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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.
SUMMARY
The Actuarial Pricing department is responsible for developing consistent and market-leading pricing practices within the AXIS Insurance segment and is accountable for Technical Price Modelling, Product Monitoring, Profitability Studies, New Business Due Diligence, Business Planning, and Price Monitoring to support the underwriting teams.
As a member of the actuarial team supporting the North American Professional Lines business units (subject premium $500m+), this individual will directly contribute toward advancing the pricing and analytical capabilities of the Professional Lines practice. He/she will engage proactively with the underwriting and actuarial management teams to design and maintain models that improve risk selection, pricing sophistication, and portfolio mix.
This individual will be a contributor to the wider Global Professional Lines pricing practice and will be embedded with supporting the underwriting functions for the business units. He/she will proactively engage with Reserving, Risk Management, Finance, Claims, and Data & Analytics colleagues to achieve desired business outcomes and implement business strategies.
The Actuarial Pricing department is responsible for developing consistent and market-leading pricing practices within the AXIS Insurance segment and is accountable for Technical Price Modelling, Product Monitoring, Profitability Studies, New Business Due Diligence, Business Planning, and Price Monitoring to support the underwriting teams.
As a member of the actuarial team supporting the North American Professional Lines business units (subject premium $500m+), this individual will directly contribute toward advancing the pricing and analytical capabilities of the Professional Lines practice. He/she will engage proactively with the underwriting and actuarial management teams to design and maintain models that improve risk selection, pricing sophistication, and portfolio mix.
This individual will be a contributor to the wider Global Professional Lines pricing practice and will be embedded with supporting the underwriting functions for the business units. He/she will proactively engage with Reserving, Risk Management, Finance, Claims, and Data & Analytics colleagues to achieve desired business outcomes and implement business strategies.
KEY RESPONSIBILITIES
- Support the North American Professional Lines Business Units through profitability studies, price monitoring, planning, individual account pricing and new opportunity analyses with an immediate leadership for the Canadian Business Units.
- Support the development, validation, and maintenance of a suite of technical pricing models across the various professional and liability lines products which enable:
- Technical pricing of individual risks
- Direct capture of rate and exposure changes from prior terms
- Production of pricing loss ratios by class
- Assessment of individual risk rate adequacy
- Recommend and introduce more technical and detailed price monitoring analyses and work with operations to improve the reporting capability.
- Synthesise information across subject areas and present conclusions to individual line underwriting leaders as well as divisional management
- Contribute to the selection of expected loss ratios for financial planning in consideration of business strategies, market conditions, mix of business, loss trend, loss costs and reinsurance structures.
- Collaborate with Data and Analytics colleagues to maintain and improve current predictive models.
- Develop, support, and maintain key risk assumptions by class, and integrate advanced risk-based metrics into individual risk pricing and portfolio measurement
- Recommend and assist with the implementation of more comprehensive data capture
- At least 3-6 years insurance industry experience.
- Progressing towards Associate of the Casualty Actuarial Society, or other relevant actuarial organization.
- Knowledge of analytical tools such as SQL to maintain databases and data queries. Familiarity with R or Python a plus.
- Strong ability to develop, recommend and implement new approaches.
- Self-starter, proactive with proven thought leadership.
- Excellent communication skills, interpersonal skills, and ability to establish credibility with senior underwriters and business unit leaders.
- Familiarity with Professional & Management Liability insurance products a plus.
For this position, we currently expect to offer a base salary in the range of $123-160K (NY) preferred location is NY, but other locations will be considered. The specific salary offer will be based on an assessment of a variety of factors including the experience of the successful candidate and their work location.
In addition, all employees are eligible for competitive incentive targets, with awards based on overall corporate and individual performance. On top of this, 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.
