Senior Specialist, Corporate Actuarial

Senior Specialist, Corporate Actuarial

Gurugram, Haryana, India

We invent the new to help the world move forward. Combining powerful analytics and deeper insights with bigger ideas and innovative solutions, we free up our clients’ potential, thereby fulfilling our own. Take it seriously. Make it fun. Know it matters. Currently, at AXA XL, we perform in-depth reserving analysis twice a year, for the Half-Year and Full-Year booking exercises. The reserving analysis is done at the Reserve Class level. The actuarial reserving is done for each reserve class in total for the AXA XL division.However, this may need to be further split into various granularities for management, and additional financial, legal and regulatory reporting purposes.As part of our drive for continuous improvement in processes, Actuarial Finance Reporting (AFR) has developed a sophisticated solution to allocate IBNR from Reserve Class to any reporting grain. This is in addition to the existing allocation solution and will enable enhanced management information, facilitate better and faster business decisions, and easily complement some financial, legal, and regulatory reporting. The role of Head of Reserving Allocations is a newly created role to support the enhanced work on allocations that have been developed.The successful candidate will be expected to lead the allocations actuarial work, at any level (branch, marketing segment, geography,), ultimately at the policy level and to develop actionable insights from analyzing the policy level data. In total, there will be a team of six people working directly on allocations. The head of Allocations is based out of the UK/Ireland, and a 5 FTE Allocation team will be in India. The team will work closely with several stakeholder groups.A Steering Committee will oversee the work of the allocations team.

DISCOVERyour opportunity

What will your essential responsibilities include?

·Leading the implementation of the new allocations approach within the reserving function.

·Researching and development on allocations to ensure the optimal approach.

·Facilitating and guiding the allocations team in managing daily priorities, coordinating work, and communicating with all stakeholders.

·Analyze and apply technical information to practical situations and assess opportunities for improvement.

·Setting the priorities for the team for each quarter.

·Managing teams and ensuring feedback of team members.

·Oversee the analytics of the policy level allocation and develop actionable insights.

·Persuasively present the analytics and actionable insights to senior leaders, within Actuarial Financial Reporting.

·Assess data quality issues and work with the responsible functions to improve data quality.

You will report to the Head of ASA.

SHARE your talent

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

Required Skills and Abilities:

• Part Qualified / Qualified Actuary.
  
  
• Relevant years’ experience in an insurance company and/or actuarial consultancy.
  
  
• Effective analytical and modelling capabilities with research and problem-solving skills.
  
  
• A high degree of actuarial technical skills.
  
  
• Exceptionally effective communication skills – tailored for senior stakeholders within and outside of the actuarial function.
  
  
• Ability to handle multiple priorities and tight deadlines and be responsible for priorities and deadlines for others.
  
  
• Capability to work in a multicultural environment with correspondents located in the US, India, the UK, Ireland, and France.
  
  
• Ability to work with minimum supervision and problem-solving ability.
  
  
• Experience in statistical analysis software or predictive modelling will be an added advantage.

Desired Skills and Abilities:

• Ability to review the work of others for accuracy and completeness.
  
  
• Innovative and results-orientated.
  
  
• Technical expertise in ResQ, and SQL. Experience in Power BI would be an added advantage.
  
  
• Ability to work resiliently and as part of a team.

FIND your future

AXA XL, the P&C and speciality 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.