Actuarial Analyst, Reinsurance Pricing

AXA•Stamford, CT

5h•Hybrid

About The Position

AXA XL Re North America writes reinsurance for a variety of property and casualty lines in the US and Canada. Currently, the Pricing & Analytics team is looking for a fast learner who will support the Property team while pursuing the ACAS designation. The team performs treaty account pricing, tool development, and line of business research. The position will have a focus on property products (treaty and facultative) with opportunities to be involved with other lines of business. In this role you will be responsible for pricing individual treaties. You will also help review portfolio profitability. You will have the opportunity to work in a team of pricing actuaries while collaborating with underwriters, cat modelers, claim experts and reserving actuaries. The North America region of AXA XL encompasses the US and Canada and provides significant career development opportunity for the right candidate over the longer term. The Pricing & Analytics team partners directly with underwriting and executive management as we look to develop and deliver our strategic objectives. AXA XL offers a flexible work environment with a hybrid office/remote work schedule. We offer exam support for candidates taking CAS exams.

Requirements

Bachelor's Degree or better in Actuarial Science, Mathematics, Statistics or related STEM field.
Taking actuarial exams with intent to qualify in the Casualty Actuarial Society.
IT skills: Advanced knowledge of Excel and VBA required, ability to code in Python preferred, basic understanding of R desirable.
Ability to acquire technical knowledge and adapt to new environments quickly.
Excellent communication skills to build effective working relationships with underwriters and other actuaries.
Ability to multi-task and progress on several assignments at once, balancing short-term time pressures against long-term goals.
Must have solid organizational skills and attention to detail.

Nice To Haves

Intermediate P&C insurance or reinsurance experience preferred but not required, with a commitment to exam progress.

Responsibilities

Provide pricing support to the underwriting team:
Evaluate historical and prospective profitability of property reinsurance treaties. You will use a combination of experience and exposure pricing techniques and will consider all possible perils, including natural catastrophes.
Assess various reinsurance structures and terms and conditions to achieve minimum profitability targets.
Follow global pricing guidelines to ensure consistency in pricing.
Present and explain pricing indications to peer reviewers, underwriters and for larger accounts, to AXA XL Re North America senior management.
Enhance AXA XL’s technical pricing and portfolio management capabilities:
Use appropriate data sources to monitor and update industry benchmarks for rate change, trends, and loss development factors.
Work with other actuaries to improve models and fine-tune assumptions and methodologies.
Contribute to implementation and testing efforts for reinsurance segment pricing models.

Benefits

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. That’s 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. It’s 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
AXA XL’s 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.
We’re 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.
We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.
At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits. We also believe in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers.