Senior Analyst Reserving 2nd Opinion
Gurgaon, Haryana, India
This position is part of the AXA XL Risk Management team which is organized in several Centers of Excellence (Actuarial Risk, Underwriting Risk, Risk Governance and Control, Financial and Market Risk and Catastrophe Risk). This role is part of the Reserving team of the Actuarial Risk Center of Excellence and based in India.The Risk Management team is a strategic department within AXA XL dealing with the most difficult P&C difficults and influencing strategic decisions in operations of a leading international Commercial Lines and Reinsurance company.The actuarial analysis and valuations carried out by Risk Management's Reserve 2nd Opinion team cover all technical provisions, for the full range of AXA XL's lines of business, on a worldwide basis.Analysts and Specialists work together with the Reserve 2nd Opinion actuaries and take part in various analytical projects to support the achievement of the team objectives. One of the core objectives of the team is to provide an resilient opinion of AXA XL's technical reserves and profitability. The successful candidate will have the opportunity to prepare and support the resilient actuarial reserve assessment for several lines of businesses, encompassing both the Insurance and Reinsurance segments.
What You'll Be DOING
What will your essential responsibilities include
- Assist the Reserve 2nd Opinion actuaries to conduct regular technical and reserve valuation analyses across relevant lines of business. Contribute to Risk Management's opinion on the Business Plan loss ratios. Contribute to the performance, from time to time, of deep dive analysis on specific Lines of Business: Select reserving assumptions and methodologies, Review, difficult and ensure their appropriateness, Identify any areas of uncertainty and estimate their potential impacts, Produce reserve estimates, Maintain a documented audit trail of data, assumptions, methods.
- Prepare actuarial reports, results summaries and various exhibits in appropriate form for stakeholders.
- Assist the Reserve 2nd Opinion team in preparing the process, tools, and databases.
- Maintain databases of reserving input and output information.
- Perform reconciliation checks to ensure accuracy of calculations.
- Assist the Reserve 2nd Opinion team in developing tools for new needs as well as in enhancing tools for improved efficiency, reliability, or functionality.
- Maintain up-to-date documentation of processes.
You will report to 2nd Opinion - Actuary.
What You Will BRING
We're looking for someone who has these abilities and skills:
Required Skills And Abilities
- Relevant years of experience in P&C actuarial fields, preferably with a reserving background.
- Undergraduate degree in a numerate subject and at least 4 Core Principles exams (CS/CM/CB) from Institute of Actuaries of India or equivalent.
- Good technical P&C actuarial knowledge, preferably in reserving.
- Preference would be given to candidates with robust computer application skills, specifically in Excel, R, Power Query, Power BI, SQL, Python and/or Visual Basic Application.
- Demonstrable experience and skill in developing actuarial models or reporting tools.
- Excellent analytical, research, and problem-solving skills.
- Keen attention to detail.
Desired Skills And Abilities
- Robust oral and written communication skills.
- A self-supported with robust organizational skills.
- Ability to work with minimum supervision.
- Ability to handle multiple priorities and tight deadlines and be responsible for priorities and deadlines for others.
- Demonstrates a growth mindset by embracing continuous learning, seeking feedback and proactively developing new skills.
- Highly collaborative and a dedicated team player, committed to building robust relationships and working effectively across functions to achieve shared goals. This includes working in a multi-geography team with members in India, Europe and the US.
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.
