Actuarial Analyst, Reinsurance Pricing
AXA XL is a leading provider of reinsurance solutions in North America, and they are seeking an Actuarial Analyst to support their Pricing & Analytics team. The role involves pricing individual treaties, enhancing technical pricing capabilities, and collaborating with various stakeholders to achieve profitability targets.
Responsibilities
- Provide pricing support to the underwriting team: Evaluate historical and prospective profitability of property reinsurance treaties. You will use a combination of experience and exposure pricing techniques and will consider all possible perils, including natural catastrophes. Assess various reinsurance structures and terms and conditions to achieve minimum profitability targets. Follow global pricing guidelines to ensure consistency in pricing. Present and explain pricing indications to peer reviewers, underwriters and for larger accounts, to AXA XL Re North America senior management
- Enhance AXA XL’s technical pricing and portfolio management capabilities: Use appropriate data sources to monitor and update industry benchmarks for rate change, trends, and loss development factors. Work with other actuaries to improve models and fine-tune assumptions and methodologies. Contribute to implementation and testing efforts for reinsurance segment pricing models
Skills
- Bachelor's Degree or better in Actuarial Science, Mathematics, Statistics or related STEM field
- Taking actuarial exams with intent to qualify in the Casualty Actuarial Society
- Advanced knowledge of Excel and VBA required
- Ability to acquire technical knowledge and adapt to new environments quickly
- Excellent communication skills to build effective working relationships with underwriters and other actuaries
- Ability to multi-task and progress on several assignments at once, balancing short-term time pressures against long-term goals
- Must have solid organizational skills and attention to detail
- Intermediate P&C insurance or reinsurance experience preferred but not required
- Ability to code in Python preferred
- Basic understanding of R desirable
Benefits
- Flexible Working Arrangements
- Enhanced family-friendly leave benefits
- Competitive retirement savings plan
- Health and wellness programs
- A wide range of learning opportunities
Company Overview