Senior Associate, Reinsurance Pricing

AXA Global Business Services; Gurugram District; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

AXA XL in Gurgaon, Haryana, India is seeking a Senior Associate - Reinsurance Pricing to help quantify catastrophe risk and support risk management. The role involves interpreting client data, modeling exposures, and collaborating with underwriters to optimize reinsurance structures.

You will report to the Lead (AVP) - Reinsurance Catastrophe Modeling and work with teams across analytics, actuarial, and risk management.

Qualifications

• Catastrophe modeling experience is essential.
• Familiarity with RMS products (RiskLink/Risk Modeler) is required.
• Undergraduate-level knowledge of statistics/mathematics is required.

Responsibilities

• Gather data from clients, brokers, and underwriters.
• Model catastrophe reinsurance structures to support actuarial/underwriting.
• Explain modeling results and limitations to clients and stakeholders.
• Assess data quality and prepare client exposure and model loss reports.
• Support model validation, exposure aggregation, and data mining projects.
• Prepare quarterly aggregation reports and in-force portfolio analyses.

Skills

RMS RiskLink

Python

SQL

VBA

Excel

Interpersonal & communication

Education

Undergraduate degree in statistics/math/related field

Tools

RiskModeler

RMS

Excel

Job description

Senior Associate - Reinsurance Pricing

Gurgaon, Haryana, India

We invent the new to help the world move forward. Combining powerful analytics and deeper insights with bigger ideas and innovative answers, we free up our clients' potential, thereby fulfilling our own. Take it seriously. Make it fun. Know it matters. Quantify cat risk embedded in reinsurance submissions for the Reinsurance operations. Support broader risk management initiatives in collaboration with corporate areas.

What you'll be DOING

What will your essential responsibilities include

• Gather and interpret information from clients, brokers, and underwriters.
• Model catastrophe reinsurance structures and strategies using RMS and other vendors to support actuarial/underwriting functions.
• Work with our customers to understand exposures, review modeling results, explain modeling limitations, and resolve issues promptly.
• Assess data quality and make necessary assumptions for modeling. Create reports for client exposure and model losses.
• Support projects that improve our function such as model validation, exposure aggregation, tool development, and data mining.
• Assist in preparing the quarterly aggregation reports, building out in-force portfolios, and providing the corresponding loss distributions by peril/region.
• Develop processes scripts to facilitate data transfers and optimize risk calculations.
• Perform other job-related duties as assigned.

You will report to Lead (AVP) - Reinsurance Catastrophe Modeling.

What you will BRING

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

Required Skills and Abilities:

• Relevant years of experience in a cat modeling role. Experience with RMS products, especially RiskLink\\Risk Modeler, is necessary. AIR product experience would be highly advantageous.
• Understanding reinsurance terms and conditions would be highly advantageous.
• Undergraduate-level knowledge of statistical and mathematical concepts is required.

Desired Skills and Abilities:

• Robust computer skills in using Microsoft Office (Excel, Access), SQL, Python and VBA.
• Excellent analytical, interpersonal, communication, and organizational skills.

Who WE are

AXA XL, the PC 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.

HowBy 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

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 . 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.