Pricing Actuary

• Communicate difficult messages in a constructive manner.

London, United Kingdom

We are looking for a talented and motivated professional to join the Reinsurance Pricing & Analytics team at AXA XL. In this role you will provide support to the Head of Casualty Pricing International Reinsurance in all aspects of pricing primarily focusing on the US Casualty portfolio. You will work closely with underwriters and have exposure to management from the very start.

There will also be opportunities to participate in cross-region and cross-product projects at a Reinsurance segment level.

The International Re region of AXA XL writes approximately $1.5bn of annual gross written premium and provides significant career development opportunities for the right candidate over the longer term. Our region encompasses reinsurance markets across Europe, Middle East, Africa and Asia. The Pricing & Analytics team partners directly with underwriting and executive management as we look to develop and deliver our strategic objectives.

What will your essential responsibilities include?

• Lead pricing support to the US Casualty underwriting team, conduct deal pricing/reviews and contribute during underwriting committees.
• Manage a team of junior actuaries
• Driving development of pricing methodologies (aligned to global strategies and standards) including parameters/assumptions, impact analysis, and advanced pricing techniques.
• Lead efforts in development, testing and calibration of pricing tools. Maintain required technical pricing documentation and enforce pricing model governance.
• Work with other members of the Pricing & Analytics team to ensure consistency of approach across the product and region (US counterparts and colleagues in Europe).
• Utilise analytics/MI to drive superior business performance and provide decision making guidance throughout the underwriting process. Gather underwriting data and analytics needs and work with underwriters to improve pricing reliability and process efficiency.
• Evaluate profitability of key businesses in support of portfolio management and monitoring, strategy development, business planning, and to address concerns raised by management.
• Train underwriters and junior actuaries in pricing approaches. Ensure compliance with global pricing guidelines and drive appropriate consistency in pricing across International Re.
• Provide input into the quarterly reserving process and annual capital model parameterisation where appropriate.

You will report to the Head of Casualty Pricing International Reinsurance.

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

• Qualified actuary - FIA, FCAS, FIAA, FSAI with post-qualification experience
• Relevant experience within the non-life insurance Industry. Reinsurance and/or commercial insurance backgrounds are welcomed. Pricing experience is essential.
• Strong ability to acquire technical knowledge and adapt to new environments quickly.
• Excellent communication skills to build effective working relationships within and beyond the Pricing & Analytics function.
• Explain and translate actuarial concepts and outputs to stakeholders.
• Communicate difficult messages in a constructive manner.

• Able to work with pricing and underwriting teams across geographies.
• Ability to work under pressure and to manage multiple tasks and projects whilst being adaptive to changing business priorities.
• People management experience non-essential but candidate should demonstrate potential to manage and work with a diverse team from different backgrounds and cultures.
• Ability to identify business needs and be creative to invent, design and build solutions accordingly
• Experience working in the…