Actuary, Structured Risk Solutions

AXA XL; New York (NY); On-site; USD 118,700 - 207,800; Full time

Benefits offered by this job

Competitive retirement savings plan

Health and wellness programs

Learning opportunities

Job summary

AXA XL is seeking a qualified actuary to join their Structured Risk Solutions (SRS) team in New York. The role involves actuarial pricing analysis, supporting underwriting processes, and developing pricing tools. Candidates should have significant experience in non-life insurance pricing, preferably with SRS experience, and expertise in programming (Python/R/SQL). The base salary range for this role is USD $118,700 - $207,800, complemented by an array of benefits.

Qualifications

• Qualified actuary (FIA, FCAS or equivalent) required.
• Significant experience in non-life insurance pricing, ideally SRS pricing.
• Commercial programming experience in Python/R/SQL is necessary.

Responsibilities

• Represent pricing and analytics in product meetings.
• Conduct independent profitability analyses and provide guidance to underwriting.
• Develop new pricing tools and calibrate rating factors.

Skills

Qualified actuary (FIA, FCAS or equivalent)

Significant experience of non-life insurance pricing

Programming (Python / R / SQL)

Proficiency in Excel

Influencing and negotiating skills

Exceptional analytical skills

Excellent written communication skills

Leadership skills

Strategic thinking

Education

Qualified actuary (FIA, FCAS or equivalent)

Tools

Python

R

SQL

Excel

Job description

This role will involve working closely with underwriters, Alternative Risk Solutions professionals and primarily the Head of Structured Risk Solutions (SRS), Americas. You will be involved in all aspects of SRS Pricing and will contribute to the underwriting process by providing an independent technical premium to underwriters for large Structured Risk Solutions deals. You will represent the Pricing team for SRS matters internally and externally, presenting your pricing indications.

What You’ll Be Doing

• Colleague Interactions:
  • Represent pricing and analytics in product meetings
  • Coordinate with Global Product Pricing Actuaries
  • Understand data and processes and propose improvements that will enhance analysis and efficiency of the pricing process in a manner commensurate to the profit
• Actuarial Pricing Analysis:
  • Pricing complex (re)insurance deals, including supporting the structuring of the transactions
  • Perform Independent Profitability Analyses as needed to provide business guidance to Underwriting
  • Build understanding of Global Specialty business segment through appropriate participation in various other analyses including audits of pricing tool data and rate level analysis
• Underwriting and Pricing Tools:
  • Development of new pricing tools, and the associated pricing process
  • Conduct Case Price Referrals for deals that fall out of scope of the pricing model
  • Provide training and guidance to underwriters on pricing model
  • Calibration of rating factors as data allows
  • Ongoing maintenance and enhancement of pricing model to enable better underwriting decisions
  • Review and monitoring of underwriting metrics
  • Collaborate with the analytics team on improving the pricing model based on new data sources and analytical techniques
• Reinsurance Analysis, Risk Management and Regulatory Support:
  • Capital modeling support including development of underwriting risk assumptions
  • Provide actuarial pricing support for regulatory reports as required
  • Providing pricing and analytics support for Reinsurance Treaty renewals as needed

Required Skills and Abilities

• Qualified actuary (FIA, FCAS or equivalent)
• Significant experience of non-life insurance pricing (casualty preferred), SRS pricing experience would be ideal
• Commercial experience of programming (Python / R / SQL)
• Proficiency in Excel
• Developed ability to Influence and negotiating skills
• Leadership skills to work collaboratively with colleagues across functions to build consensus
• Exceptional analytical skills and verbal communications skills to gain buy-in
• Excellent written communication skills
• Robust ability to think strategically and apply critical thinking to solve problems

You will report to the Head of Pricing for Life, A&H, ELA, CM, S&E and SRS.

Compensation

The U.S. base salary range for this position is USD $118,700 - $207,800. Additional benefits include a competitive retirement savings plan, health and wellness programs, and learning opportunities. Exact pay will be determined based on skills, experience, and location.

Equal Opportunity Employer

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. This inclusive culture enables business growth and is critical to our success.