This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.
At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.
All qualified applicants will receive consideration for employment without regard to any protected characteristic, including age, color, disability, ethnicity, gender identity, marital status, national origin, pregnancy, race, religion, sex, sexual orientation, veteran status, or any basis prohibited by the laws that govern its operations.
Job Description: Senior Reserving Analyst/Actuary
How does this role contribute to our collective success?
This role is a member of the AXIS reserving team and assists in performing and enhancing quarterly reserving process. This role has particular responsibility to support the growth of the Axis Capacity Solutions segment as well as supporting planning and reporting in the wider syndicate business.
What will you do in this role?
Portfolios Quarterly Reserving & Business Partnering
Be embedded in the quarterly reserving process for the portfolio solutions and programmes written in the Axis Capacity Solutions and Global Markets divisions.
Support the selections of initial expected loss ratios by evaluating trend and rate change experience, working closely with pricing actuaries for business planning and other adhoc tasks.
Perform actual versus expected analyses, including explanation of large movements during the quarter.
Review and present quarterly underwriting year and accident year exhibits to divisional, segmental, and group reserve management.
Participate in ad-hoc reserve and profitability studies on specific lines of business, including analysis of underwriting and claim trends, shifts in mix of business, changes in limits or retentions, and examination of loss and premium development patterns.
Assist with the analysis of new business opportunities and expansion of current business.
Business Planning
Active engagement in all aspects of the business planning process for the portfolio solutions and programmes written in the Axis Capacity Solutions and Global Markets divisions.
Provide support for Lloyd’s business planning process including loss ratio selection for the SBF.
Ad-hoc support for business planning activity on other business lines as required.
Quarterly Reporting Process
Ensuring accurate booking of IBNR in both the GAAP and Lloyd’s ledgers for portfolios and programmes business.
Responsibility for running the IBNR booking process for the Lloyd’s booking process, supporting process enhancement activities as required.
You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.
About You:
We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.
What you need to have:
Bachelor’s Degree in Maths, Accounting, Economics, Statistics, Business, Risk Management, or a similar field which demonstrates an affinity and talent for quantitative analysis
Part /Qualified actuary (FIA/ACAS/Other Actuarial bodies) making progress through exams.
Minimum 3 years General Insurance Reserving experience.
Knowledge of Microsoft Excel, SQL and RESQ would be preferrable.
Excellent organizational skills and a strong attention to detail
Ability to prioritise tasks and work on multiple projects simultaneously.
Self-starter and willing to think about ways to improve areas when needed.
Strong communication and presentational skills, being able to talk through technical concepts with a non-technical audience.
Role Factors:
In this role, you will typically be required to:
Be in the office 3 days per week
What we offer:
You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more.
This posting is for an existing vacancy.
