This 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.
Job Description: Pricing Analytics Actuary
How does this role contribute to our collective success?
The Pricing function supports underwriters and management in building robust and profitable portfolios by providing objective insights through deep product expertise and by utilizing state-of-the-art functional capabilities.
The Portfolio Management and Pricing Analytics team sits within the Pricing function and is responsible for enterprise-wide analytics to aid portfolio steering and oversees cross-product initiatives to ensure consistency across the group.
The Pricing Analytics Actuary provides technical model support to the Pricing function and has deep knowledge of our modelling capabilities, particularly for outwards reinsurance purchasing and direct transactional pricing.
What will you do in this role?
- Become an expert in AXIS’s outwards reinsurance structures and how it is modelled acting as the link between the Pricing and Capital Modelling teams.
- Run non-proportional outwards reinsurance structure options in the internal model and provide the model output to the pricing actuaries enabling them to optimise our outwards reinsurance purchases.
- Use the internal model to determine the ceded recovery rate and reinstatement premium rate assumptions for the Group and Syndicate business plans.
- Develop, maintain and document a central ceded analysis template for the pricing actuaries to use.
- Review output from ceded analytics and collate feedback to improve the next set of underwriting parameters.
- Create pricing platform prototypes and specifications for the IT system developers and liaise with them regularly to provide feedback and ensure the enhancement delivered is aligned with the requirements.
- Maintain documentation of the pricing platform calculations.
- Assist the team with providing technical pricing model support, such as answering queries from underwriters and pricing actuaries and fixing bugs that arise in models which are not supported by IT.
You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.
About You:
We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.
What you need to have:
- Nearly / Newly attained Associateship or Fellowship of an accredited Actuarial Society, or commensurate experience
- Ability to run and update stochastic / simulation models, ideally in Tyche
- Ability to build and maintain models in Excel VBA, and query databases using SQL
- Ability to build relationships, collaborate and establish credibility with all stakeholders
- Adaptive communication style with the ability to communicate technical model concepts to less technical audiences
- Growth mind-set with a desire to seek diverse thought, learn from others and share knowledge
What we prefer you to have:
- Ability to use Python for statistical analyses and data manipulation
- Enthusiasm to proactively challenge the status quo and develop innovative ideas
Role Factors:
In this role, you will typically be required to:
- Be in the office 3 days per week
What we offer:
You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more.
