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AXA XL · 2 weeks ago

Structuring and Analytics Lead

New York, United States

Full-time

Onsite

Senior Level

$106K/yr - $186K/yr

AXA XL is the P&C and specialty risk division of AXA, known for solving complex risks. The Structuring and Analytics Lead is responsible for defining AXA XL's reinsurance strategy and designing ceded programs in collaboration with stakeholders to meet business needs and risk limits.

ConsultingCustomer ServiceFinanceInsurance

Comp. & Benefits

No H1B

Responsibilities

Work with all AXA XL stakeholders and AXA Group to participate in the definition of the placement strategy and support the effective execution of the placement of the treaty program

Participate in the definition of the ceded guidelines for the placement by the business of Facultative (both elective and non-elective) reinsurance

Participate in the process to design the Ceded Re treaty program for AXA XL in collaboration with One Ceded Re team at AXA working with the Business, Risk Management and Finance to optimally meet the Division’s business needs and risk limits

Support the decision-making process on reinsurance structure:

Participate in the Business Unit’s Reinsurance Committees to share the options for the renewed reinsurance structure

Capture their feedback and refine the final reinsurance structure proposition

Prepare the final reinsurance structure proposition to the AXA XL Reinsurance Committee for validation

Help define & recommend to Global CUOs options for the RI budget allocation

Remain current on coverage and legal trends to ensure contracts protect the company from adverse or unexpected loss

Work with AXA XL Risk Management to design ad hoc reinsurance structures (e.g., ADC, LPT, etc.) to manage the overall risk profile of AXA XL

Support Treasury to design intra-group reinsurance structures to manage the risk profile and capital requirements of individual Division legal entities

Contribute to scenario modelling and actuarial studies on the existing AXA XL reinsurance structure to assess their relevance with the new reinsurance strategy

Conduct on-going performance analysis of the current reinsurance structure and reporting outcomes

Contribute to the elaboration of the 'presentation packs' shared with the brokers & reinsurers with AXA XL & AGRe Placement officers

Develop and enhance processes and metrics to support the analysis of ceded reinsurance transactions

Contribute to internal thought leadership relating to evolving approaches towards capital allocation and optimization from perspective of cedant (AXA Group, AXA XL)

Engage in ongoing research and analysis to derive proprietary insights and conclusions relating to peer group performance and identification of relative value opportunities in market

Help guarantee adequate collaboration with AXA XL underwriters, actuaries, operations, claims and finance team members for data gathering, processing, pricing and risk analysis

Liaise & collaborate on an on-going basis with other Ceded Re teams (placement, operations) and AXA XL/AXA Group stakeholders

Ensure an adequate understanding of the Ceded program by key stakeholders, notably: AXA Group, AXA XL Board, Regulators, AXA XL management, underwriting community

At the request of the Ceded Re placement officers, interact with reinsurers & brokers to address any specific request

Provide opinions on the reinsurance contract’s terms and conditions

Qualification

Reinsurance knowledgeData analysis toolsActuarial techniquesPortfolio finance structuringAdvanced university degreeInsurance products knowledgeQuantitative skillsMS Office proficiencyAnalytical skillsMental agilityNegotiation skillsCollaboration skillsCommunication skillsSelf-starter

Required

Advanced university degree in Insurance, Actuarial, Finance, Legal, Mathematics, Economics, Sciences or Engineering preferred

Proven Reinsurance knowledge and experience: some experience in underwriting insurance or reinsurance

Proven experience in evaluating, structuring, pricing portfolio finance / stop loss facilities

Very good understanding of insurance and reinsurance techniques, products and markets, Actuarial/Risk Assessment/Financial Techniques (to be adapted depending on the officer)

Robust knowledge / expertise in a subject risk (CAT, Property, Specialty, etc.)

Able to demonstrate data and analytical skills and the ability to manage large submission data sets, an above-average level of quantitative skills using complex data and information

Experience with one or more relevant data analysis tools, e.g. SQL Server, Matlab, R, etc

Expertise with different insurance models and RMS and AIR vendor models for Property CAT, ideally including multi-model calibration and implementation in a traditional reinsurer and/or ILS fund context

Some progress towards the completion of an actuarial or CFA qualification

Advanced proficiency in MS Office: Access, Word, Excel and Power Point

Analytical skills

Rigor and ability to identify and summarize the main issues in a clear and simple language

Ability to communicate and forge constructive relations across the various entities of the Group as well as senior internal stakeholders

Ability to work self-directed as well as in teams and in an international and multicultural environment

Outstanding negotiation skills

Mental Agility: Innovative thinker, willing to turn ideas on their head. Capable of handling complex situations

Self-starter, demonstrates an entrepreneurial approach

Collaborative team player