Reserving Actuary, AFR

AXA XL; Dublin; On-site; EUR 65,000 - 85,000; Full time

Job summary

AXA XL in Dublin is seeking a Reserving Actuary for the Actuarial Financial Reporting team. This role involves business partnering, conducting deep dive analysis for valuation exercises, and contributing to business planning and legal assessments.

The ideal candidate will be a qualified actuary with experience in non-life insurance and a strong grasp of Solvency II regulations. Excellent communication skills are essential, as the position entails presenting complex analyses to stakeholders.

Qualifications

• Qualified actuary with relevant experience in non-life insurance, focusing on reserving.
• Knowledge of Solvency II regulations is essential.
• Proven ability to deliver under pressure.

Responsibilities

• Business partnering with different legal entity branches for reserve management.
• Assist in valuation exercises and deliver analysis for key lines.
• Contribute to the annual business plan development and target budget setting.
• Support legal entity assessments and changes.
• Engage in special projects for the development of the Actuarial team.

Skills

Actuarial Experience

Planning & Organisation

Compelling Communication

Business Partnering

Strategic Thinking and Tactical Implementation

Education

Qualified actuary

Tools

ResQ software

Excel add-in

Job description

AXA XL is an Equal Opportunity Employer.

Reserving Actuary – XLICSE Actuarial Governance & Solvency II, AFR

Dublin, Ireland

The role is for an actuary supporting the Head of XLICSE Actuarial Governance and Solvency II team for the AXA XL division in the Actuarial Financial Reporting team in Dublin. The Actuarial Financial Reporting team in Dublin is a key part of the AFR teams based in London, Paris, the US and India. The candidate will work closely with the AFR team, build and maintain good working relationships with the wider team, and collaborate with worldwide underwriting teams, Pricing actuaries, the Claims team, the Ceded Re team and the Finance team.

What You’ll Be Doing

What will your essential responsibilities include?

• Business Partnering: This role will have responsibility for business partnering with different legal entity branches, supporting with different legal entities’ views of reserves and/or performance. The candidate will support the business at the level of the different legal entity branches that the underwriters use, with a clear understanding of the different nature of these portfolios. They will have responsibilities to the individual legal entity’s actuaries to rationalize, document and present their results at these different levels.
• Deep dive analysis as part of Valuation exercise: The valuation is completed twice a year following quarter 1 and quarter 3 Actual vs Expected analysis. Assist in the delivery of this valuation analysis where key lines are potentially exhibiting unusual trends/claims experience. This would lead to:
  • Assessment, review and evaluation of the appropriateness of methodologies and assumptions across relevant lines of business, and drive changes where this is considered appropriate.
  • Reviewing the rationalisation of any changes to methods and assumptions and the impact on financial reporting.
  • Presentation of results and rationalisation to senior management both internal and external to the Reserving team.
• Business Planning: The Actuarial Financial Reporting team is a key contributor to the development of the AXA XL division business plan each year, and this role actively participates in setting the target budget loss ratios at the different portfolio levels for example loss trends, large losses, threat loads, CAT loads, ceded reinsurance. This will include evaluation of underwriting strategies with the business and their pricing actuaries.
• Legal Entity Support: The AXA XL division writes business through a number of different legal entities. You will be expected to contribute to legal entity assessments and support the rationalisation of legal entity changes and impacts in respect of these businesses.
• Special Projects: Alongside your business and legal entity responsibilities, you may also become involved in special projects intended to contribute to the development of the Actuarial Financial Reporting team as a whole which could involve development of processes or exhibits or focused investigations regarding new methodologies or assumptions potentially impacting the reserving analysis for all lines.

What You’ll Bring

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

• Actuarial Experience: Qualified actuary with relevant experience within the non‑life insurance industry, with a focus on reserving. Knowledge of ResQ software and Excel add‑in would be an advantage. Knowledge of Solvency II regulations and developments. A track record demonstrating development of leadership capabilities as well as the ability to ensure timely delivery under pressure is essential.
• Planning & Organisation: Ability to manage multiple conflicting tasks and outputs, plan long‑term deliverables and ensure tasks are planned and completed accordingly, communicating any delays or complications early and resolving appropriately.
• Compelling Communication: Excellent verbal and written communication, collaboration and presentation skills. Must be able to communicate even negative or difficult messages in a constructive and effective manner at all levels. Relevant experience presenting and communicating ultimate claims movements and trends to underwriters.
• Business Partnering: Demonstrate an in‑depth knowledge of the businesses responsible for, and translate actuarial output into business value, ensuring customers understand the practical implications of our analyses and how the information can help them make appropriate business decisions.
• Strategic Thinking and Tactical Implementation: Ability to invent, design and build solutions.