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Axis Capital

Axis Capital

Pricing Actuary

Pricing Actuary

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Job Details
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Uploaded On
August 18, 2023
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Location
Short Hills, NJ
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Remote?
No
Company Overview
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Headquarters
Pembroke Parish, Bermuda
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Number of Employees
2064
Estimated Number of Actuaries
126
Salary
$
k-$
k
Glassdoor Ratings
""
Recommend to a Friend
89%
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Overall Score
4.2 / 5

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This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance.  We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture.  As a member of AXIS, you join a team that is among the best in the industry.

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.

Pricing Actuary A&H

JOB SUMMARY:

You will join the Actuarial Team at AXIS Re US where you will be supporting our North American Accident & Health business. Relevant lines of business include Employer Stop Loss, Short Term Medical, Limited Medical, Pet and Excess of Loss. In this role, you will work closely with our underwriters to project the results for individual trading relationships. In addition, you will be expected to have in depth knowledge about industry trends and be capable of incorporating this into your individual treaty analysis and pricing work. Some travel for client audits is necessary.

KEY DUTIES & RESPONSIBILITIES:

• Collect and validate data from clients to input and process it with AXIS pricing tools

• Liaise with underwriting to properly understand and reflect the risk

• Perform rate filings as needed based on applicable regulations

• Perform loss modeling of US treaty business for the North American Accident & Health Division

• Use actuarial methods to estimate expected losses, cash flows, risk aggregations and advise management on technical pricing, and ensure robust economic and actuarial evaluation of commercial agreements

• Provide actuarial input into portfolio monitoring, business planning, and projections

• Collect market parameters and perform analysis to uncover trends and correlations

• Support development and maintenance of data analytics tools and models

• Participate in cross functional teams and projects and provide best actuarial practices

• Participate in client and broker visits; some travel may be required

REQUIRED EDUCATION/TRAINING & EXPERIENCE:

Technical Skills:

• University degree or equivalent within Actuarial Science or similar technical field

• Prefer candidate that has at least attained Associateship in the SOA or CAS.

• Experience preferably in a pricing department at an Insurance or Reinsurance company – at least 5-7 years of experience is preferred

• Expert level user of MS Office

• Proficient in at least one programming language, such as VBA, C#, R, or SQL

• Fluent in English

Professional Skills:

• Self-starter and high motivation; proactively addresses of issues

• Strong team player

• Good communication and presentation skills

• Ability to work in a dynamic and international environment

• Ability to manage priorities

• Demonstrated rigor and work ethic

For this position, we currently expect to offer a base salary in the range of 120k to 165k (NJ).  The specific salary offer will be based on an assessment of a variety of factors including the experience of the successful candidate and their work location. 

In addition, all employees are eligible for competitive incentive targets, with awards based on overall corporate and individual performance. On top of this, we offer a comprehensive and competitive benefits package which includes medical plans for employees and their families, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.  

Apply Now

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.

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