(Assistant/Lead) Developer

TN United Kingdom; London; On-site; GBP 45,000 - 85,000; Full time

Job summary

An established industry player is seeking a Pricing Models Developer to join their innovative team. This role involves establishing a new platform for pricing models, enhancing algorithms, and collaborating with multi-disciplinary teams. You will play a pivotal role in shaping technical plans, improving performance, and supporting the migration of existing models. The company values an agile and inclusive workspace, making it an exciting opportunity for those passionate about data-driven solutions and technology. Join a forward-thinking environment where your contributions will significantly impact client service and business success.

Qualifications

• Experience in non-life insurance pricing is essential.
• Proficiency in SQL, VBA, R, and Python is required.

Responsibilities

• Establish and support a new platform for pricing models.
• Facilitate quick recalibration of pricing algorithms.

Skills

SQL

VBA

R

Python

Non-life insurance pricing

Communication skills

Education

Bachelor’s degree in mathematics

Bachelor’s degree in statistics

Bachelor’s degree in actuarial science

Bachelor’s degree in computer science

Tools

Cloud-based platforms

Data services integration

Job description

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Overview

Pricing Analytics & Models (PAM) is a unit of AXA XL’s insurance division that enables product pricing actuaries and underwriters to harness information, deploy tools, and generate insights to improve portfolio management and profitability. The Pricing Models team designs, builds, and implements algorithms for premium calculations across various lines. They combine actuarial expertise, technical knowledge, and coding skills to engineer, maintain, and enhance these algorithms.

Current Initiatives

AXA XL is undergoing a multi-year transformation to streamline workflows, centered on creating a cloud-based platform for developing models and analytics. This platform aims to improve the consistency, performance, and accuracy of pricing tools. Pricing Models Developers play a key role, from shaping technical plans to establishing best practices for software development and model building across regions.

Opportunity

Responsibilities include:

1. Establishing and supporting a new platform and development framework for pricing models, including reusable components, standardized interfaces, and model versioning.
2. Enabling faster development of scalable models by a broad group of developers.
3. Facilitating quick recalibration of pricing algorithms in response to market or portfolio changes.
4. Establishing technical and operational integrations with internal systems and third-party data services.
5. Creating technical documentation and training for pricing actuaries.
6. Building relationships with operations and underwriting teams for successful deployment.
7. Implementing enhancements to improve performance and user experience.
8. Collaborating with IT teams for support of existing tools and databases.
9. Supporting migration of existing models to the new platform.

Candidate Profile

Required Attributes:

• Experience in non-life insurance pricing.
• Proficiency with programming languages such as SQL, VBA, R, Python.
• Ability to work with global, multi-disciplinary teams.
• Excellent communication skills.
• Detail-oriented, collaborative, and innovative mindset.
• Bachelor’s degree in mathematics, statistics, actuarial science, or computer science.

Desired Attributes:

• Knowledge of core actuarial concepts.
• Experience with commercial insurance pricing models.
• Knowledge of enterprise software development practices.
• Experience with modern IT infrastructure for analytics.
• Experience leading large-scale IT projects.
• Management experience of analytics teams.

Future Outlook

AXA XL is known for solving complex risks through innovative, data-driven, and technology-enabled solutions. The company values an agile, inclusive workspace that fosters talent and delivers top-tier client service across all lines of business.