The successful candidate will be a key member of the actuarial reserving function and will report directly to the Head of Management Reporting Corporate Actuarial.
As a Reserving Actuary, you will play a key role in our team, contributing to the strategic decision‑making process and ensuring the financial stability and solvency of our organisation. You will provide clear, concise, and insightful reporting to management, enabling informed decisions.
Responsibilities
* Review, challenge, consolidate and govern IFRS4 and IFRS17 reserves during valuation, booking, forecast and planning exercises for the AXA XL division, ensuring accuracy and reliability.
* Contribute to preparation of supporting documents for top management of AXA XL, influencing strategic decision‑making, including:
o MRCR (Management Review Committee on Reserves) for valuations and bookings, including minutes.
o Financial clearance with AXA Group (actuarial section).
o Flash presentation to AXA Group Actuarial function, in collaboration with AXA XL Risk Management team.
o Planning presentations: base loss ratio and budget loss ratio.
o Board/ audit committee presentation.
o Presentation on reserves for Bermudian regulator.
o Presentation on reserves for rating agencies.
* Perform actuarial analytics at the insurance segment and AXA XL division level to provide insights into emerging trends and support reserve recommendations.
* Contribute to the development of the AXA XL business plan each year, including reporting to the AXA XL Division and AXA Group management.
* Evaluate the ongoing profitability of key businesses to support portfolio management and strategy.
* Collaborate with cross‑functional teams to provide actuarial insights and recommendations.
* Perform regular follow‑up of diagnostics that helps identify early trends, including monthly monitoring of earned‑rate‑change evolution in collaboration with the AFR team.
* Lead projects in the team, analysing project requirements and delivering high‑quality initiatives.
* Oversee and guide junior team members on various projects, providing technical, strategic support and mentorship.
* Research and learn about new reserve and claims analytics methodologies and develop creative solutions.
Qualifications
Required Skills and Abilities
* Qualified actuary by a recognised actuarial association with significant experience and a robust background in reserving.
* Robust analytical and problem‑solving skills, with the ability to interpret and present complex data.
* Ability to multi‑task and work effectively in a fast‑paced team environment.
* Excellent written and verbal communication, including presentation skills.
* Effective project management and leadership capabilities.
* Outstanding computer application skills, specifically Excel and PowerPoint.
Desired Skills and Abilities
* Attention to detail to ensure full consistency of results within various presentations.
* Working knowledge of actuarial reserving software such as ResQ, SQL, and visualisation tools such as PowerBI.
Additional Attributes
* Adaptable and keen to learn.
* Motivated to build robust relationships and networks.
* Team player.
What We Offer
Inclusion
* AXA XL is committed to equal employment opportunity and considers applicants regardless of gender, sexual orientation, age, ethnicity, disability or any other protected characteristic.
* Five Business Resource Groups focused on gender, LGBTQ+, ethnicity, disability and inclusion with 20 chapters worldwide.
* Robust support for flexible working arrangements.
* Enhanced family‑friendly leave benefits.
* Recognised as a signatory to the UK Women in Finance Charter.
Total Rewards
* Reward program covering health, wellbeing, lifestyle and financial security.
* Competitive compensation and personalised, inclusive benefits that evolve with you.
Sustainability
* Roots of Resilience strategy focusing on protecting natural ecosystems, addressing climate change and embedding sustainable practices.
* Key pillars: Valuing nature, addressing climate change, integrating ESG, and AXA Hearts in Action programs.
Legal statement
AXA XL is an Equal Opportunity Employer.
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