Pricing Actuary – Reinsurance (80-100%)

Zurich, Switzerland

We are looking for a talented and motivated individual to join the International Reinsurance Pricing and Analytics team of AXA XL.  The role of the Pricing Actuary is to provide pricing and analytical support to the worldwide Credit and Surety business but may also have exposure to other products and regions. The successful candidate will be expected to develop pricing methodologies and tools, to support the underwriting teams with individual deal pricing and portfolio analytics, and to provide management with a reliable and consistent view of the underwriting profitability. There will also be opportunities to participate in cross-region and/or cross-product projects at a Reinsurance segment level.

Reporting to the Head of Global Lines (International Re), the role will make an important contribution to AXA XL's treaty pricing capabilities.  You will be a pro-active team player, who is eager to continue to develop their skills, and who possesses compelling communication and technical skills.

The International Re region of AXA XL writes approximately $1.5bn of annual gross written premium and provides significant career development opportunity for the right candidate over the longer term. Our region encompasses reinsurance markets across all parts of the world excluding Americas, and the business Pricing and Analytics team partners directly with underwriting and executive management as we look to develop and deliver our strategic growth plan.

What you’ll be DOING

What will your essential responsibilities include?

• Integral part of International Reinsurance Pricing and Analytics team, working actively within a cross-functional team, particularly with the Credit and Surety underwriters, who are based in Zurich, and other pricing team members around the world.
• Partner closely with the Credit & Surety underwriters. You will have responsibility for leading the development of the pricing and analytics tools required to support AXA XL Re’s Credit & Surety portfolio.
• Advise Credit & Surety underwriters with treaty review/analysis during the renewals, either by carrying out the pricing directly or ensuring that the pricing is carried out using approved pricing models appropriately, depending on the complexity of the business and the guidelines in force for that sub-line of business.
• Partner with underwriters in the production of the monthly and quarterly exposure aggregate management reports for Credit reinsurance (including an analysis of exposure movements); also responsible for the annual parameterisation of relevant underwriting risk for the purposes of capital management.
• Excellent and ongoing communication with all members of the Credit & Surety underwriting team is essential for the success of the role.  Working with the underwriters, you will also need to liaise with AXA XL’s risk management functions and members of the capital management team.
• Develop consistency of approach, and lead pricing improvements.  To that end, you will conduct ad hoc research and project work to furnish the underwriting team with analytical insight and help them make informed decisions.
• Design, produce and continually improve management information to assist underwriters and the management team. 
• Responsible for actuarial elements of the business/strategic planning process relating to Credit & Surety.
• Coordinate with other actuaries in the International region in providing actuarial support across the various regional offices. Also work with actuaries in other regions on Reinsurance Segment projects where relevant.
• Liaise with the actuarial reserving team, in conjunction with the Credit & Surety underwriters, to ensure the flow of information is seamless. You will understand the importance of the actuarial control cycle.

What you will BRING

We’re looking for someone who has these abilities and skills:

Required Skills and Abilities:

• Qualified actuary - FIA, FCAS or equivalent qualification from recognised actuarial association, with some years’ of post qualified actuarial experience.
• Prior experience in actuarial pricing, preferably including reinsurance treaty pricing; familiarity with credit pricing, capital allocation (e.g., probability of default, loss given default, credit ratings) and robust willingness to develop technical knowledge in these areas.

• Effective communicator, able to clearly present ideas and complex topics to diverse audiences, including team members and senior stakeholders.
• Team-oriented, quick learner, highly motivated, adaptable, and capable of building effective relationships across cultures and backgrounds.
• Excellent in spoken and written English. Additional European languages would be a plus.
• Proficient in coding languages such as VBA, R, Python, or SQL, with effective Excel and Microsoft Office skills.
• Interest in financial markets, economics, and current affairs; basic knowledge of corporate bond pricing, “first-to-default” concepts, and credit correlation is advantageous.
• Meticulous attention to detail, with the ability to manipulate and validate data accurately and identify inconsistencies.
• Creative problem-solver, able to identify business needs and design appropriate solutions with a proactive ‘can-do’ attitude.

• Outstanding organisational skills, able to take ownership, prioritise tasks, and meet tight deadlines.
• Able to travel from time to time.

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.