Specialist Actuary
AXA Business Services · Gurugram · onsite · Posted 52d ago
Undisclosed4–4 yrsfulltimeSourced from
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About this role
AXA XL is an Equal Opportunity Employer.
Specialist Capital Actuary
Gurgaon, Haryana / India
AXA XL is the Property Casualty risk division of AXA, created from the acquisition of XL Catlin in 2018. We partner with mid-sized to multinational clients to take their business further, with more than 30 lines of business to offer solutions for existing and emerging risks. With 9,000+ colleagues based in approximately 30 countries we are able to serve clients in more than 200 countries. XLICSE is the main insurance company platform to operate under the AXA XL brand from branches within Europe and Asia Pacific.
The key purpose of this role is to support the Head of Capital Modelling, Ireland in ensuring that the risk profile of XLICSE is adequately modelled and communicated via an internal capital model that reflects AXA Group standards.
What youll be DOING
What will your essential responsibilities include
Support the ongoing development and use of approved Solvency II internal model for XLICSE including:
- Maintenance and adjustment of model code.
- Management and review of parameterisation processes, ensuring they are completed in time for model use and in line with specified standards.
- Performance testing on model outputs to ensure appropriateness of model calibration.
- Production and review of model inputs and outputs including justifying their appropriateness for the entitys exposure.
- Production of such written reports and quantitative output as may be required in the communication and validation of the capital model.
- Support the XLICSE Risk and Actuarial functions in production of internal model-based risk metrics e.g., stress testing for ORSA, ceded reinsurance assessment.
- Support the engagement with the CBI and wider regulatory college on the ongoing use and development of the capital model.
- Ensure governance processes are appropriately followed and data quality standards are met.
- Respond to queries or ad-hoc investigations regarding the capital or underlying risk position of the entity.
You will report to the Head of Capital Modelling, Ireland.
What you will BRING
Were looking for someone who has these abilities and skills:
Required Skills and Abilities:
- Nearly or newly qualified actuary with experience working for a PC insurance company,
- Knowledge and/or experience of Solvency II,
- Highly numerate and analytical with very good academic record,
- A self-starter with compelling organizational skills
- Good written and verbal communication skills,
- Good working knowledge of capital modelling concepts,
- Excellent Microsoft Excel skills preferably with experience of VBA.
- Demonstrates a growth mindset by embracing continuous learning, seeking feedback, and proactively developing skills to adapt to evolving industry challenges and opportunities.
- Committed to performance excellence by setting high standards, striving for continuous improvement, and delivering high-quality results consistently.
Desired Skills and Abilities:
- Knowledge and/or experience of capital modelling for a PC insurance company, R, Python ReMetrica skills are beneficial.
- Builds resilience by maintaining focus and effectiveness under pressure, adapting to setbacks, and remaining positive and solution-oriented in challenging situations.
- Exhibits robust cross-functional collaboration skills, effectively partnering across teams, functions, and geographies to achieve shared objectives and foster a cohesive work environment.
- Exhibits effective leadership qualities, including influencing, negotiating, and inspiring teams to achieve strategic objectives.
- Possesses an analytical and strategic mindset, with the ability to interpret data, identify trends, and develop long-term strategies aligned with organizational goals.
- Communicates effectively by conveying complex ideas clearly and persuasively to diverse audiences, including senior leadership, stakeholders, and technical teams.
- Demonstrates an effective commitment to understanding and prioritizing the needs of internal and external stakeholders, ensuring that risk management strategies and communication are aligned with delivering value and fostering trust.
- Demonstrates agility by quickly adjusting priorities and strategies in response to changing business needs, industry developments, and regulatory landscapes.
Who WE are
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 dont 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
What we OFFER
Inclusion
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 enables business growth and is critical to our success. Thats why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential.
Its 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 .AXA XL is an Equal Opportunity Employer.
Total Rewards
AXA XLs Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.
Were committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.
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. Were 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. We''re 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. Were 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 XLs 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.
Sourced from naukri
Skills
data qualityAgileActuarialPerformance TestingReinsuranceVBAInsurance ProductsFinancial SecurityPythonCommunication SkillsRisk Managementoperationsmaintenancebusiness strategyfinanceStress Testing
About AXA Business Services
AXA Business Services
Insurance
845
employees
1946
80 years old
Paris, France
France
₹6.7L PA avg
Avg at AXA Business Services
About
As one of the largest global insurers, our purpose is to act for human progress by protecting what matters. Protection has always been at the core of our business, helping individuals, businesses, and societies to thrive. And AXA has always been a leader, an innovator, an entrepreneurial company, fostering progress in all its dimensions. Our purpose also links back to the Group's roots. From the outset, AXA has been committed to acting as a force for the collective good. From solidarity-based actions with AXA Hearts In Action to work on prevention issues with the AXA Research Fund and the fight against climate change, AXA has always been attentive to its social environment and embraced its responsibility as an insurer: responsibility for taking action upstream in order to better understand risks, with one goal in mind: to ensure better protection.
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