Senior Capital Actuary

AXA Group; London; On-site; GBP 65,000 - 90,000; Full time

Job summary

A leading company in the re/insurance sector is looking for a Capital Modelling Specialist in London. This role involves supporting the development of internal capital models and leading initiatives to ensure compliance with AXA Group standards, while managing a small team. The right candidate will be a qualified actuary with a proven background in capital modelling, excellent attention to detail, and strong communication skills.

Qualifications

• Proven track record in capital modelling or simulation-based modelling role.
• Experience in people management.
• Excellent attention to detail, highly numerate and analytical.

Responsibilities

• Support model development and parameters validation.
• Manage and develop three junior staff members.
• Communicate model outputs to non-technical stakeholders.

Skills

Attention to detail

Analytical skills

Communication skills

Curiosity

Numeracy

Education

Qualified actuary or equivalent experience

Tools

SQL

R

Job description

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AXA XL is the Property & Casualty risk division of AXA. We partner with mid-sized to multinational clients to take their business further, with more than 30 lines of business to offer solutions for existing and emerging risks. With 9,000+ colleagues based in approximately 30 countries we are able to serve clients in more than 200 countries.

The key purpose of the role is to support the Head of Capital Modelling – Division in ensuring that the risk profile of the AXA XL Division is adequately modelled and communicated.In particular this includes supporting engagement with AXA Group and the ACPR on capital issues in respect of the AXA XL Division such as the annual SCR assessment process.

What you’ll be DOING

What will your essential responsibilities include?

·Support the Head of Capital Modelling – Division in the development and maintenance of an internal capital model for the Division that reflects AXA Group standards.This includes support, review and challenge of parameterisation processes, validation of model output maintenance and optimisation of model code and model documentation

·Support the Head of Capital Modelling - Division in co-ordinating and running appropriate committee and governance processes for the internal model

·Responsible for the production and presentation to senior management of the XLB Standard formula (BSCR) and such other analysis on this basis as may be required to support business strategy and planning

·Subject matter expert on the outwards reinsurance implementation in the capital model, including input gathering/processing and in-depth understanding of the impact of the various ceded structures on AXA XL’s capital position. Maintain robust analyses of the ceded reinsurance programme and provide such information as may be required to support both the first and second opinions on the Ceded Reinsurance programme

·Subject matter expert on the Reinsurance Credit risk module, including the responsibility for liaising with teams across the AXA XL Division and AXA Group to set, review and challenge the parameters and modelling outputs.

·Communicate the output and methodology with other parts of AXA XL, including those with a non-technical background

·Develop and optimise the model output shared with key model stakeholders and ensure these are fit for purpose, meet the requirements of the business and used appropriately

·Respond to queries or ad hoc investigations regarding the capital or underlying risk position of the Division

·Provision and development of capital modelling output to support actuarial analyses and risk second opinions

·Support for other entities within AXA XL using output from the Divisional model

·Direct management and development of three junior staff members

You will report to the Head of Capital Modelling - Division.

What you will BRING

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

Required Skills and Abilities:

·Qualified actuary or equivalent experience

·Demonstrable track record in capital modelling or other simulation-based modelling role

·Experience in people management

·Curious, inquisitive, innovative and open to new ideas

·Excellent attention to detail

·Highly numerate and analytical with very good academic record

·Good written and verbal communication skills

·SQL and R coding skills beneficial

·A self-starter with effective organizational skills

Who WE are

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.

How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.

With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.