Internal Model Reviews (IMR) / P&C actuarial analyst

TN France; Paris; Sur place; EUR 50 000 - 80 000; Plein temps

Résumé du poste

An established industry player is seeking a skilled professional in Financial Mathematics and Risk Management. This exciting role involves reviewing and calibrating the P&C Group model, conducting statistical tests, and ensuring compliance with Solvency II principles. Join a dynamic team dedicated to human progress and make a significant impact by protecting what matters. If you have a passion for analytics and a commitment to excellence, this opportunity is perfect for you. Be part of a diverse and inclusive environment where your contributions are valued and recognized.

Qualifications

• 3-4 years experience in P&C Risk Management or actuarial audit.
• Good knowledge of Solvency II principles and P&C risk modules.

Responsabilités

• Review local deployment of P&C Group model structure.
• Conduct statistical quality tests and back testing of result distributions.

Connaissances

Financial Mathematics

Statistics

Actuarial Studies

P&C Risk Management

Solvency II Principles

P&C Reserving Techniques

Business Analysis

Interpersonal Skills

Formation

Master's Degree in Financial Mathematics

Master's Degree in Statistics

Master's Degree in Actuarial Studies

Outils

Remetrica

AXA Group Internal Model Tools

MS Office

Description du poste

Our business: protection. We protect people, property and assets.
Our purpose: Act for Human Progress by protecting what matters.
Does this speak to you? Then come and join 149,000 future colleagues who are committed to our 95 million clients in 50 countries around the world every day.

Job Description

Your work environment

The headquarters of the AXA Group (GIE AXA) brings together our corporate activities. It provides guidance and support to subsidiaries around the world, in order to ensure the coordination and monitoring of the Group's global strategy, the application of its standards, the consistency of commercial approaches and the sharing of best practices.

The headquarters gathers approximately 1000 employees and is distinguished by its strong international culture (45 nationalities), which makes it a rich and stimulating place to work.

AXA is built around diversity and unity, which is why we are committed to promoting collective success through inclusion.

GIE AXA SUCURSAL EN ESPAÑA is a branch of GIE AXA (Group headquarters) located in Spain. The entity is hosted in AXA's facilities in Madrid, but is fully independent from other Spanish entities. The Internal Model Review (IMR) department, the biggest department of the branch, reports directly to Group Risk Management (GRM) and PBRC in Paris.

This job is based in Madrid only

Main Missions

• Review the local deployment of P&C Group model structure (Harp + Remetrica)
• Review the local calibration of the model
• Check the exhaustiveness of modeled business
• Review the reconciliation exercise
• Perform statistical quality tests, calibration tests, ensuring that the fitted parameters represent the risk reflected in the historical data, taking into account trends and outliers, including statistical tests and back testing of result distributions, review evidence of fit tests for parameterization of losses, pricing, inflation, and reserve volatilities
• Conduct back testing, stress testing, “mirror modeling” to sense check IM outputs
• Provide a “suitability assessment” of the P&C Group model to local specificities, summarized in a written report with an action plan from the entity
• Review local Cat modeling, challenge data used, projection factors, and robustness of approach
• Review local reinsurance treaties for appropriateness and exhaustiveness
• Review the granularity of modeled lines of business
• Express a second opinion on Group model changes impacting P&C risks

Your Profile

Qualifications and Skills

• Master's Degree in Financial Mathematics, Statistics, or actuarial studies
• 3-4 years practical experience in P&C Risk Management, Technical departments, or actuarial audit
• Good knowledge of Solvency II principles, especially P&C risk modules
• Experience with P&C reserving techniques and business analysis
• Knowledge of AXA’s internal model (valuable), programming skills, and IFRS17
• Proficiency with AXA Group Internal model tools (valuable), P&C actuarial tools (Remetrica), and MS Office
• Interpersonal skills: ability to conduct interviews in English, challenge entities, write detailed reports, and summarize findings effectively
• Willingness to travel occasionally within AXA Group entities

About AXA

Why AXA? Every day, we work together for human progress by protecting what matters. A mission that puts a smile on your face and makes you want to get up in the morning!...