Gurgaon, Haryana, IndiaWe invent the new to help the world move forward. Combining powerful analytics and deeper insights with bigger ideas and innovative solutions, we free up our clients’ potential, thereby fulfilling our own. Take it seriously. Make it fun. Know it matters. We are seeking a highly skilled and experienced Qualified Actuary to join our Property & Casualty (P&C) Reserving team. The successful candidate will manage various portfolios for a region/legal entity. The successful candidate will play a critical role in review of the analysis, estimation, and reporting of reserves for our P&C insurance products. This position requires a deep understanding of actuarial principles, advanced statistical methods, and regulatory requirements. The ideal candidate will have excellent analytical, communication, and leadership skills, with a proven track record in the P&C insurance industry.
What You’ll Be DOING
What will your essential responsibilities include?
- Candidate is expected to manage multiple analytics projects for P&C insurance related to Reserving - Valuation/ Claim Analysis and other Actuarial Projects for the team.
- Manage various portfolios for half-yearly/annual valuations for the company’s reserves to ensure they are sufficient to meet future obligations.
- Ensure there is regular discussion with the business partners on claims, underwriting and pricing side to understand the business strategies and market environment to ensure these are considered in the reserve projections of the portfolio.
- Regular discussions on the portfolios with Head of Reserving and Regional Chief Actuary on the valuation results and claims experience, methods and assumptions used.
- Present findings to senior management and other stakeholders.
- Provide actuarial insights on strategic initiatives and other business/results communications, as requested.
- Identify business challenges and risks in the portfolio considering latest market environment and outline methodologies to address these risks and propose potential solutions.
- Ensure adherence to internal guidelines and processes in all the analysis and results. Ensure uniformity across all portfolios as per division guidelines.
- Managing discussions with external parties including auditors and other external stakeholders, regarding data and results
- Manage the team effectively and ensure an appropriate feedback loop is used after discussions with other stakeholders and colleagues.
- Use of analytics including the development of analytical tools, analysis of insurance risk, and general support for risk analytics and predictive modeling in the company.
- Research & Development: Research/Learn about new Reserve/Reserve Risk/claims analytics methodologies and develop new and creative solutions to actuarial issues.
- Self-directedly analyzing project requirements to own and deliver projects/initiatives with very high quality to establish support credibility.
- Understanding business problems and translating business information into dynamic and effective reports or dashboards to generate meaningful business insights.
- Analyze and apply technical information to practical situations and assess opportunities for improvement.
You will report to Head of ASA and Actuarial Valuations, AFR.
What You Will BRING
We’re looking for someone who has these abilities and skills:
Required Skills And Abilities
- Qualified Actuary.
- Relevant years of experience working in an insurance and/or actuarial consultancy is required.
- Outstanding analytical and modeling capabilities with research and problem-solving skills.
- Ability to handle multiple priorities and tight deadlines and be responsible for priorities and deadlines for others.
- Develop and use collaborative relationships to facilitate the accomplishment of work goals.
- Ability to work with minimum supervision and problem-solving ability.
- Experience in statistical analysis software or predictive modeling will be an added advantage.
- Team management experience including managerial skills, coaching and development, performance management, delegation and communication.
- Ability to manage key projects focussing on simplification, efficiency and transformation, spanning across multiple portfolios and impacting the entire division.
Desired Skills And Abilities
- Ability to work self-directedly or as part of a team.
- Ability to review the work of others for accuracy and completeness.
- Innovative and result-orientated.
- Technical expertise in SQL, SAS, VBA or other programming language, would be an added advantage.
Who WE are
AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.Learn more at axaxl.com
What we OFFER
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. 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
Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.
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. 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.
Sustainability
At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
Our Pillars
- Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society - are essential to our future. We’re committed to protecting and restoring nature - from mangrove forests to the bees in our backyard - by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
- Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
- Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
- AXA Hearts in Action: 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.
For more information, please see axaxl.com/sustainability.
