Actuarial Graduate

AXA XL; Greater London; On-site; GBP 30,000 - 40,000; Full time

Job summary

A leading insurance firm in London is seeking an Actuarial Graduate to join their Actuarial Financial Reporting team. The role involves collaborating on Syndicate reserving and developing best estimate reserves while ensuring compliance with Lloyd’s standards. The ideal candidate will have a degree in Actuarial Science or Mathematics, a commitment to pursue actuarial qualifications, and strong communication skills. This position offers a pathway for career progression and includes study support for professional qualifications.

Benefits

Flexible working arrangements

Family-friendly leave benefits

Study support for actuarial qualifications

Qualifications

• Eagerness to pursue actuarial qualifications.
• Demonstrated excellent communication skills for technical and non-technical audiences.
• Highly motivated and proactive, able to work with minimal supervision.

Responsibilities

• Collaborate in the development of actuarial best estimate reserves for Syndicate Reserving.
• Actively participate in setting the budget loss ratio for the Syndicates.
• Gain understanding of various products through interaction with product actuaries.

Skills

Mathematical Background

Commitment to an Actuarial Role

Collaborative Spirit

Effective Communication

Self-Driven and Solution Oriented

Innovative and Commercially Aware

Education

Degree in Actuarial Science, Mathematics or equivalent

Job description

Actuarial Graduate

AXA XL is an Equal Opportunity Employer.

Join our dynamic Actuarial Financial Reporting team in London as an actuarial graduate, where you will report directly to the Senior Syndicate Reserving Actuary.

The candidate will play a key role in the Syndicate reserving function assisting in setting robust well informed best estimate reserves and ensuring clear, accurate and timely communication to Lloyd’s. The successful candidate will demonstrate technical depth commercial awareness and robust interpersonal skills to support the actuarial view of the portfolio.

What you’ll be doing

• Strategic Influence Play a pivotal role in reserving and reporting for the Syndicates at AXA XL. The Syndicates write a very diverse book of business including Property, Casualty, Marine, Energy, Aerospace, Financial lines, Equine, Specie, Product Recall, Political Violence, Political Risk as well as Accident & Health.
• Exposure to Lloyd's Market Dynamics Gain expertise in Lloyd's reserving, governance, and syndicate- specific nuances, with the opportunity to contribute to market- facing developments.
• High Visibility Work closely with the UK and Lloyd’s Chief Actuary and the Syndicate Signing Actuary as well as local finance, claims, audit, underwriters and senior management.
• Global Collaboration Operate in a globally connected environment, working alongside talented teams across India, the UK, and other global offices, fostering a truly collaborative culture.
• Innovation and Process Enhancement Bring forward new ideas and challenge conventional approaches- whether in methodology, communication, or automation- within a function open to innovation and continuous improvement.
• Leadership Development Build and demonstrate leadership capability through mentorship, ownership of work streams, and influence across cross functional teams.
• Career Progression Be part of a dynamic and evolving actuarial function, with clear pathways to broaden your scope-whether in pricing, capital, portfolio analytics, or leadership roles.
• Professional Qualification Study support provided to enable the pursuit of an actuarial qualification.
• Purposeful Work Contribute to the strength and sustainability of the business by helping ensure that reserves are robust, well-communicated, and aligned to the underlying risk.

What will your essential responsibilities include?

• Best Estimate Reserving Collaborate in the development and maintenance of the actuarial best estimate reserves for Syndicate Reserving ensuring compliance with Lloyd’s regulatory standards and internal frameworks
• Budget Loss Ratio Participation Actively participate in the setting of the budget loss ratio (SBF) for the Syndicates.
• Product Knowledge Development Gain a deep understanding of the various products written on the Syndicate paper by interacting with product actuaries, underwriting meetings and other business forums
• Business Insights Translation Effectively translate business learnings into the best estimate reserves for submission to Lloyds ensuring proactive communication and timely, accurate reporting
• Regulatory Knowledge Framework Develop and update knowledge on the Lloyds framework in terms of reserving and reporting compliance
• Cross-Department Collaboration Work collaboratively with finance, claims and other departments to fulfil Lloyd’s regulatory reserving reporting requirements

Global Team Engagement Maintain continuous dialogue with the global reserving team to factor in expert judgements on trends, methods and assumptions

What you’ll bring

We’re looking for someone who has these abilities and skills:

• Mathematical Background Degree in Actuarial Science, Mathematics or equivalent (e.g. Statistics / Physics / Engineering)
• Commitment to an Actuarial Role eagerness to pursue actuarial qualifications.
• Collaborative Spirit Comfortable work effectively and openly with others
• Effective Communication Able to demonstrate excellent communication skills and to be able to clearly communicate complex results and insights clearly to both technical and non-technical audiences.
• Self-Driven and Solution Oriented highly motivated, proactive, and able to work with minimal supervision. Brings a problem-solving mindset and a willingness to challenge the status-quo constructively.
• Innovative and Commercially Aware Curious and forward-thinking, with a desire to improve processes and contribute to business strategy through data-driven insights and actuarial perspectives.

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, 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