Pricing Actuary

AXA XL; Greater London; On-site; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Flexible working

Diversity programs

Family leave

Employee resource groups

Job summary

AXA XL in London seeks a talented pricing professional to support the Head of Casualty Pricing International Reinsurance on the US Casualty portfolio. You will collaborate with underwriters and gain exposure to regional leadership from day one.

The International Re region spans Europe, the Middle East, Africa and Asia, with around $1.5bn annual gross written premium. You will help develop pricing methodologies, calibrate tools, and ensure governance across pricing models.

Qualifications

• Qualified actuary with FIA/FCAS/FIAA/FSAI credentials and post-qualification experience.
• Non-life insurance/reinsurance pricing experience is essential.
• Strong communication and stakeholder management skills.
• Ability to translate actuarial outputs for underwriters and management.

Responsibilities

• Lead pricing support for the US Casualty underwriting team and participate in pricing committees.
• Manage junior actuaries and develop pricing methodologies aligned with global standards.
• Develop, test and calibrate pricing tools and maintain pricing documentation.
• Collaborate with Pricing & Analytics across regions to ensure consistent approach.
• Use analytics to drive underwriting decisions and improve pricing reliability.

Skills

FIA/FCAS credentials

Pricing experience

Non-life insurance

Communication skills

Stakeholder management

Underwriting collaboration

Education

FIA/FCAS/FIAA/FSAI designation

Job description

• Communicate difficult messages in a constructive manner.

London, United Kingdom

We are looking for a talented and motivated professional to join the Reinsurance Pricing & Analytics team at AXA XL. In this role you will provide support to the Head of Casualty Pricing International Reinsurance in all aspects of pricing primarily focusing on the US Casualty portfolio. You will work closely with underwriters and have exposure to management from the very start. There will also be opportunities to participate in cross-region and cross-product projects at a Reinsurance segment level.

The International Re region of AXA XL writes approximately $1.5bn of annual gross written premium and provides significant career development opportunities for the right candidate over the longer term. Our region encompasses reinsurance markets across Europe, Middle East, Africa and Asia. The Pricing & Analytics team partners directly with underwriting and executive management as we look to develop and deliver our strategic objectives.

What You’ll Be DOING

What will your essential responsibilities include?

• Lead pricing support to the US Casualty underwriting team, conduct deal pricing/reviews and contribute during underwriting committees.
• Manage a team of junior actuaries
• Driving development of pricing methodologies (aligned to global strategies and standards) including parameters/assumptions, impact analysis, and advanced pricing techniques.
• Lead efforts in development, testing and calibration of pricing tools. Maintain required technical pricing documentation and enforce pricing model governance.
• Work with other members of the Pricing & Analytics team to ensure consistency of approach across the product and region (US counterparts and colleagues in Europe).
• Utilise analytics/MI to drive superior business performance and provide decision making guidance throughout the underwriting process. Gather underwriting data and analytics needs and work with underwriters to improve pricing reliability and process efficiency.
• Evaluate profitability of key businesses in support of portfolio management and monitoring, strategy development, business planning, and to address concerns raised by management.
• Train underwriters and junior actuaries in pricing approaches. Ensure compliance with global pricing guidelines and drive appropriate consistency in pricing across International Re.
• Provide input into the quarterly reserving process and annual capital model parameterisation where appropriate.

You will report to the Head of Casualty Pricing International Reinsurance.

What You Will BRING

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

Required Skills And Abilities

• Qualified actuary - FIA, FCAS, FIAA, FSAI with post-qualification experience
• Relevant experience within the non-life insurance Industry. Reinsurance and/or commercial insurance backgrounds are welcomed. Pricing experience is essential.
• Strong ability to acquire technical knowledge and adapt to new environments quickly.
• Excellent communication skills to build effective working relationships within and beyond the Pricing & Analytics function.
• Explain and translate actuarial concepts and outputs to stakeholders.
• Communicate difficult messages in a constructive manner.

Desired Skills And Abilities

• Able to work with pricing and underwriting teams across geographies.
• Ability to work under pressure and to manage multiple tasks and projects whilst being adaptive to changing business priorities.
• People management experience non-essential but candidate should demonstrate potential to manage and work with a diverse team from different backgrounds and cultures.
• Ability to identify business needs and be creative to invent, design and build solutions accordingly
• Experience working in the Casualty line of business

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 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