Senior Capital Actuary

AXA Group; London; On-site; GBP 70,000 - 110,000; Full time

Job summary

Join a forward-thinking company as a Senior Capital Actuary, where your expertise in capital modelling will shape the future of risk management. This role involves developing and maintaining internal capital models, ensuring compliance with AXA Group standards, and presenting analyses to senior management. You will collaborate with diverse teams, driving innovative solutions and optimizing model outputs. With a commitment to sustainability and diversity, this dynamic environment empowers you to make a significant impact while advancing your career in a supportive culture. Embrace the opportunity to lead and inspire as you help redefine the actuarial landscape.

Benefits

Flexible working arrangements

Enhanced family leave benefits

Volunteering opportunities

Professional development programs

Diversity and inclusion initiatives

Qualifications

• Proven experience in capital modelling or simulation-based roles.
• Strong attention to detail and analytical skills required.

Responsibilities

• Support the Head of Capital Modelling in developing internal capital models.
• Communicate methodologies and outputs to non-technical stakeholders.

Skills

capital modelling

ReMetrica

SQL

R coding

analytical skills

communication skills

organizational skills

Education

Bachelor's degree in Actuarial Science or related field

Professional actuarial qualification

Tools

ReMetrica

SQL

R

Job description

Senior Capital Actuary

London

AXA XL is the Property & Casualty risk division of AXA, created from the acquisition of XL Catlin in 2018. 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.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.

DISCOVERyour opportunity

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 Head of Capital Modelling - Division.

SHARE your talent

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

• Demonstrable track record in capital modelling or other simulation-based modelling role
• Curious, inquisitive, innovative and open to new ideas
• Excellent attention to detail
• Competent ReMetrica user
• 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 strong organizational skills

FIND your future

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.

Learn more at axaxl.com

Inclusion & Diversity

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 and a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can 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.

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 environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
• Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
• AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.

For more information, please see axaxl.com/sustainability