At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.
All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.
Credit Pricing Analyst (Credit and Mortgage)
How does this role contribute to our collective success?
This role reports to the Global Head of Credit Pricing.
We expect the successful applicant to manage internal models and tools and perform analysis for pricing, reserving and accumulation. This role will primarily support the Mortgage Underwriting team. The analyst will be responsible for analysis of new transactions and the in-force portfolio.
What will you do in this role?
Mortgage Treaty Pricing
- Provide top tier analytics in support of underwriting mortgage treaties with Government Sponsored Enterprises (GSEs), Private Mortgage Insurers (PMIs) and other sources (banks, other insurers) in the US and internationally
- Handling of submission data
- Investigate Mortgage pricing model developments
- Documentation of assumptions
Credit Treaty Pricing
- Supporting technical pricing analyses of Credit Treaties
- Provide top tier analytics to underwriters including rate adequacy
- Documentation of assumptions
Rate and trend monitoring
- Investigate mortgage pricing developments
Tool ownership
- Maintain and run internal models and analytics tools to support pricing and monitoring of the Mortgage portfolio. Including liaising with consultants and vendors when appropriate.
- Enhancing existing tools capabilities and analytics
- Integrate tools into the Axis tool landscape
Aggregation and Accumulation
- Quarterly reporting of in-force Mortgage exposures to exposure risk management
- Provide top tier analytics to Executive Management
Projects
- Work together with colleagues in cross-functional actuarial projects such as developing KPIs and supporting the internal model
Reserving and Planning
- Provide pricing input to reserving and planning processes
You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role
About You:
We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.
What you need to have:
- Confident, can-do attitude and an enthusiastic proposer of solutions
- Minimum requirement of Bachelors, preferably actuarial, finance, computer science or related technical field
- Demonstratable programming experience in Python and/or R
- Part qualified or fully qualified Actuary; OR part qualified / qualified CFA with an interest to take actuarial exams
What we prefer you to have:
- 3-5 years Experience in Reinsurance or Insurance pricing or related actuarial field such as reserving, portfolio management
- Experience or working knowledge of mortgage /credit markets
- Programming experience in other languages incl SQL and VBA
Role Factors:
In this role, you will typically be required to:
Be in the office 3 days per week
What we offer:
You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more.
For this position, we currently expect to offer a base salary in the range of 150k to 180k (NY and NJ). Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location.
In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance. On top of this, you will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.
Where this role is based in the United States of America, this role is Exempt for FLSA purposes.
Working at
Axis Capital
AXIS Capital Holdings Limited is a global provider of specialty lines insurance and treaty reinsurance. With a footprint in various critical insurance markets worldwide, AXIS Capital emphasizes a balanced combination of traditional and innovative solutions. Their dedication to understanding and managing global risks allows actuaries to engage in pioneering work, shaping the future of specialty insurance. With a culture that values integrity, long-term vision, and agility, AXIS Capital offers actuaries a platform to excel, innovate, and make a tangible impact in the ever-evolving world of insurance.