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.
DISCOVER your opportunity
What will your essential responsibilities include?
·Allocating results from Sparta grain to lower grain (policy level).
·Work closely with the Allocation data team, ensuring the allocation process has run correctly and giving appropriate results.
·Identify and assess data quality issues and actively work with the responsible functions to improve data quality.
·Create presentations for senior leaders and provide actionable insights from policy allocations.
·Provide support to UWU actuaries to finalize the allocated results at the BU level.
·Researching and development on allocations to ensure the optimal approach.
·Actively involved in the Implementation of the new allocations approach.
You will report to the AVP, Reserving Allocations.
SHARE your talent
We’re looking for someone who has these abilities and skills:
Required Skills and Abilities:
Desired Skills and Abilities:
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.
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 speciality.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Learn more at axaxl.com
Inclusion & Diversity
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.