles; Capacity to present arguments to defend a position
• Enjoy teamwork and working together with different teams, different personal styles and cultures
• Organized, precise and rigorous
• Language: English (Fluent), French (a plus)

Experience:

• Actuary or equivalent
• Minimum 4 years of experience dealing with P&C pricing, reserving and/or reinsurance. Previous international exposure is a plus.

If you wish to give your career a new dimension within an international and dynamic team, you are very welcome to apply online!

Why AXA ? Every day, we work together for human progress by protecting what matters. A mission that puts a smile on your face and makes you want to get up in the morning !

One of the world's leading insurers in the protection of property, people and assets, AXA is 145,000 employees and contributors who are committed to our customers on a daily basis, 51 countries in which we distribute our products and services and more than 90 million customers who place their trust in us worldwide.  As a responsible corporate citizen, AXA is committed to social and environmental causes on a daily basis. We are committed to an inclusive policy that recognizes and values individual differences. Do these ambitions speak to you ? Then come and change the world with us !

The headquarters of the AXA Group is based in Paris - La Défense (Majunga Tower) and brings together the Group's corporate activities. It is distinguished by its strong international culture.

You will join:

• A responsible company, towards people, including its employees and customers, and towards the planet 
• A company with strong values
• A company promoting internal mobility and the training of its employees
• A company offering many benefits (learn more here: Reward & Benefits | AXA Group)
• A flexible company, allowing hybrid work, in the office and from home.

The information provided by applicants will be treated as strictly confidential and used for recruitment purposes only.