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

AXA Group; Paris; Sur place; EUR 50 000 - 70 000; Plein temps

Résumé du poste

The AXA Group seeks a P&C actuarial analyst in Paris, focusing on risk analysis and actuarial practices within the Internal Model Review team. The role requires a Master’s degree and 3-4 years of relevant experience, ideal for those eager to contribute to effective risk management in a dynamic environment.

Prestations

Flexibility for hybrid work

Promoting internal mobility

Employee training opportunities

Social and environmental responsibility culture

Qualifications

• 3-4 years of experience in P&C Risk Management or actuarial audit.
• Good knowledge of Solvency II principles.
• Ability to conduct interviews and write detailed reports in English.

Responsabilités

• Review local P&C model compliance and calibration.
• Conduct statistical tests and verification for risk parameterization.
• Provide reports and recommendations on modeling practices.

Connaissances

Financial Mathematics

Statistics

Programming

P&C Reserving Techniques

Formation

Master Degree

Outils

MS Office

Remetrica

AXA Internal Model Tools

Description du poste

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Internal Model Reviews / P&C actuarial analyst (Madrid), Paris

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Client:

AXA Group

Location:

Paris, France

Job Category:

Other

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EU work permit required:

Yes

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Job Reference:

5746ace4e40b

Job Views:

3

Posted:

23.06.2025

Expiry Date:

07.08.2025

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Job Description:

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.

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 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

The Internal Model Review (IMR) team is an internal Risk and Actuarial controlling activity created in the context of Solvency II application. It has the following objectives:

-Provide a gap analysis on the compliance of local entities’ practices with Group instructions and/or with Solvency II directives.

-Provide AXA Group’s management with an appropriate level of comfort on the quality and adequacy of solvency II metrics reported by entities.

-Ensure the consistency of local methodologies, processes and tools used across entities.

-Contribute to the improvement of the metrics by sharing best practices.

The 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.

-Statistical quality tests, calibration tests, ensuring that the fitted parameters represent the risk reflected in the historical data, taking into account trends and outliers, (statistical tests and back testing of result distributions, review evidence of fit tests) for parameterization of losses, pricing, inflation, and reserve volatilities.

-Back testing, stress testing, “mirror modeling” to sense check IM outputs

-Conclusion on a “suitability assessment” of the P&C Group model to local specificities in a written report to be completed by action plan from the entity.

-Review of the local Cat modeling, including challenge the data used, the Cat projection factor and the robustness of approach.

-Review local reinsurance treaties in order to check the appropriateness and exhaustiveness of the modeling.

-Review the granularity of the modeled lines of business.

-Express a second opinion on Group model changes that impact P&C risks.

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.

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 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

The Internal Model Review (IMR) team is an internal Risk and Actuarial controlling activity created in the context of Solvency II application. It has the following objectives:

-Provide a gap analysis on the compliance of local entities’ practices with Group instructions and/or with Solvency II directives.

-Provide AXA Group’s management with an appropriate level of comfort on the quality and adequacy of solvency II metrics reported by entities.

-Ensure the consistency of local methodologies, processes and tools used across entities.

-Contribute to the improvement of the metrics by sharing best practices.

The 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.

-Statistical quality tests, calibration tests, ensuring that the fitted parameters represent the risk reflected in the historical data, taking into account trends and outliers, (statistical tests and back testing of result distributions, review evidence of fit tests) for parameterization of losses, pricing, inflation, and reserve volatilities.

-Back testing, stress testing, “mirror modeling” to sense check IM outputs

-Conclusion on a “suitability assessment” of the P&C Group model to local specificities in a written report to be completed by action plan from the entity.

-Review of the local Cat modeling, including challenge the data used, the Cat projection factor and the robustness of approach.

-Review local reinsurance treaties in order to check the appropriateness and exhaustiveness of the modeling.

-Review the granularity of the modeled lines of business.

-Express a second opinion on Group model changes that impact P&C risks.

Your Profile

Your profile and skills

Educated with a Master Degree

Financial Mathematics, Statistics and/or actuarial studies.

Experience:

3-4 years practical experience in the P&C area of a Risk Management or Technical departments, or in an actuarial audit firm.

Good knowledge of :

-Solvency 2 principles, notably P&C risks modules

-P&C reserving technics and P&C business analysis

-AXA’s internal model (STEC) (valuable)

-Programming (coding)

-IFRS17.

Tools:

-Good knowledge of AXA Group Internal model tools (valuable).

-Good knowledge of P&C actuarial tools ( Remetrica) would be a plus.

-MS Office (Excel, Word, PowerPoint).

Interpersonal skills:

-Ability to conduct interviews in English.

-Capacity to challenge local entities and to ensure the correct application of group’s standards / guidelines.

-Capacity to write in English detailed reports, and/or to summarize findings/recommendations through a few slides.

-Attraction for short-time travels in the entities of the AXA Group.

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 !

One of the world's leading insurers in the protection of property, people and assets, AXA is 145,000 employees and contributors who are committed to our customers on a daily basis, 51 countries in which we distribute our products and services and more than 90 million customers who place their trust in us worldwide. As a responsible corporate citizen, AXA is committed to social and environmental causes on a daily basis. We are committed to an inclusive policy that recognizes and values individual differences. Do these ambitions speak to you ? Then come and change the world with us !

About the Entity

The headquarters of the AXA Group brings together the Group's corporate activities. It is distinguished by its strong international culture.

What We Offer

You will join:

A responsible company, towards people, including its employees and customers, and towards the planet

A company with strong values

A company promoting internal mobility and the training of its employees

A company offering many benefits

A flexible company, allowing hybrid work, in the office and from home.

The information provided by applicants will be treated as strictly confidential and used for recruitment purposes only.