Specialist, AFR

Job Description

Gurgaon, Haryana, India We 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. As a Reserve Risk Analyst/Specialist, you will closely work with the reserving actuaries and the capital modeling actuaries to estimate the variability in the booked actuarial reserves. The role involves the opportunity to design/implement stochastic reserving models and develop cutting-edge analyses, strategies and solutions addressing the variability in reserves. We have small team globally looking at reserve risk and you will have the chance to directly contribute to the decision-making process. DISCOVER your opportunity What will your essential responsibilities include? Candidate is expected to work on multiple analytics projects for P&C insurance and reinsurance related to Reserving risk/Reserving and other Actuarial Projects for the team. Understanding of Solvency II directives and its implications on Technical Provision and Reserve Risk assessment. Assessing the variability in reserves for the entire AXA XL division and it’s entities. Help in developing new and better approaches to estimate reserve variability. Closely liaising with our stakeholders in reserving, the capital modeling team, and Group Risk management Assisting in responding to management queries and concerns; resolving issues promptly Risk Analytics including development of analytical tools, analysis of risk and general support for risk analytics and predictive modelling in the company. Research & Development: Research/Learn about new Reserve/Reserve Risk/claims analytics methodologies and develop new & creative solutions to actuarial issues. Resiliently 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. Managing teams and ensuring feedback of team members. SHARE your talent We’re looking for someone who has these abilities and skills: Required Skills And Abilities Bachelor’s/master’s degree in finance/computer. Experience of relevant years in back-office operations in financial services industry. Working knowledge of financial markets & asset management related processes and data. Good understanding of data management processes including like defining Data validations rules, Data exceptions monitoring and handling. Ability to understand and work with data, including creating alignment among various data sources. Excellent communication skills required to interact with internal colleagues and external vendors to resolve queries or completing a task in hand. Excellent experience of MS Excel, Word and PowerPoint. Good knowledge about capital market and Investment instruments with the respect to global financial environment. Must have excellent analytical skill with technical bent of mind. Excellent organizational and time management skills. Desired Skills And Abilities Prior experience in working on systems like Bloomberg would be an advantage. Knowledge of Power BI, proficiency in Power queries. Knowledge of Blackrock Aladdin or Simcorp would be added advantage. CFA / FRM (Level -1) preferable. Requires minimal supervision and able to work self-directedly to complete the given task and proactively reach out to respective team to seek solutions when required. Intermediate knowledge of SQL would be preferable. Must be detail conscious, technically motivated, creative, and user oriented. Ability to work with huge volume data. The collective player with the ability to engage with multiple teams in a large organization. Professional outlook towards work. FIND your future 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 Inclusion & Diversity 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 a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive 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. 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 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. Show more Show less