Capital Modelling Analyst

AXA; Gurugram District; Presencial; INR 1.500.000 - 2.300.000; Jornada completa

Descripción de la vacante

AXA XL in Gurgaon, India, invites a Capital Modelling Analyst to join the team supporting the internal capital model. You will work on data transformation, coding in Python/R, and model development to enable risk assessment and regulatory compliance across AXA UK components.

You will collaborate with actuarial and risk teams, maintain models, and help translate complex risk insights into business impact. A strong numerate background and programming skills are essential.

Formación

• Progress in actuarial exams desirable but not mandatory
• Highly numerate and analytical with good academic record
• Some Python, R and SQL coding and algorithms skills
• Excellent mathematics skills with a good understanding of probability distributions
• Understanding of modelling techniques such as regression, classification and basic frequency severity loss forecasting techniques
• Ability to design, undertake and communicate analyses under supervision from more experienced technical specialists
• Excellent data management and transformation skills
• Ability to work across functional teams

Responsabilidades

• Calibrate, run, maintain, develop and validate the Internal Model across AXA UK using ReMetrica
• Support production of insurance risk assumptions calibrations for AXA UK
• Develop and maintain the Internal model to meet regulatory requirements
• Develop and maintain loss forecasting risk models
• Code in R/Python and visualize risk distributions to interpret business impact
• Manage processing of financial data for capital models
• Participate in group working parties and plan model evolution
• Assist in regulatory and other approvals for internal model components

Conocimientos

Numerical skills

Analytical thinking

Python

R

SQL

Mathematics

Data transformation

Educación

IIT/IIIT background

Herramientas

ReMetrica

Descripción del empleo

Capital Modelling Analyst

Gurgaon, Haryana, India

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 can serve clients in more than 200 countries. The key purpose of the role is to support the Capital Modelling team in its coding, data transformation and modelling needs.

What you’ll be DOING

What will your essential responsibilities include?

Capital Modelling:

• Support the calibration, running, maintenance, development and validation of the Internal Model across AXA UK (Health, Personal Lines & Commercial lines). The principal tool used is ReMetrica.
• Support the production of insurance risk assumptions calibrations for AXA UK
• Support the development and maintenance of the Internal model to ensure compliance with the risk measurement requirements evolving within local regulatory rules
• Develop and maintain loss forecasting risk models
• Working in advance R/Python in in development of risk models and to visualise and understand risk distributions and interpret / translate to impact on the business
• Manage the processing of detailed financial accounting data into a suitable format for entry into the capital models
• Participate and contribute to group working parties and develop appropriate model evolution plans for implementation
• Assist in meeting regulatory and other requirements to secure ongoing approval for the AXA UK components of the internal model used for capital assessment
• Other ad-hoc tasks requiring coding expertise

Risk Management

• Ensure an effective insurance risk management system which complies with Group and Local policy requirements and those of the regulator.
• Supporting the capital assessment process – see above.
• Assisting in the development and embedding of capital-related Insurance and Health risk appetites within AXA UK.
• Ensure compliance with relevant policies
• Incorporating profitability measures within the business in line with solvency and other business requirements

Reinsurance Arrangements

• Assist Capital leads in the review of the annual reinsurance process by performing analysis to determine whether risk transfer arrangements are efficient and optimal.

Actuarial Research and Development

• Deliver appropriate actuarial analysis and research to support business goals and drive strategy as may be requested from time to time
• Collaborate with other colleagues in the wider Capital Team & Actuarial Function on latest developments.

Internal Financial Control (IFC), Internal Model Review (IMR) and External Validation

• Ensure processes and controls are undertaken and evidenced appropriately in a timely manner.

You will report to Vice President, Group Services.

What you will BRING

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

Required Skills and Abilities:

• Progress in actuarial exams is desirable but not mandatory
• Highly numerate and analytical with good academic record (preferably IIT/IIIT),
• Some Python, R and SQL coding and algorithms skills
• Excellent mathematics skills with a good understanding of probability distributions. Basic understanding of copulas would be a plus.
• Understanding of modelling techniques such as regression, classification and basic frequency severity loss forecasting techniques
• Ability to design, undertake and communicate analyses under supervision from more experienced technical specialists
• Excellent data management and transformation skills
• Ability to work across functional teams

Desired Skills and Abilities:

• Knowledge of ReMetrica beneficial but not essential
• Some basic accounting concepts for GAAP/IFRS would be a plus
• Curious, inquisitive, innovative and open to new ideas.
• Excellent attention to detail
• Good verbal and written communication skills
• A self-supported with effective organizational skills
• Experience of working for a general insurer or health insurer
• Knowledge of reserving and / or pricing, which is beneficial to capital modelling decisions

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.

Learn more at axaxl.com

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 and 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 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.