Actuarial Risk Manager

AXA UK; Leeds; Hybrid; GBP 70,000 - 110,000; Full time

Job summary

AXA UK is seeking an experienced Actuarial professional to lead the Risk team’s Product Approval Process and provide independent opinions on pricing, underwriting and portfolio strategy. You will partner with Risk & Compliance to ensure holistic governance and effective challenge across key programmes.

The role offers a path to influence enterprise-level strategy, working with senior leaders to align with AXA UK's growth and resilience objectives. Flexibility in work arrangements is available.

Qualifications

• Extensive experience in UK general insurance, preferably Retail P&C and PMI with a pricing background.
• Excellent stakeholder management skills to influence decisions.
• Brilliant interaction with Executives, Senior Management and regulators.
• Substantial product and industry knowledge and understanding of regulatory framework.
• Business acumen and self-motivation.
• Proven ability to work under time pressure.
• Analytical problem-solving skills.

Responsibilities

• Manage and monitor the Product Approval Process, providing second-line opinions and coordinating with Risk and Compliance.
• Conduct independent risk reviews of pricing, claims, and portfolio management to support strategic challenge.
• Support senior leaders in reviewing key projects and providing formal risk opinions on pricing and claims.
• Contribute to risk considerations in strategic planning, ensuring activities align with business goals.
• Develop and maintain underwriting and reinsurance policies.
• Coordinate the implementation of the Risk Management Framework, monitor risk adherence, and assist in action plans to stay within risk appetite.

Skills

Pricing

Stakeholder management

Executive communication

Regulatory knowledge

Analytical thinking

General insurance

PMI experience

Job description

About AXA

AXA is a global leader in insurance and financial services, dedicated to helping customers protect what matters most to them. As the sixth-largest insurance company in the world, we provide a wide range of services, including health, car, home, and business insurance. We support millions of customers worldwide, helping them navigate life's uncertainties with confidence.

About AXA

AXA is a global leader in insurance and financial services, dedicated to helping customers protect what matters most to them. As the sixth-largest insurance company in the world, we provide a wide range of services, including health, car, home, and business insurance. We support millions of customers worldwide, helping them navigate life's uncertainties with confidence. AXA UK Support Functions look after our three customer-facing business units, providing the infrastructure and expertise to make sure we can be there for our customers.

Job Overview

We're seeking an experienced Actuarial professional ready to lead at a strategic level within AXA UK's Risk team to partner with the businesses that we support. You’ll develop and oversee the Product Approval Process for new and material product developments, providing independent second opinions and coordinating with Risk & Compliance for a holistic view. You’ll advise on product design, performance, and strategic alignment. You’ll conduct independent risk reviews of underwriting, pricing, and portfolio strategies, supporting effective challenge and decision making. This role offers a great opportunity to expand your impact from technical risk to enterprise-level strategy, influencing policies and governance to support AXA UK's growth and resilience.

Key Responsibilities

• Manage and monitor the Product Approval Process, providing second-line opinions and coordinating with Risk and Compliance.
• Conduct independent risk reviews of pricing, claims, and portfolio management to support strategic challenge.
• Support senior leaders in reviewing key projects and providing formal risk opinions on pricing and claims.
• Contribute to risk considerations in strategic planning, ensuring activities align with business goals.
• Develop and maintain underwriting and reinsurance policies.
• Coordinate the implementation of the Risk Management Framework, monitor risk adherence, and assist in action plans to stay within risk appetite.

Work Arrangements

At AXA we work smart, empowering our people to balance their time between home and the office in a way that works best for them, their team and our customers. You'll work at least two days a week (40%) away from home, moving to three days a week (60%) in the future. Away from home means attending the office, visiting clients or attending industry events. We’re also happy to consider flexible working arrangements, which you can discuss with Talent Acquisition.

Your Skills & Experience

• Extensive experience in UK general insurance, preferably in Retail P&C and/or Private Medical Insurance (PMI) with a background in pricing. Experience in UK Commercial markets is also advantageous.
• Excellent stakeholder management skills to manage key relationships and influence decisions.
• Brilliant interaction skills with Executives, Senior Management and regulators.
• Substantial product and industry knowledge and understanding of regulatory framework.
• Business acumen and self-motivation.
• Proven ability to work under time pressure.
• Analytical problem-solving skills.

As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom.

We’re proud to be an Equal Opportunities Employer and don’t discriminate against employees or potential employees based on protected characteristics.