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Axis Capital

Axis Capital

(Senior) Pricing Actuary - Treaty Reinsurance

(Senior) Pricing Actuary - Treaty Reinsurance

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Job Details
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Uploaded On
August 18, 2023
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Location
New York, NY
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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
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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.

As part of the Actuarial Team at AXIS Re US, you will be supporting our North American Casualty Treaty business. Relevant lines of business include Professional Liability, Workers Compensation, General Liability, and Auto. In this role, you will work closely with our underwriters to project the results for individual trading relationships. In addition, you will grow your knowledge of industry trends and incorporate this into your individual treaty pricing work.
NOTE: This role will be based out of the midtown Manhattan office but will be a hybrid of remote/office.
KEY DUTIES & RESPONSIBILITIES:
Treaty Pricing – price standard and complex reinsurance deals for North American Casualty lines of business
Perform loss trend studies to support of the One Axis model across both Insurance and Reinsurance divisions
Deep dive into market and portfolio data to develop indices and model parameters
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
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
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 meetings/visits
REQUIRED EDUCATION/TRAINING & EXPERIENCE:
Technical Skills:
Bachelor’s degree or equivalent within Actuarial Science or similar technical field
A minimum of 8 - 10 years of experience in treaty pricing at a reinsurance company or broker or large account pricing experience at an insurance company
Ideal exam progress is pre-ACAS to new FCAS
Expertise in Workers' Compensation and Umbrella products are a plus
Expert level user of MS Office
Proficient in at least one programming language such as VBA, C#, R, or SQL
Professional Skills:
Self-initiated and high motivation; proactively addressing 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
Salary Range:
FOR NYC ONLY:

The base salary for this position is $150,000-210,000 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location.
Chicago - 132K-176K Alpharetta= 120K-160K
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.

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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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