Actuary Jobs in New York, NY

Pricing Team Member for Structured Risk Solutions

This role will involve working closely with underwriters, Alternative Risk Solutions professionals and primarily the Head of Structured Risk Solutions (SRS), Americas. You will be involved in all aspects of SRS Pricing and will contribute to the underwriting process by providing an independent technical premium to underwriters for large Structured Risk Solutions deals. You will represent the Pricing team for SRS matters internally and externally, presenting your pricing indications.

This role provides an opportunity to support the future growth of SRS business at AXAXL, which has been designated as a growth initiative. To facilitate the growth initiative, you will draw on your pricing experience, developing scalable pricing processes aligned to market best practice. You will be a subject matter expert on pricing SRS deals at AXAXL. You will have exposure to both UW and Actuarial leadership teams through quarterly business reporting meetings, and annual planning process. You will have significant freedom to work independently but will also work closely with the UK SRS Pricing Actuary to ensure consistency in approach.

What You'll Be Doing

What will your essential responsibilities include?

• Colleague Interactions
  • Represent pricing and analytics in product meetings
  • Coordinate with Global Product Pricing Actuaries
  • Understand data and processes and propose improvements that will enhance analysis and efficiency of the pricing process in a manner commensurate to the profit
• Actuarial Pricing Analysis
  • Your key responsibility will be pricing complex (re)insurance deals, including supporting the structuring of the transactions
  • Perform Independent Profitability Analyses as needed to provide business guidance to Underwriting
  • Build understanding of Global Specialty business segment through appropriate participation in various other analyses including audits of pricing tool data and rate level analysis
• Underwriting and Pricing Tools
  • Development of new pricing tools, and the associated pricing process
  • Conduct Case Price Referrals for deals that fall out of scope of the pricing model
  • Provide training and guidance to underwriters on pricing model
  • Calibration of rating factors as data allows
  • Ongoing maintenance and enhancement of pricing model to enable better underwriting decisions
  • Review and monitoring of underwriting metrics
  • Collaborate with the analytics team on improving the pricing model based on new data sources and analytical techniques.
• Reinsurance Analysis, Risk Management and Regulatory Support
  • Capital modeling support including development of underwriting risk assumptions
  • Provide actuarial pricing support for regulatory reports as required
  • Providing pricing and analytics support for Reinsurance Treaty renewals as needed.

You will report to the Head of Pricing for Life, A&H, ELA, CM, S&E and SRS.

What You Will Bring

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

• Qualified actuary (FIA, FCAS or equivalent)
• Significant experience of non-life insurance pricing (casualty preferred), SRS pricing experience would be ideal
• Commercial experience of programming (Python / R / SQL)
• Proficiency in Excel
• Developed ability to Influence and negotiating skills
• Leadership skills to work collaboratively with colleagues across functions to build consensus
• Exceptional analytical skills and verbal communications skills to gain buy-in
• Excellent written communication skills
• Robust ability to think strategically and apply critical thinking to solve problems

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 Inclusion & Diversity at AXA XL | AXA XL . 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 Sustainability at AXA XL .

The U.S. base salary range for this position is USD $118,700 - $207,800.

Actual pay will be determined based upon the individual's skills, experience and location. We strive for market alignment and internal equity with our colleagues' pay.

At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits. We also believe in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position