Head of Casualty Pricing
Stamford, CT I Hartford, CT I New York, NY I USAWe are looking for a talented and motivated professional to join the North America Reinsurance Pricing & Analytics team at AXA XL.
In this role you will be responsible for pricing & analytics for US Casualty written in the US.
You will manage a team of 4 actuaries.
We write a variety of lines including general liability, umbrella, auto liability, D&O, E&O, medical malpractice, and Workers Compensation.
You will work closely with underwriters and have exposure to executive management.
You will directly support the US-based underwriting teams and will lead global projects for the lines of business.
As the lead Actuary supporting the US Casualty product, you will handle details of the strategic plan, compile portfolio profitability reviews, help determine profitability targets and coordinate those activities with other offices writing US Casualty risks.
You will be responsible for the development and maintenance of the core US Casualty pricing models used globally.
The North America region encompasses the US and Canada.
The Pricing & Analytics team partners directly with underwriting and executive management as we look to develop and deliver our strategic objectives.
DISCOVER your opportunityWhat will your essential responsibilities include? Provide pricing support to the underwriting team, conduct deal pricing and contribute during underwriting committees.
Perform own analyses and peer review work of others.
This involves reviewing statistical data and qualitative information to estimate underlying loss trends, rate changes, impacts from systemic events, ground-up and excess loss development factors, and ultimately develop an estimate of future profitability.
Enhance AXA XL s technical pricing and portfolio management capabilities by leading projects such as:
o Develop pricing methodologies (aligned to global strategies and standards) including algorithms, parameters/assumptions, impact analysis, and advanced pricing techniques, o Support development, testing and calibration of pricing tools.
Maintain technical pricing documentation and enforce pricing model governance.
o Use appropriate data sources to monitor and update industry benchmarks for rate change, trends, and loss development factors.
Utilise analytics/MI to drive superior business performance and provide decision making guidance throughout the underwriting process.
Evaluate profitability of key businesses in support of portfolio management and monitoring, strategy development, business planning, and to address concerns raised by management.
Train underwriters in pricing matters.
Ensure compliance with global pricing guidelines and drive appropriate consistency in pricing.
Gather UW data and analytics needs and work with UW to improve pricing reliability and process efficiency.
Work with Enterprise Risk Management and Capital Modeling teams to parameterize underwriting risk distributions and model tail events and adverse loss scenarios.
SHARE your talentWe re looking for someone who has these abilities and skills:
Qualified actuary - FCAS or similar with minimum of 10 years of experience.
Relevant pricing experience within the P&C reinsurance industry.
Candidates with substantial experience of reserving for reinsurance companies or pricing for commercial carriers will also be considered.
Robust ability to acquire technical knowledge and adapt to new environments quickly.
Excellent communication skills to build effective working relationships within and beyond the Pricing & Analytics team.
o Explain and translate actuarial concepts and outputs to stakeholders.
o Communicate difficult messages in a constructive manner.
o Able to work with actuarial and underwriting teams across geographies.
Ability to work under pressure and to manage multiple tasks and projects while responding to changing business priorities.
Ability to relate strategic business priorities to day-to-day activities.
Experience of managing small teams.
Ability to identify business needs and be creative to design and build solutions accordingly.
FIND your futureAXA XL, the P&C and specialty 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 specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Learn more at axaxl.
comInclusion & DiversityAXA 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.
At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success.
That s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential.
It s about helping one another and our business to move forward and succeed.
Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe Robust support for Flexible Working Arrangements Enhanced family friendly leave benefits Named to the Diversity Best Practices Index Signatory to the UK Women in Finance CharterLearn more at axaxl.
com/about-us/inclusion-and-diversity.
AXA XL is an Equal Opportunity Employer.
Sustainability At AXA XL, Sustainability is integral to our business strategy.
In an ever-changing world, AXA XL protects what matters most for our clients and communities.
We know that sustainability is at the root of a more resilient future.
Our 2023-26 Sustainability strategy, called Roots of resilience, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
Our Pillars:
Valuing nature:
How we impact nature affects how nature impacts us.
Resilient ecosystems - the foundation of a sustainable planet and society are essential to our future.
We re committed to protecting and restoring nature from mangrove forests to the bees in our backyard by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
Addressing climate change:
The effects of a changing climate are far reaching and significant.
Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption.
We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
Integrating ESG:
All companies have a role to play in building a more resilient future.
Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business.
We re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
AXA Hearts in Action:
We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL s Hearts in Action programs.
These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day the Global Day of Giving.
For more information, please see Sustainability at AXA XL.
The U.
S.
pay range for this position is USD $186,500 - $279,500.
Actual pay will be determined based upon the individual s skills, experience, and location.
We strive for market alignment and internal equity with our colleagues pay.
At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits.
We also believe in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers.
For more details about AXA XL s benefits offerings, please visit US-Benefits-at-a-Glance_2023_US.
pdf (myaxaxlbenefits.
com).
Job SummaryJob number:
78002058D20231005Date posted :
2023-10-25Profession:
Finance, Control and StrategyEmployment type:
STANDARD.
Estimated Salary: $20 to $28 per hour based on qualifications.
In this role you will be responsible for pricing & analytics for US Casualty written in the US.
You will manage a team of 4 actuaries.
We write a variety of lines including general liability, umbrella, auto liability, D&O, E&O, medical malpractice, and Workers Compensation.
You will work closely with underwriters and have exposure to executive management.
You will directly support the US-based underwriting teams and will lead global projects for the lines of business.
As the lead Actuary supporting the US Casualty product, you will handle details of the strategic plan, compile portfolio profitability reviews, help determine profitability targets and coordinate those activities with other offices writing US Casualty risks.
You will be responsible for the development and maintenance of the core US Casualty pricing models used globally.
The North America region encompasses the US and Canada.
The Pricing & Analytics team partners directly with underwriting and executive management as we look to develop and deliver our strategic objectives.
DISCOVER your opportunityWhat will your essential responsibilities include? Provide pricing support to the underwriting team, conduct deal pricing and contribute during underwriting committees.
Perform own analyses and peer review work of others.
This involves reviewing statistical data and qualitative information to estimate underlying loss trends, rate changes, impacts from systemic events, ground-up and excess loss development factors, and ultimately develop an estimate of future profitability.
Enhance AXA XL s technical pricing and portfolio management capabilities by leading projects such as:
o Develop pricing methodologies (aligned to global strategies and standards) including algorithms, parameters/assumptions, impact analysis, and advanced pricing techniques, o Support development, testing and calibration of pricing tools.
Maintain technical pricing documentation and enforce pricing model governance.
o Use appropriate data sources to monitor and update industry benchmarks for rate change, trends, and loss development factors.
Utilise analytics/MI to drive superior business performance and provide decision making guidance throughout the underwriting process.
Evaluate profitability of key businesses in support of portfolio management and monitoring, strategy development, business planning, and to address concerns raised by management.
Train underwriters in pricing matters.
Ensure compliance with global pricing guidelines and drive appropriate consistency in pricing.
Gather UW data and analytics needs and work with UW to improve pricing reliability and process efficiency.
Work with Enterprise Risk Management and Capital Modeling teams to parameterize underwriting risk distributions and model tail events and adverse loss scenarios.
SHARE your talentWe re looking for someone who has these abilities and skills:
Qualified actuary - FCAS or similar with minimum of 10 years of experience.
Relevant pricing experience within the P&C reinsurance industry.
Candidates with substantial experience of reserving for reinsurance companies or pricing for commercial carriers will also be considered.
Robust ability to acquire technical knowledge and adapt to new environments quickly.
Excellent communication skills to build effective working relationships within and beyond the Pricing & Analytics team.
o Explain and translate actuarial concepts and outputs to stakeholders.
o Communicate difficult messages in a constructive manner.
o Able to work with actuarial and underwriting teams across geographies.
Ability to work under pressure and to manage multiple tasks and projects while responding to changing business priorities.
Ability to relate strategic business priorities to day-to-day activities.
Experience of managing small teams.
Ability to identify business needs and be creative to design and build solutions accordingly.
FIND your futureAXA XL, the P&C and specialty 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 specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Learn more at axaxl.
comInclusion & DiversityAXA 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.
At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success.
That s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential.
It s about helping one another and our business to move forward and succeed.
Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe Robust support for Flexible Working Arrangements Enhanced family friendly leave benefits Named to the Diversity Best Practices Index Signatory to the UK Women in Finance CharterLearn more at axaxl.
com/about-us/inclusion-and-diversity.
AXA XL is an Equal Opportunity Employer.
Sustainability At AXA XL, Sustainability is integral to our business strategy.
In an ever-changing world, AXA XL protects what matters most for our clients and communities.
We know that sustainability is at the root of a more resilient future.
Our 2023-26 Sustainability strategy, called Roots of resilience, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
Our Pillars:
Valuing nature:
How we impact nature affects how nature impacts us.
Resilient ecosystems - the foundation of a sustainable planet and society are essential to our future.
We re committed to protecting and restoring nature from mangrove forests to the bees in our backyard by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
Addressing climate change:
The effects of a changing climate are far reaching and significant.
Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption.
We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
Integrating ESG:
All companies have a role to play in building a more resilient future.
Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business.
We re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
AXA Hearts in Action:
We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL s Hearts in Action programs.
These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day the Global Day of Giving.
For more information, please see Sustainability at AXA XL.
The U.
S.
pay range for this position is USD $186,500 - $279,500.
Actual pay will be determined based upon the individual s skills, experience, and location.
We strive for market alignment and internal equity with our colleagues pay.
At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits.
We also believe in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers.
For more details about AXA XL s benefits offerings, please visit US-Benefits-at-a-Glance_2023_US.
pdf (myaxaxlbenefits.
com).
Job SummaryJob number:
78002058D20231005Date posted :
2023-10-25Profession:
Finance, Control and StrategyEmployment type:
STANDARD.
Estimated Salary: $20 to $28 per hour based on qualifications.
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