Address
Form of work Head of Property, Cyber & Short tailed, Americas
NYC or Hartford | United States
At AXA XL, our Reserving Actuaries have the unique opportunity to interface globally with varied business teams including underwriting, claims, operations, reinsurance, and information technology. Using your focused technical knowledge, in direct coordination with our teams of experienced actuaries and underwriters, you will develop a strong understanding of the diverse markets served by the North America Insurance Business Group at AXA XL.
By digging deep into the business and providing forward-looking insights, you will have direct impact on strategic business initiatives. Using market leading analytical tools, you will ensure that approaches and trends in ratemaking, planning, and forecasting result in reserve adequacy across varied commercial lines of business. While each day and situation bring new challenges, our reserving actuaries effectively develop solutions to complex problems by taking ownership of the reserving process ensuring AXA XL can meet financial obligations.
Through your reserving initiatives in multiple growth segments, you will be task-focused on providing insightful business intelligence, providing oversight on global reserving initiatives to enable AXA XL to react more quickly to emerging trends within the market.
DISCOVER your opportunity
Key responsibilities of this role are:
• Reporting to the Chief Actuary and supporting ad-hoc profitability reviews, business planning, financial reporting and any special projects.
• Responsible for managing Underwriting Unit Actuaries; direct management of two underwriting unit actuaries and coordinating a wider team of four to five actuaries.
• Leading and being responsible for several Property & Short tailed driven underwriting units with over $1bn of premium. Including North America Property, Crop, US Programs, and a growing Cyber portfolio. The list may evolve over time.
• Developing quarterly reserve indications while proactively evaluating and retrospectively reviewing reserve performance.
• Developing actuarial valuations for new and evolving lines of business.
• Building effective relationships with key stakeholders / business partners in finance and underwriting by acting as a consultative business partner in influencing business decisions.
• Supporting strategic actuarial initiatives by providing in-depth timely, insightful, relevant, and reliable business intelligence.
• Reviewing actuarial reports and exhibits on business unit results to focus resources on emerging risk areas.
• Working directly with actuarial corporate and financial reporting teams around the globe.
• Staying abreast of current trends and changes in the functional areas that may impact the actuarial analysis.
SHARE your talent
SHARE your talent
We're looking for someone who has these abilities and skills:
• At least 10 years of actuarial work experience within the property and casualty insurance or reinsurance industry.
• Experience managing one or more actuaries is preferred.
• Accredited Actuary from the Casualty Actuarial Society (CAS), or equivalent organization; candidates with a demonstrated history of exam success will be considered.
• Bachelor's Degree in Actuarial Science, Mathematics, Applied Math, Statistics, or related field.
• Excellent written and verbal communication skills, including the ability to communicate clearly and concisely with internal and external clients who have varying levels of actuarial knowledge.
• Demonstrated time management skills, including the ability to handle multiple simultaneous tasks.
• Excellent interpersonal skills, especially the ability to work well within our collaborative team environment.
• Strong analytical and research skills with exposure to a variety of business productivity software.
• Strong Excel and Microsoft Office skills for data extraction, manuipulation, reporting, documentation, and presentations.
• Exposure to VBA, SQL, or other business intelligence tools.
• Exposure to reserving methods and tools to structure, access, and manage data sets for modeling and managing risk.
• Preferred experience with ResQ, the industry-leading loss reserving system, or similar actuarial modeling software used for reserving, ratemaking, pricing, modeling, or data analysis.
• Ability to hit the ground running yet comfortable asking questions in order to develop business knowledge and effective solutions.
FIND your future
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 strong 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
Diversity & Inclusion
We know that a diverse workforce and inclusive culture enable business growth and are critical to our success. That's why we have made a strategic commitment to attracting and retaining the most diverse workforce possible, while creating a strong, inclusive culture where everyone is welcome and can contribute and reach their highest potential.
• Named to the Diversity Best Practices Index - 2017, 2018
• Signatory to the CEO Action for Diversity
• Signatory to the UK Women in Finance Charter
• Twelve Colleague Resource Groups around the Globe
• Robust support for Flexible Working Arrangements
• Enhanced family friendly leave benefits
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:
For more information, please see Sustainability at AXA XL .
The U.S. pay range for this position is $118,500 - $233,000. Actual pay will be determined based upon the individual's skills, experience, and location. We strive for market alignment and internal equity with our colleagues' pay.
At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits. Wealsobelieve in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers. For more details aboutAXA XL's benefits offerings, please visit US-Benefits-at-a-Glance_2023_US.pdf (myaxaxlbenefits.com) .
NYC or Hartford | United States
At AXA XL, our Reserving Actuaries have the unique opportunity to interface globally with varied business teams including underwriting, claims, operations, reinsurance, and information technology. Using your focused technical knowledge, in direct coordination with our teams of experienced actuaries and underwriters, you will develop a strong understanding of the diverse markets served by the North America Insurance Business Group at AXA XL.
By digging deep into the business and providing forward-looking insights, you will have direct impact on strategic business initiatives. Using market leading analytical tools, you will ensure that approaches and trends in ratemaking, planning, and forecasting result in reserve adequacy across varied commercial lines of business. While each day and situation bring new challenges, our reserving actuaries effectively develop solutions to complex problems by taking ownership of the reserving process ensuring AXA XL can meet financial obligations.
Through your reserving initiatives in multiple growth segments, you will be task-focused on providing insightful business intelligence, providing oversight on global reserving initiatives to enable AXA XL to react more quickly to emerging trends within the market.
DISCOVER your opportunity
Key responsibilities of this role are:
• Reporting to the Chief Actuary and supporting ad-hoc profitability reviews, business planning, financial reporting and any special projects.
• Responsible for managing Underwriting Unit Actuaries; direct management of two underwriting unit actuaries and coordinating a wider team of four to five actuaries.
• Leading and being responsible for several Property & Short tailed driven underwriting units with over $1bn of premium. Including North America Property, Crop, US Programs, and a growing Cyber portfolio. The list may evolve over time.
• Developing quarterly reserve indications while proactively evaluating and retrospectively reviewing reserve performance.
• Developing actuarial valuations for new and evolving lines of business.
• Building effective relationships with key stakeholders / business partners in finance and underwriting by acting as a consultative business partner in influencing business decisions.
• Supporting strategic actuarial initiatives by providing in-depth timely, insightful, relevant, and reliable business intelligence.
• Reviewing actuarial reports and exhibits on business unit results to focus resources on emerging risk areas.
• Working directly with actuarial corporate and financial reporting teams around the globe.
• Staying abreast of current trends and changes in the functional areas that may impact the actuarial analysis.
SHARE your talent
SHARE your talent
We're looking for someone who has these abilities and skills:
• At least 10 years of actuarial work experience within the property and casualty insurance or reinsurance industry.
• Experience managing one or more actuaries is preferred.
• Accredited Actuary from the Casualty Actuarial Society (CAS), or equivalent organization; candidates with a demonstrated history of exam success will be considered.
• Bachelor's Degree in Actuarial Science, Mathematics, Applied Math, Statistics, or related field.
• Excellent written and verbal communication skills, including the ability to communicate clearly and concisely with internal and external clients who have varying levels of actuarial knowledge.
• Demonstrated time management skills, including the ability to handle multiple simultaneous tasks.
• Excellent interpersonal skills, especially the ability to work well within our collaborative team environment.
• Strong analytical and research skills with exposure to a variety of business productivity software.
• Strong Excel and Microsoft Office skills for data extraction, manuipulation, reporting, documentation, and presentations.
• Exposure to VBA, SQL, or other business intelligence tools.
• Exposure to reserving methods and tools to structure, access, and manage data sets for modeling and managing risk.
• Preferred experience with ResQ, the industry-leading loss reserving system, or similar actuarial modeling software used for reserving, ratemaking, pricing, modeling, or data analysis.
• Ability to hit the ground running yet comfortable asking questions in order to develop business knowledge and effective solutions.
FIND your future
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 strong 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
Diversity & Inclusion
We know that a diverse workforce and inclusive culture enable business growth and are critical to our success. That's why we have made a strategic commitment to attracting and retaining the most diverse workforce possible, while creating a strong, inclusive culture where everyone is welcome and can contribute and reach their highest potential.
• Named to the Diversity Best Practices Index - 2017, 2018
• Signatory to the CEO Action for Diversity
• Signatory to the UK Women in Finance Charter
• Twelve Colleague Resource Groups around the Globe
• Robust support for Flexible Working Arrangements
• Enhanced family friendly leave benefits
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 Sustainability at AXA XL .
The U.S. pay range for this position is $118,500 - $233,000. Actual pay will be determined based upon the individual's skills, experience, and location. We strive for market alignment and internal equity with our colleagues' pay.
At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits. Wealsobelieve in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers. For more details aboutAXA XL's benefits offerings, please visit US-Benefits-at-a-Glance_2023_US.pdf (myaxaxlbenefits.com) .
