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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.

Deputy Head of Modelling Reporting

Department: Capital Modelling

Reporting to: Head of Model Reporting

Job Description

This role works within the Capital Modelling team, supporting the Head of Model Reporting with all uses of the Internal Model, which is built on the Tyche software platform.

A particular area of focus will be the modelling of the Business Plan and outwards reinsurance, which will involve working closely with AXIS’s Ceded and Pricing teams.

There will also be the opportunity to work on a wide variety of model uses, such as setting regulatory capital for AXIS’s Lloyd’s syndicates.

Job Responsibilities

Model Use

• Updating the internal model to reflect new business plans and analysing the changes from the prior plan, to help provide insights to senior management

• Collaborating with Ceded reinsurance, Pricing and Third-Party Capital teams to assess outwards reinsurance/retro arrangements

• Using the internal model to price AXIS’s of internal intragroup reinsurance covers.

• Monitoring and reporting of AXIS’ risk profile

• Completing management and regulatory reports

• Undertaking ad hoc investigations where required

• Supporting other members of the capital team in calculation of regulatory capital for AXIS’s Lloyd’s syndicates

Model Updates, Development, Validation & Documentation

• Carrying out model updates and developing the internal model to appropriately reflect the business being written and to ensure that the model is up to date and fit for purpose

• Analysing and communicating changes in results to ensure that the modelling is transparent and robust

• Understanding the inputs, outputs and limitations of the model and related external models, such as those for economic and catastrophe scenarios

• Participating in the validation of model methods, inputs and outputs to ensure the model operates as intended; to enhance understanding and guide future developments

• Maintaining documentation on the rationale for selection and alteration of parameters within the model

Leadership and relationships

• Presenting and explaining results and decisions to management

• Proactively Engaging with other teams and stakeholders to ensure comprehensive understanding of the modelling and timely delivery of results

• Providing leadership, advice and training to other members of the capital team

• Management of junior team members may be required in the future

About You

Required Qualifications and Experience:

• Near-qualified or newly-qualified actuary with 3+ years in-depth experience in an actuarial risk and capital modelling environment

• Experience in using and maintaining stochastic capital models

Other Desired Skills & Characteristics:

• Highly computer literate, able to use spreadsheets, databases and learn the use of new systems

• Experience in using capital modelling simulation software such as Tyche, Igloo or ReMetrica

• Additional coding experience is a plus

• Enthusiasm to ask questions and fully understand the work we carry out and its implications for the business

• Ability to plan effectively and organise and prioritise workload; strong attention to detail

• Ability to structure analyses and modelling coherently and clearly

• Capable of developing and maintaining effective relationships at all levels

• Excellent communication skills, both oral and written

• Experience of presenting results to stakeholders

Role Factors

In this role, you will typically be required to:

• Be in the office 2-3 days per week