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Axis Capital

Axis Capital

Senior Reserving Analyst/Actuary, Property and A&H

Senior Reserving Analyst/Actuary, Property and A&H

Job Details
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Uploaded On
May 8, 2024
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Location
London - Scalpel
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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

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.

How does this role contribute to our collective success?
This role is a member of the AXIS Property and A&H actuarial reserving team and assists in performing and enhancing quarterly reserving analyses for both insurance and reinsurance business.

What will you do in this role?
 
Quarterly Reserving
• Provide analyses for quarterly reserving for the Property and A&H segments on both UY basis and GAP basis, gross and net of reinsurance
• Support the selections of initial expected loss ratios by evaluating trend and rate change experience, working closely with pricing actuaries
• Perform actual versus expected analyses, including explanation of large movements during the quarter
• Review and present quarterly underwriting year and accident year exhibits to divisional, segmental, and group reserve management
• Analyse reserve estimates for large Catastrophe events
• Participate in ad-hoc reserve and profitability studies on specific lines of business, including analysis of underwriting and claim trends, shifts in mix of business, changes in limits or retentions, and examination of loss and premium development patterns
• Partner with Property and A&H Pricing and Underwriting counterparts to provide insights and better understand results
• Assist with the analysis of new business opportunities and expansion of current business, as needed
• Assist with the projections underlying the plan for the subsequent year.
Finance/Corporate Support
• Maintain relationship with outside auditors and third-party reserving partners
• Respond to data requests and provide support for quarterly reserving from the corporate actuarial group
• Assist with the analysis of quarterly results and detailed accident and calendar year analysis and commentary for internal and external clients
Important Working Relationships
• This position’s working relationships entail frequent interaction with all departments of the company (Finance, Underwriting, Insurance, Reinsurance, Claims, ILS, etc.).  This person should enjoy working as part of a team and be able to work with a diverse group of personalities.

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:
• Bachelor’s Degree in Maths, Accounting, Economics, Statistics, Business, Risk Management, or a similar field which demonstrates an affinity and talent for quantitative analysis
• Nearly or newly Qualified actuary (FIA/ACAS/Other Actuarial bodies)
• Excellent PC skills and knowledge of Microsoft Excel, SQL and ResQ
• Excellent organizational skills and a strong attention to detail
• Able to start own tasks and come up with ideas on new reserving approaches
• Strong communication and presentational skills, being able to talk through technical concepts with a non technical audience.

 
What we prefer you to have:
• Experience in A&H/Property reserving and/or pricing is preferable, but not essential.

Role Factors:
Currently, we would like you to be in the office 1-2 days per week on average.
 
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.
 

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.