Senior Actuary, US Middle Market
DescriptionSenior Actuary, US Middle Market New York, NY I Exton, PA I Hartford, CT I Stamford, CT I USAIn this role you will support AXA XL s newly established Middle Market pricing team which focuses on the expansion of our current offering to Middle Market clients in the Commercial P&C market.
DISCOVER your opportunity What will your essential responsibilities include?Ensure that the US Middle Market product lines have market leading, technical pricing and portfolio management capabilities and be responsible for the delivery of those capabilities.
Provide decision making guidance throughout the entire underwriting process, through the use of advanced analytics, to drive superior business performance.
Develop and leverage product pricing methodologies (aligned to global strategies and methodologies) including pricing algorithms, pricing parameters, pricing change impact analysis, and advanced pricing techniques.
Support development, testing and calibration of Pricing tools, alongside Models team.
Train and answer underwriter queries on pricing tools.
Case pricing for larger risks.
Collaborate with key business stakeholders in Underwriting, Finance, Reserving and Claims to support adequate pricing and profitable growth strategies.
Ensure compliance with Pricing Model Standards, maintain required technical pricing documentation, and enforce pricing model governance.
Support reinsurance and risk management with data and analysis, as needed.
Managing the portfolio, assessing the expected profitability and risk of products through review, analysis and interpretation of quantitative and qualitative information and trends.
Creation of underwriting actions to improve profitability if required.
Ad hoc requests.
You will report to Head of Pricing, Americas and work closely with the Head of Pricing, US Middle Market.
QualificationsSHARE your talentWe re looking for someone who has these abilities and skills:
Extensive P&C experience with emphasis in middle market, commercial lines pricing and/or small commercial (CMP or BOP) pricing.
ACAS or FCAS Designation.
Leadership skills to work collaboratively with colleagues to build consensus.
Outstanding verbal communications skills, as well as influencing and negotiating skills, to gain buy-in to communicate clearly and concisely with internal and external clients.
Excellent written communication skills.
Outstanding organizational and time management skills.
The ability to demonstrate critical thinking, decision making, and problem-solving skills.
Proficiency in Excel, programming (R, VBA, SQL) preferred.
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 155,000 233,000.
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.
Wealsobelieve 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 aboutAXA XL s benefits offerings, please visit US-Benefits-at-a-Glance_2023_US.
pdf (myaxaxlbenefits.
com).
Job Field:
ActuarialJob Type:
StandardSchedule:
Full-time.
Estimated Salary: $20 to $28 per hour based on qualifications.
DISCOVER your opportunity What will your essential responsibilities include?Ensure that the US Middle Market product lines have market leading, technical pricing and portfolio management capabilities and be responsible for the delivery of those capabilities.
Provide decision making guidance throughout the entire underwriting process, through the use of advanced analytics, to drive superior business performance.
Develop and leverage product pricing methodologies (aligned to global strategies and methodologies) including pricing algorithms, pricing parameters, pricing change impact analysis, and advanced pricing techniques.
Support development, testing and calibration of Pricing tools, alongside Models team.
Train and answer underwriter queries on pricing tools.
Case pricing for larger risks.
Collaborate with key business stakeholders in Underwriting, Finance, Reserving and Claims to support adequate pricing and profitable growth strategies.
Ensure compliance with Pricing Model Standards, maintain required technical pricing documentation, and enforce pricing model governance.
Support reinsurance and risk management with data and analysis, as needed.
Managing the portfolio, assessing the expected profitability and risk of products through review, analysis and interpretation of quantitative and qualitative information and trends.
Creation of underwriting actions to improve profitability if required.
Ad hoc requests.
You will report to Head of Pricing, Americas and work closely with the Head of Pricing, US Middle Market.
QualificationsSHARE your talentWe re looking for someone who has these abilities and skills:
Extensive P&C experience with emphasis in middle market, commercial lines pricing and/or small commercial (CMP or BOP) pricing.
ACAS or FCAS Designation.
Leadership skills to work collaboratively with colleagues to build consensus.
Outstanding verbal communications skills, as well as influencing and negotiating skills, to gain buy-in to communicate clearly and concisely with internal and external clients.
Excellent written communication skills.
Outstanding organizational and time management skills.
The ability to demonstrate critical thinking, decision making, and problem-solving skills.
Proficiency in Excel, programming (R, VBA, SQL) preferred.
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 155,000 233,000.
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.
Wealsobelieve 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 aboutAXA XL s benefits offerings, please visit US-Benefits-at-a-Glance_2023_US.
pdf (myaxaxlbenefits.
com).
Job Field:
ActuarialJob Type:
StandardSchedule:
Full-time.
Estimated Salary: $20 to $28 per hour based on qualifications.
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