Chief Actuary, Americas

AXA SA • New York, NY

214d • $175,000 - $313,500

About The Position

The successful candidate will report to Global Chief Actuary in Paris and will involve significant interaction with the Actuarial Financial Reporting team and key business partners globally. The role contemplates management of a team of Underwriting Unit Actuaries who specialize in specific lines of business within the North America Insurance business group.

Requirements

• Robust Technical Skills: Extensive relevant experience within the non-life insurance industry, with a significant focus on reserving
• Planning & Organization: An ability to manage multiple conflicting tasks and outputs
• Management: Capability to manage multiple priorities and deadlines across a large team to ensure timely and effective delivery
• Leadership: Can identify, grow and nurture talent within the team, including building a robust succession plan and creating career development opportunities for all colleagues
• Business Knowledge: A clear understanding of the firms' business model: its balance sheet and capital including exposure to risk
• Market Knowledge: Knowledge of trends and practices within the insurance industry, supported by knowledge of current economic conditions and the threats that these might pose to business
• Outstanding Communication: Excellent verbal and written communication, collaboration and presentation skills
• Relevant experience of presenting and communicating ultimate claims movements and trends to underwriters
• One AXA Mindset: Expected to ensure consistency between the division, the Americas region and the legal actuarial views
• Strategic Thinking and Tactical Implementation: Ability to invent, design and build solutions
• Regulatory Knowledge: Knowledge of all regulatory requirements and demands to ensure that they are efficiently achieved
• Stakeholder Management: Clear communication and collaboration through outstanding business relationships ensuring that all Stakeholders are aware of issues, uncertainties and outcomes that could affect their decision making

Responsibilities

• Valuation Analysis: completed twice a year for the Q2 and Q4 reserving analysis
• Review and challenge the appropriateness of methodologies and assumptions selected by UW Unit Actuaries across all lines of business, and drive changes where this is considered appropriate
• Ensure documentation is maintained in line with the AXA XL division reserving policy and actuarial standards of practice and fulfill any specific legal entity requirements
• Maintain consistency of approach in the SPARTA environment with other business groups in accordance with internal valuation guidelines
• Present results and rationalization to internal stakeholders, to the division leadership team but not exhaustively the CEO, CFO and CRO, to the Americas Region Chief Executive, AXA Group and others as required
• Present results to external stakeholders including Regulators, Reinsurers, and external consultants who serve as Appointed Actuary for US entities
• Management of quarterly Reserving analysis for Property, Casualty, and Professional lines businesses across the North America Business Group
• Ensure all reporting deliverables are met by the team through the Quarter End Process to allow for full consultation with the business and risk management to meet financial reporting requirements
• Review and challenge of all reserving recommendations made by the Underwriting Unit Actuaries
• Provide oversight, challenge and review to Americas region reserves recommended by Global Lines and International UWU actuaries
• Support the Deputy Head Actuaries in their consultation with underwriters and management regarding experience in the quarter, implications for financial reporting and recommendation for areas of consideration through the valuation analysis
• Present quarterly Americas Region booking results to the Americas Region Chief Executive and Americas Region Leadership Team, Risk Management, External Consultants, Reinsurers, Regulators, and other stakeholders as required
• Responsible for the being the designated Appointed Actuary and forming the Signing Opinion for the US legal entities
• This includes the Statements of Actuarial opinion, Actuarial Summaries and the final yearly Report to support the appointed actuary signing opinion
• In addition to the US opinion, the Chief Actuary, Americas is also responsible for coordinating the Canadian signing opinion with our Consulting partner
• The Actuarial Financial Reporting team is responsible for the base year loss ratios and roll-forward assumptions for the segment operating plan
• This role will oversee and challenge analysis from both Pricing and Reserving Actuaries in rationalizing plan assumptions and outputs
• Evaluate efficacy of bottom-up recommendations from the regional actuarial team alongside top-down views from Central Reserving to inform final selections, subject to review and signoff from Global Chief Actuary
• Manage the ongoing evaluation of current year loss ratios, interacting with the relevant Pricing Actuaries, Underwriters to assess differing views as necessary
• AXA XL utilizes many different legal entities to write business
• You will be expected to contribute to Legal entity assessments and support the rationalization of legal entity changes and impacts in respect of the North America business
• This includes participation in various legal entity committees such as the Risk Committee for US entities, the CRCH model committee, and others as necessary
• Alongside your business and Legal entity responsibilities, you may also lead or become involved in special projects intended to contribute to the development of the Actuarial Financial Reporting team globally
• This could involve development of processes or exhibits or focused investigations regarding new methodologies or assumptions potentially impacting the reserving analysis for all lines
• The Chief Actuary, Americas is a member of the Actuarial LT chaired by the Global Chief Actuary, and gathering the regional Chief Actuaries and the corporate Chief Actuary functions
• The Chief Actuary, Americas is expected to lead their teams, and work with the other regional and central Chief Actuaries in London, Dublin and India to manage workloads and address challenges and opportunities across the Segment
• You will have direct line management of a team of Underwriting Unit Actuaries and Analysts on shore
• This includes performance reviews and support for their personal development through coaching and on the job training
• You will report to the Global Chief Actuary primarily with a second reporting line to the CEO, Americas

Benefits

• Inclusion 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
• Total Rewards 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
• Sustainability At AXA XL, Sustainability is integral to our business strategy
• U.S. base salary range for this position is $175,000 to $313,500 USD. Actual pay will be determined based upon the individual's skills, experience and location.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Insurance Carriers and Related Activities
• Number of Employees: 5,001-10,000 employees