Actuary (India)

Actuary

Gurgaon, Haryana, India

• In this role you will support the Head of Pricing, Global Programs.
• We are seeking a qualified or near qualified actuary with relevant experience to ensure AXA XL remains a leader in the field of P&C Programs Business.
• The successful candidate will be highly driven, able to effectively communicate across functions with technical skills to support evolving pricing and analytic needs to drive profitability.

What you’ll be DOING

What will your essential responsibilities include?

Lead pricing support to the Programs underwriting team on active Programs. Perform own analyses and peer review work of others. This involves reviewing qualitative and quantitative information to estimate underlying loss trends, rate changes, impacts from underwriting actions, ground-up and excess loss development factors, increased limit factors, and develop an estimate of future profitability.

Manage, mentor, and develop a team of junior actuaries.

Support delivery of core tasks such as planning, rate monitoring, new programs profitability assessment, and core pricing metrics. Enhancement of existing worksflows/exhibits when necessary, as needed by internal stakeholders. Ability to Self Supportedly create new reports or workflows depending on business needs and pass along to team.

Work with other members of the Pricing & Analytics team to ensure maintenance of AXA XL’s current programs pricing tools and technical documentation.

Engage internally with Underwriting, Business Ops, Reserving, Claims, Finance, and Capital Modelling. Consistent external communication with AXA XL’s various program partners.

Help the team to stay abreast of regulatory and technological changes that affect pricing including use of industry research databases and actuarial tools.

Work with data operations team in tracking, managing, and improving Programs premium and loss data at appropriate grains.

Support underwriters within NA programs with regular reporting and ad-hoc analysis.

Support Head of pricing, NA programs by working closely with the data to provide insights to share within the pricing team.

Ensure compliance of pricing guidelines with the team

Take ownership of key metrics including program profitability, portfolio mix, rate change and RRL.

You will report to Head of Pricing - Central Pricing & Metrics.

What you will BRING

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

Required Skills and Abilities

• Qualified actuary - FIA, FCAS, FIAA, FSAI with post-qualification experience.
• Degree in Actuarial Science, Mathematics, Applied Math, Statistics, or related field.
• General Pricing Knowledge: General understanding of actuarial pricing on various different product lines.
• General Reserving Knowledge: Understanding of commonly used reserving methodologies, assumption setting and techniques.
• Detail oriented but also need to appreciate the real-world vagaries associated with Programs business and third party data.
• Outstanding verbal and written communications skills to gain buy-in to communicate clearly and concisely with internal and external clients.
• Ability to work self-directed and manage junior team workflow with minimal supervision and as part of a global team.

Desired Skills and Abilities

• Able to work with pricing and underwriting teams across geographies.
• Management / Development experience of junior analysts.
• Actuarial communication to internal and external stakeholders.
• Ability to identify business needs and be creative to invent, design and build solutions accordingly
• Ability to work under pressure and to manage multiple tasks and projects whilst being adaptive to changing business priorities.
• Working experience in Programs space.
• R programming skills desired. Other coding experience is a plus.

Who WE are

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 comprehensive 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

What we OFFER

Inclusion

AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture and enables business growth and is critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.

Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.

Robust support for Flexible Working Arrangements

Enhanced family-friendly leave benefits

Named to the Diversity Best Practices Index

Signatory to the UK Women in Finance Charter

Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.

Total Rewards

AXA XL’s Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.

We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.

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 axaxl.com/sustainability.