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AXIS (AXIS Capital) · 2 months ago

Portfolio Pricing Actuary

London - Scalpel

Full-time

Hybrid

Mid Level

AXIS Capital is a trusted global provider of specialty lines insurance and reinsurance. The Portfolio Pricing Actuary role involves supporting underwriters with actuarial analysis, pricing recommendations, and collaborating with various teams to enhance pricing models and profitability assessments.

FinanceFinancial ServicesInsurance

Responsibilities

Support underwriters with the evaluation of new and renewal business by providing detailed actuarial analysis of expected profitability and impact on the existing book of business

Provide actuarial pricing recommendations regarding risk selection, contract structure, coverage and pricing for individual deals

Collaborate with the pricing systems development team and data & analytics teams to deliver on longer term goals relating to upgrading pricing models, databases, dataflows and analytical output

Work closely with underwriters and the wider pricing team to scope, build, develop, document and maintain rating models and methods

Input into the business planning process for the AXIS Group and legal entities – primarily to determine gross loss ratio picks, but also to inform assumptions around the efficacy of, and recoverability from, different outwards reinsurance programme structures

Work alongside pricing team to further develop product monitoring and segmental review process within classes of business to objectively assess profitability; provide evidence-based conclusions and recommendations for strategic changes, underwriting actions and portfolio optimisation

Establish and maintain tracking and monitoring processes on segments of current portfolio to help identify and communicate early trend/ key insight emergence

Evaluate the impact of market conditions and rate change. Analyse the rating environment and market behaviour within key business lines

Maintain the feedback loop (control cycle) and provision of information and analysis between the pricing, reserving, capital modelling and business planning processes

Assist in regular reporting requirements internally and externally as required

Qualification

Actuarial PricingData AnalysisModel DevelopmentGeneral InsuranceLondon MarketCollaborationCommunication SkillsGrowth Mindset

Required

Associate or Fellow of an accredited Actuarial Society, or commensurate experience

Intention to qualify as a fellow of professional body, strong track record of progress in actuarial examinations to date

Keen collaborator able to build relationships

Able to communicate technical concepts to a non-technical audience

Growth mind-set with a desire to seek diverse thought, learn from others and share knowledge

Preferred

General insurance, London Market and pricing backgrounds are highly desired, but not essential

Benefits

Medical plans for you and your family

Health and wellness programs

Retirement plans

Tuition reimbursement

Paid annual leave

And much more

Company

AXIS (AXIS Capital)

In a world that never stands still – where the nature of risk is constantly evolving and the needs of your customers are continually changing – you need a partner that turns challenges into possibilities and possibilities into opportunities.

Founded in 2001