Sr. Associate, Reinsurance Pricing

AXA XL; Gurugram District; On-site; INR 900,000 - 1,300,000; Full time

Job summary

AXA XL in Gurgaon seeks a Senior Associate - Reinsurance Pricing to join the catastrophe modelling team. You will gather information from clients, brokers and underwriters, and model reinsurance structures using RMS tools to support actuarial and underwriting decisions.

You will work with clients to understand exposures, review results, explain limitations, and resolve issues promptly while developing reports and scripts to improve data transfer and risk calculations.

Qualifications

• cat modeling, RMS RiskLink/Risk Modeler experience, AIR product experience, reinsurance terms and conditions, statistical and mathematical concepts
• Undergraduate-level knowledge of statistics and mathematics is implied by requirements
• Experience with data interpretation and modeling processes is expected

Responsibilities

• 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.
• Explain modeling results, review exposures, and resolve issues promptly.
• Assess data quality and make necessary assumptions for modeling.
• Create reports for client exposure and model losses.
• Support projects to improve the function such as model validation, exposure aggregation, tool development, and data mining.
• Prepare quarterly aggregation reports and provide loss distributions by peril/region.
• Develop process scripts to facilitate data transfers and optimize risk calculations.
• Perform other job-related duties as assigned.
• Report to Lead (AVP) - Reinsurance Catastrophe Modeling.

Skills

cat modeling

RMS (RiskLink/Risk Modeler)

AIR product experience

reinsurance terms and conditions

statistical concepts

mathematical concepts

Microsoft Office

SQL

Python

VBA

Tools

RMS RiskLink/Risk Modeler

Air product tools

Microsoft Office (Excel, Access)

SQL

Python

VBA

Job description

Job Summary

Senior Associate - Reinsurance Pricing Gurgaon

Responsibilities

• 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 process 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.

Requirements

• 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.

Skills

• cat modeling
• RMS (RiskLink/Risk Modeler)
• AIR product experience
• reinsurance terms and conditions
• statistical and mathematical concepts
• Microsoft Office (Excel, Access)
• SQL
• Python
• VBA

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