Corporate Reserving Actuary

AXIS Capital; City Of London; Hybrid; GBP 75,000 - 95,000; Full time

Job summary

A global provider of specialty insurance in London is seeking a Corporate Reserving Actuary. This role involves actuarial support for the Corporate Reserving team, managing quarterly reserving processes, and enhancing existing tools. Ideal candidates will have eight years of experience, a bachelor's degree, and strong analytical skills. A competitive benefits package is offered, including medical plans and retirement options.

Benefits

Medical plans

Health and wellness programs

Retirement plans

Tuition reimbursement

Paid annual leave

Qualifications

• At least eight years of industry experience in reserving, pricing, or modeling roles.
• Qualified/near qualified as a Fellow of the Institute and Faculty of Actuaries.

Responsibilities

• Assist in producing the AXIS quarterly reserving estimates.
• Coordinate reserve meetings for the quarterly reserving process.
• Manage a small team of actuarial and analytical focused individuals.

Skills

Advanced Excel skills

SQL Server experience

VBA capabilities

Strong communication skills

Attention to detail

Education

Bachelor's degree or equivalent experience

Fellow of the Institute and Faculty of Actuaries or equivalent

Tools

PowerBI

Tableau

Oracle

Job description

Corporate Reserving Actuary page is loaded

Corporate Reserving Actuary

Apply locations London - Scalpel time type Full time posted on Posted 30+ Days Ago job requisition id REQ05765

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.

Corporate Reserving Actuary

Job Family: Corporate Reserving

How does this role contribute to our collective success?

Reporting into the Corporate Reserving lead, this position will provide actuarial support for the Corporate Reserving team, coordinating the quarterly reserving process for AXIS Group and liaising with various Product and Corporate functions. The Corporate Reserving team supports various reserving areas including our Product Line and Regulatory teams and will have exposure to all lines of business written by AXIS. This role will be a primary contributor to efforts focused on improving our existing reserving processes and platforms including tool enhancements, expansion, and redesign.

You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.

What will you do in this role?

Reserving

• Assist in producing the AXIS quarterly reserving estimates.
• Assist with the peer review of the Product Line quarterly reserve analyses and validation of the selected actuarial estimates and methods.
• Coordinate reserve meetings for the quarterly reserving process.
• Develop new diagnostics tools and reports to improve the quarterly process and provide MI to colleagues across AXIS.
• Review the existing suite of AXIS reserving tools and identify opportunities for enhancement including possibly shifting from the status quo to future state platforms.
• Partner with BTS to design and implement enhancement plans and act as a first point of contact for review and testing of BTS supported solutions.

Other

• Perform additional project work including deep dives of specific lines of business.
• Assist in the annual Planning exercise, liaising closely with Pricing and Risk Functions.
• Provide support for other Group Functions (Finance, Risk, Investments) as required.
• Manage a small team of actuarial and analytical focused individuals with varying levels of experience and skillsets.

You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.

About You:

We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.

What you need to have:

REQUIRED EDUCATION/TRAINING & EXPERIENCE:

A person in this position should meet the following requirements:

• Bachelor’s degree or equivalent experience
• At least eight years of industry experience with an insurance, reinsurance, or consulting background in reserving, pricing, or modelling roles.
• Qualified/near qualified as a Fellow of the Institute and Faculty of Actuaries, or equivalent.

What we prefer you to have:

OTHER DESIRED SKILLS & CHARACTERISTICS:

• Experience with management information systems is a plus (e.g., database and application development).
• Intermediate to advanced Excel, SQL Server, VBA capabilities; additional experience with ResQ, PowerBI, Tableau, and/or Oracle or similar applications is a plus.
• Strong communication and interpersonal skills.
• Self starter, proactive and prepared to operate autonomously.
• Ability to develop, recommend and implement new approaches.
• Ability to work occasional extended hours as required.
• Excellent organizational skills and a strong attention to detail as well as communication and interpersonal skills.

Role Factors:

In this role, you will be required to be in the office 2 days per week.

What we offer:

You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more.

About Us

We are shaping the direction of Insurance and Reinsurance during a critical and exciting time for the industry.

Whether you are a student approaching graduation or a seasoned professional looking for a new environment, AXIS has the right challenges and career opportunities for you. At AXIS, we value each individual and recognize that attracting and retaining the right people is essential to the success of our company.

We offer a comprehensive and competitive benefits package which includes medical plans for employees and their families, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.