Specialist, Asia
Gurgaon/Bangalore, 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/Nearly qualified Actuary to join our newly established Asia Reserving team.
What You’ll Be DOING
What will your essential responsibilities include?
- Help to define how we create impact, engage stakeholders and add value, while delivering high-quality actuarial work that supports AXA XL’s Asia growth strategy across multiple markets.
- This is not just another reserving role - you will be entrusted to support the team in: Designing our local statutory actuarial reserving workflows. Executing exploratory analyses / reviews of our portfolio to determine appropriate segmentation, methodology. Adjusting our general approach/methodologies for specific lines, markets, or branches based on your judgment. Having impactful discussions on results, assumptions and emerging experience with local business units. Liaising with other actuarial specialists / SMEs within the central actuarial reserving team.
- Perform actuarial reporting for a complex and dynamic commercial and specialty lines book with global exposure. Our markets include regional hubs which service global companies through multiple channels.
- As a team, we are collectively responsible for Statutory Reporting and Business Partnering
- Have technical guidance from senior team members, both locally and globally, and be mentored to gain both breadth and depth of experience in various markets/lines/topics.
- Statutory reporting: Statutory actuarial reserving for Hong Kong, Singapore and Malaysia (Labuan markets). Stress-testing, as required by the local regulators and/or for the Own Risk and Solvency reports (ORSA). Actuarial aspects of local regulatory returns, including risk-based capital, IFRS 17 and reinsurance support.
- Business partnering: Engaging with key business stakeholders to help understand and interpret the business, and to explain actuarial decisions (local, regional, divisional). Provide meaningful insights on business-specific issues.
You will report to Chief Actuary, Asia.
What You Will BRING
We’re looking for someone who has these abilities and skills:
Required Skills And Abilities
- Qualified / nearly qualified Actuary (IFoA, CAS, SOA, IoAA qualifications)
- Relevant years of experience in P&C insurance and/or actuarial consultancy
- Robust experience in Python, SQL and/or R in a work context.
- Outstanding analytical and modeling capabilities with research and problem-solving skills.
Desired Skills And Abilities
- Experience with at least one of the items below will be viewed favourably: Hong Kong, Singapore or Malaysia regulatory reporting. Commercial and/or specialty lines of business
- Ability to work with minimum supervision and problem-solving ability - particularly an ability to lead the design and build out of solutions.
- Ability to handle multiple priorities and tight deadlines.
- Able to work with and influence stakeholders at all levels, both locally and remotely.
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.
