Specialist, Reserving 2 nd Opinion
Gurgaon, Haryana, India
This position is part of the AXA XL Risk Management team which is organized in several Centers of Excellence (Actuarial Risk, Underwriting Risk, Risk Governance and Control, Financial and Market Risk and Catastrophe Risk). This role is part of the Reserving team of the Actuarial Risk Center of Excellence and based in India. The Risk Management team is a strategic department within AXA XL dealing with the most difficult PC challenges and influencing strategic decisions in operations of a leading international Commercial Lines and Reinsurance company. The actuarial analysis and valuations carried out by Risk Management s Reserve 2 nd Opinion team cover all technical provisions, for the full range of AXA XL s lines of business, on a worldwide basis. Analysts and Specialists work together with the Reserve 2nd Opinion actuaries and take part in various analytical projects to support the achievement of the team objectives. One of the core objectives of the team is to provide an opinion of AXA XL s technical reserves and profitability. The successful candidate will have the opportunity to prepare and support the actuarial reserve assessment for several lines of businesses, encompassing both the Insurance and Reinsurance segments.
DISCOVER your opportunity
What will your essential responsibilities include
Assist the Reserve 2 nd Opinion actuaries to conduct regular technical and reserve valuation analyses across relevant lines of business. Contribute to Risk Management s opinion on the Business Plan loss ratios. Contribute to the performance, from time to time, of deep dive analysis on specific Lines of Business.
Prepare actuarial reports, results summaries, and various exhibits in appropriate form for stakeholders.
Assist the Reserve 2 nd Opinion team in preparing the process, tools, and databases, maintain databases perform reconciliation checks.
Assist the Reserve 2 nd Opinion team in developing tools for new needs as well as in enhancing tools for improved efficiency, reliability, or functionality.
Maintain up-to-date documentation of processes.
You will report to the Reserve 2 nd Opinion actuary.
SHARE your talent
We re looking for someone who has these abilities and skills:
Required Skills and Abilities:
Relevant experience in PC actuarial fields, with an outstanding reserving background.
Undergraduate degree in a numerate subject and at least 5 CS and CM Series Exams (Institute of Actuaries) or equivalent.
Advanced technical PC actuarial knowledge in reserving. Proficient in actuarial reserving software.
Demonstrable experience and skill in developing actuarial models or reporting tools.
Excellent analytical, research, and problem-solving skills.
Keen attention to detail.
Robust oral and written communication skills.
Keen ability to enhance/organize team working practices.
Desired Skills and Abilities:
Outstanding computer application skills, specifically Excel, Power Query, Power BI, SQL, and Visual Basic Application.
Ability to work with minimum supervision.
Ability to work resiliently and as part of a team.
Ability to handle multiple priorities and tight deadlines and be responsible for priorities and deadlines for others.
Capability to work in a multicultural environment with correspondents located in the US, France, India, and the UK.
FIND your future
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 axaxl.com
Inclusion Diversity
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 a diverse workforce enable business growth and are critical to our success. That s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can 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.
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. Were 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.
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