Deputy Head of Model Reporting

AXIS Re; Greater London; Hybrid; GBP 120,000 - 180,000; Full time

Benefits offered by this job

Medical plans for you and family

Health and wellness programs

Retirement plans

Tuition reimbursement

Paid annual leave

Job summary

AXIS Capital is seeking a Deputy Head of Model Reporting to lead the Capital Modelling team’s use of the internal model and to oversee regulatory capital reporting across Lloyd’s syndicates. You will work with Ceded Reinsurance, Pricing and Third-Party Capital to ensure accurate, timely analyses and robust governance.

You will provide technical direction, drive model validation, and manage a small team while communicating complex analyses clearly to senior stakeholders.

Qualifications

• Near-qualified or qualified actuary with substantial experience in an actuarial risk or capital modelling environment.
• Hands-on experience of using, maintaining or developing stochastic capital models.
• Experience of reviewing technical work and managing deliverables to tight deadlines.

Responsibilities

• Lead the incorporation of new business plans into the internal model and analyse movements from the previous plan.
• Oversee modelling outputs, capital reporting and governance across Lloyd's syndicates.
• Partner with reinsurance, pricing and capital teams to assess risk transfer and capital impact.
• Provide technical direction and coaching to juniors while ensuring clear documentation.

Skills

Actuary experience

Stochastic modelling

Regulatory reporting

Technical judgement

Coaching/leadership

Education

Actuarial qualification

Tools

Tyche

Igloo

ReMetrica

Job description

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 any protected characteristic, including age, color, disability, ethnicity, gender identity, marital status, national origin, pregnancy, race, religion, sex, sexual orientation, veteran status, or any basis prohibited by the laws that govern its operations.

Job Description: Deputy Head of Model Reporting

How does this role contribute to our collective success? The Deputy Head of Model Reporting is a senior member of the Capital Modelling team, responsible for leading key uses of AXIS’s internal capital model, which is built on the Tyche platform, and collaborating on its development, validation and governance. The role supports the Head of Model Reporting, providing technical direction, delivery oversight and continuity of leadership. The role has particular responsibility for business plan integration, reinsurance analysis, risk profile monitoring, and the calculation and analysis of regulatory capital for AXIS’s Lloyd’s syndicates. Working closely with Ceded Reinsurance, Pricing, Third-Party Capital and other stakeholders, the Deputy Head ensures that analysis is robust, clearly communicated and delivered to the required standard and timetable.

What will you do in this role?

Model use and reporting

Lead the incorporation of new business plans into the internal model and analyse movements from the previous plan. Explain the resulting impact on capital requirements, risk profile and model outputs to senior management and other stakeholders. Monitor and report changes in AXIS’s risk profile, highlighting material movements, concentrations and implications for capital. Oversee accurate and timely management and regulatory capital reporting, with clear explanations of drivers, assumptions, judgements and limitations. Lead the calculation and analysis of regulatory capital for AXIS’s Lloyd’s syndicates. Undertake targeted analysis of emerging capital, risk, regulatory and business issues, presenting conclusions and recommendations.

Reinsurance analysis

Partner with Ceded Reinsurance, Pricing and Third-Party Capital to assess proposed outwards reinsurance and retrocession arrangements. Use internal model outputs to evaluate capital impact and risk transfer effectiveness, including key drivers, limitations and sensitivities. Use the internal model to support the pricing and assessment of AXIS’s intragroup reinsurance covers. Ensure that analysis is appropriately reviewed, documented and communicated to relevant decision-makers.

Model updates, validation and governance

Lead or oversee model updates required to reflect developments in AXIS’s business, risk profile, material exposures and modelling requirements. Ensure that changes are supported by clear analysis, testing and documentation; explain material movements and their underlying causes. Maintain a thorough understanding of the model’s structure, inputs, outputs, assumptions, limitations and dependencies on external economic and catastrophe models. Contribute to validation of model methods, inputs, outputs and implementation, using findings to identify limitations and prioritise future development. Provide constructive challenge to methods, assumptions, judgements and results; support timely resolution of findings and actions. Maintain proportionate documentation covering methodology, assumptions, parameter selections, changes, limitations and intended uses. Prepare clear materials for management and governance forums, and maintain appropriate records of decisions, reviews and actions. Identify opportunities to improve the efficiency, reliability and transparency of model processes and reporting.

Leadership

Oversee key deliverables, ensuring that work is technically robust, appropriately reviewed and clearly documented. Help plan and prioritise the team’s work, allocate responsibilities and monitor delivery against agreed deadlines. Provide technical direction, constructive review and coaching; directly manage and develop junior team members. Escalate material issues, uncertainties and delivery risks promptly, with a clear assessment and proposed resolution. Promote proportionate controls, effective review and continuous improvement across the team’s processes.

Stakeholder relationships and communication

Build effective relationships across Capital Modelling, Ceded Reinsurance, Pricing, Third-Party Capital and other relevant functions. Engage stakeholders early to clarify requirements, resolve issues and support timely delivery. Provide clear technical advice while recognising the commercial, regulatory and governance context.

About You

Required qualifications and experience

Near-qualified or qualified actuary with substantial experience in an actuarial risk or capital modelling environment. Hands‑on experience of using, maintaining or developing stochastic capital models. Strong understanding of capital modelling concepts, including risk distributions, aggregation, dependencies and model limitations. Experience of reviewing technical work, providing constructive challenge and managing significant deliverables to demanding deadlines.

Desirable experience

Use of Tyche, Igloo, ReMetrica or comparable capital modelling software. Lloyd’s capital modelling or regulatory reporting experience. Line management or formal supervision of junior colleagues. Coding, database or process automation experience.

Skills and characteristics

Strong planning, organisation and prioritisation skills, with careful attention to detail and the ability to reach clear, evidence-based conclusions. Strong technical judgement, intellectual curiosity and a willingness to challenge constructively. Ability to combine attention to detail with a clear focus on the most important conclusions. Clear, direct communication tailored to the audience. Ability to build effective relationships at all levels. Ownership of delivery, prompt escalation of issues and effective collaboration. Ability to explain drivers of change and communicate complex analysis clearly to technical and non-technical audiences. Commitment to coaching, knowledge sharing and the development of colleagues.

Role Factors

The role will typically require office attendance three 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.
• Rewarding.
• Challenging.
• Meaningful.
• 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.
• At AXIS, we value each individual and recognize that attracting and retaining the right people is essential to the success of our company.
• 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.