Reserving Actuary – International Motor, AFR

Job title: Reserving Actuary – International Motor, AFR

Company: AXA XL


Job description: We invent the new to help the world move forward. Combining powerful analytics and deeper insights with bigger ideas and innovative solutions, we free up our clients’ potential, thereby fulfilling our own. Take it seriously. Make it fun. Know it matters.You will be responsible for International Motor, part of the liability lines of AXA XL’s International business group. This equates to gross reserves in excess of $500m and annual gross earned premiums of c$250m. You will also assist the Head of Reserving – International Liability Lines with International Casualty, another part of the liability lines of AXA XL’s International business group. This portfolio contains gross reserves in excess of $7bn and annual gross earned premiums of c$1.5bn.In achieving this, you will work closely with other teams within Actuarial Financial Reporting (AFR), with respective pricing actuaries, with the wider Global Finance team, and will exchange with the providers of independent actuarial opinion(s).DISCOVER your opportunityWhat will your essential responsibilities include?· Valuation Analysis: within the AFR framework, the valuation is completed twice a year following quarter 1 and quarter 3 Actual vs Expected analysis:· Assessing, reviewing and challenging the appropriateness of methodologies and assumptions across relevant lines of business, and driving changes where this is considered appropriate.· Reviewing the rationalisation of any changes to methods and assumptions and the impact on financial reporting.· Quarterly Financial Reporting: Delivery of quarterly performance analysis for International Motor. This will include consideration of emerging experience:· You will have responsibility for the reserving of the Underwriting Unit.· Assessing, reviewing and challenging all reserving decisions made in respect of these businesses along with presentation and provision of management information to the legal entity actuaries and to the Global Chief Actuary.· Ensuring all reporting deliverables are met by the team through the Quarter End Process to allow for full consultation with the business and to meet financial reporting requirements.· Leading the consultation with underwriters and management regarding experience in the quarter, implications for financial reporting and recommendation for areas of consideration through the valuation analysis.· Reviewing and challenging all material movements and impacts in the quarter across relevant businesses.· Assessing, reviewing and challenging (where necessary) any second opinion results, in addition to the annual audit process.· Profitability Analysis: Regularly evaluating the ongoing profitability of the business feeding into Business Planning considerations, but also to support portfolio management and strategy within the business.· Business Planning: The AFR team is a key contributor to the development of the AXA XL division business plan each year, and this role actively participates in the setting of the budget loss ratios at the different portfolio levels. This will include evaluating underwriting strategies with the business and their pricing actuaries.· Legal Entity Support: AXA XL writes business through a number of different legal entities. You will contribute to legal entity assessments and support the rationalisation of legal entity changes and impacts for these businesses.· Special Projects: Alongside your business and legal entity responsibilities, you may also become involved in special projects intended to contribute to the development of the AFR team as a whole, which could involve development of processes or exhibits or focused investigations regarding new methodologies or assumptions potentially impacting the reserving analysis for all lines.You will report to the Head of Reserving – International Casualty, AFR.QualificationsSHARE your talentWe’re looking for someone who has these abilities and skills:Required Skills and Abilities:· Qualified actuary with experience within the non-life insurance Industry, with a significant focus on reserving. Knowledge of ResQ software and excel add-in would be an advantage.· Ability to manage multiple conflicting tasks and outputs. Able to plan long term deliverables and ensure tasks are planned and completed accordingly and that any delays or complications are communicated early and resolved appropriately.· Capability to navigate in a global actuarial organization with multiple stakeholders within both the Central Actuarial teams and the Regional Actuarial teams. A key part of the role will be to develop and maintain excellent working relationships with these teams as the actuarial team is a global function.· Strong Communication: Excellent verbal and written communication, collaboration and presentation skills. Must have the ability to communicate even negative or difficult messages in a constructive and effective manner at all levels. Relevant experience of presenting and communicating ultimate claims movements and trends to underwriters.· Business Partnering: Able to demonstrate an in-depth knowledge of the businesses responsible for, as well as translate actuarial output into business value, ensuring various customers are able to understand the practical implications of our analyses and how the information provided can help them to make appropriate business decisions.· Strategic Thinking and Tactical Implementation: Ability to invent, design and build solutions.FIND your futureAXA 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 atInclusion & DiversityAXA 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 a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can 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 . AXA XL is an Equal Opportunity Employer.SustainabilityAt 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

Expected salary:

Location: Dublin

Job date: Wed, 12 Feb 2025 07:34:55 GMT

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