London, UK
AXA XL is an Equal Opportunity Employer.
Drive strategic decisions that shape our future!
We are seeking a dynamic and experienced actuary to take on the pivotal role of Head of Management Reporting within our Actuarial Reserving function. Reporting directly to the Corporate Chief Actuary, you will be a key player in ensuring the financial stability and solvency of our organization. You will provide clear, concise, and insightful reporting to management, enabling them to make informed decisions that drive our organization forward. As a manager, you will lead, develop, and inspire a team of actuaries, fostering a culture of excellence and continuous improvement.
What you’ll be doing
What will your essential responsibilities include?
Reserve Management and Reporting:
- Review, challenge, consolidate and govern IFRS4 and IFRS17 reserves results during valuation, booking, Forecast and Planning exercises for the AXA XL division, ensuring accuracy and reliability.
- Prepare supporting documents to present to the top management of AXA XL, influencing strategic decision-making. Lead the preparation of key committees and presentations for AXA XL division, including:
- MRCR (Management Review Committee on Reserves) for valuations and bookings, including minutes of those committees
- Financial clearance with AXA Group (actuarial section)
- Flash presentation to AXA Group Actuarial function, in collaboration with AXA XL Risk Management team
- Planning presentations: base loss ratio and budget loss ratio
- Board/Audit Committee presentation
- Presentation for the BMA, the regular of Bermuda
- Presentation for Rating Agencies
- Set up guidelines to feed these documents and timelines to ensure appropriate communication
- Feed the division Actuarial Function Report, in particular by leading the Underwriting opinion
Collaboration with rest of AFR team:
- Collaborate with the rest of the AFR team in charge of presentations at regional or legal entity level, ensuring consistency in the presentation, especially for the regional MRCR.
- Collaborate with cross-functional teams to provide actuarial insights and recommendations.
- Contribute to transversal projects across AFR to improve analytics or process efficiency
Actuarial analysis
- Monthly monitor the earned rate evolutions
- Perform regular follow up of diagnostics that helps identify early trends. In collaboration with the rest of AFR team.
- Perform transversal actuarial analysis across the segment or division. Those analysis can be regular such as ULAE reserve calibration, or can be ad hoc depending on needs
- Evaluate ongoing profitability of key businesses feeding into regular business reviews to support portfolio management and strategy.
- Research/Learn about new Reserve/Reserve Risk/claims analytics methodologies and develop new & creative solutions to actuarial issues.
Team Leadership and Development:
- Manage, develop, and mentor the team, providing guidance and support to help them reach their full potential.
- Attract new talents within the team, by promoting AXA XL and AFR team internally and externally
What you’ll bring
We’re looking for someone who has these abilities and skills:
Qualifications and Experience:
- Qualified actuary by a recognized actuarial association with a significant amount of experience and a robust background in reserving.
- Proven experience in managing and developing a team of actuaries.
Communication and Analytical Skills:
- Excellent written and verbal communication skills.
- Keen attention to detail to ensure full consistency of results within various presentations.
- Robust analytical and problem-solving skills with the ability to interpret and present complex data.
Project Management and Leadership:
- Effective project management and leadership capabilities.
- Ability to manage competing and tight deadlines by anticipating and prioritising tasks.
Technical Proficiency:
- Outstanding computer application skills, specifically Excel and PowerPoint.
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.
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
