Specialist Actuary, North America Construction

We are looking for a motivated actuary to join the North America Construction Insurance Pricing & Analytics team. You will develop and refine pricing models, conduct in-depth analyses, and deliver actionable insights and tools to support our Subcontractor Default Insurance (SDI) and Construction Professional/Pollution (CPP) products and NA Construction product actuaries and underwriters.

What will your essential responsibilities include?

• Ensure that the construction SDI and CPP product lines have market-leading technical pricing and portfolio management capabilities and be responsible for the delivery of those capabilities
• Lead the design, construction, modification, and maintenance of proprietary actuarial tools and models, alongside Models team
• Provide decision-making guidance throughout the entire underwriting process, through the use of advanced analytics, to drive superior business performance
• Develop and leverage product pricing methodologies (aligned to global strategies and methodologies) including pricing algorithms, pricing parameters, pricing change impact analysis, and advanced pricing techniques.
• Micro portfolio management activities including selection of base loss ratio for business planning, profitability studies & deep dives, dashboard maintenance, and post-event loss evaluations
• Conduct deal specific pricing, collateral requirements, captive/scheme/program pricing, and risk transfer testing
• Engage closely with Underwriting, Reserving, Claims, to improve pricing accuracy
• Ensure compliance with Pricing Model Standards, maintain required technical pricing documentation, and enforce pricing model governance
• Support reinsurance purchasing with data and analysis. Provide guidance on net calculations for planning, limits reporting, reserving, etc.

You will report to the Head of NA Construction Pricing.

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

• Bachelor’s degree in actuarial science, Mathematics, Applied Math, Statistics, or related field
• Qualification level – Qualified or near qualified actuary through the Casualty Actuarial Society
• Material experience in Property & Casualty actuarial pricing or reserving
• Motivated, strategic thinker with a robust collaborative work ethic and a focus on quality and integrity
• Programming proficiency in Python, R, or SQL
• Leadership skills to work collaboratively with colleagues to build consensus
• Exceptional problem-solving and analytical skills, as well as attention to detail
• Excellent influencing and negotiating skills utilizing effective verbal and written communication
• Adaptable to new challenges and proactive for innovative problem solving
• Good organizational, time management and prioritization skills

The U.S. base salary range for this position is USD 101,400 – 177,600.

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.

AXA XL is an Equal Opportunity Employer.