Actuary Professional

Job Summary

Actuary. Gurgaon. In this role you will support the Head of Pricing, Global Programs.

We are seeking a qualified or near qualified actuary with relevant experience to ensure AXA XL remains a leader in the field of PC Programs Business.

The successful candidate will be highly driven, able to effectively communicate across functions with technical skills to support evolving pricing and analytic needs to drive profitability.

Responsibilities

• Lead pricing support to the Programs underwriting team on active Programs. Perform own analyses and peer review work of others. This involves reviewing qualitative and quantitative information to estimate underlying loss trends, rate changes, impacts from underwriting actions, ground-up and excess loss development factors, increased limit factors, and develop an estimate of future profitability.
• Manage, mentor, and develop a team of junior actuaries.
• Support delivery of core tasks such as planning, rate monitoring, new programs profitability assessment, and core pricing metrics.; Enhancement of existing worksflows/exhibits when necessary, as needed by internal stakeholders.; Ability to Self Supportedly create new reports or workflows depending on business needs and pass along to team.
• Work with other members of the Pricing Analytics team to ensure maintenance of AXA XL's current programs pricing tools and technical documentation.
• Engage internally with Underwriting, Business Ops, Reserving, Claims, Finance, and Capital Modelling.; Consistent external communication with AXA XL's various program partners.
• Help the team to stay abreast of regulatory and technological changes that affect pricing including use of industry research databases and actuarial tools.
• Work with data operations team in tracking, managing, and improving Programs premium and loss data at appropriate grains.
• Support underwriters within NA programs with regular reporting and ad-hoc analysis.
• Support Head of pricing, NA programs by working closely with the data to provide insights to share within the pricing team.
• Ensure compliance of pricing guidelines with the team
• Take ownership of key metrics including program profitability, portfolio mix, rate change and RRL.

You will report to Head of Pricing - Central Pricing Metrics.

What you will bring

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

Required Skills and Abilities:

• Qualified actuary - FIA, FCAS, FIAA, FSAI with post-qualification experience.
• Degree in Actuarial Science, Mathematics, Applied Math, Statistics, or related field.
• General Pricing Knowledge: General understanding of actuarial pricing on various different product lines.
• General Reserving Knowledge: Understanding of commonly used reserving methodologies, assumption setting and techniques.
• Detail oriented but also need to appreciate the real-world vagaries associated with Programs business and third party data.
• Outstanding verbal and written communications skills to gain buy-in to communicate clearly and concisely with internal and external clients.
• Ability to work self-directed and manage junior team workflow with minimal supervision and as part of a global team.

Desired Skills and Abilities:

• Able to work with pricing and underwriting teams across geographies.
• Management / Development experience of junior analysts.
• Actuarial communication to internal and external stakeholders.
• Ability to identify business needs and be creative to invent, design and build solutions accordingly
• Ability to work under pressure and to manage multiple tasks and projects whilst being adaptive to changing business priorities.
• Working experience in Programs space.
• R programming skills desired. Other coding experience is a plus.