What are the responsibilities and job description for the Senior Pricing Actuary position at axiscapital?
This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry. At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process. Senior Pricing Actuary How does this role contribute to our collective success? As part of the Actuarial Pricing Team at AXIS Re US, you will be supporting our North American Casualty Treaty business. Relevant lines of business include Professional Liability, Workers Compensation, General Liability, and Auto. In this role, you will work closely with our underwriters to project the results for individual trading relationships. In addition, you will grow your knowledge of industry trends and incorporate this into your individual treaty pricing work. What will you do in this role? Treaty Pricing – price standard and complex reinsurance deals for North American Casualty lines of business Perform loss trend studies to support of the One Axis model across both Insurance and Reinsurance divisions Deep dive into market and portfolio data to develop indices and model parameters Collect and validate data from clients to input and process it with AXIS pricing tools Liaise with underwriting to properly understand and reflect the risk Work with Reserving, Claims, and relevant internal departments in sharing knowledge and workflow. Use actuarial methods to estimate expected losses, cash flows, risk aggregations and advise management on technical pricing, and ensure robust economic and actuarial evaluation of commercial agreements Provide actuarial input into portfolio monitoring, business planning, and projections Support development and maintenance of data analytics tools and models Participate in cross functional teams and projects and provide best actuarial practices Participate in client and broker meetings/visits You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role. About You: We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals. What you need to have: Bachelor’s degree or equivalent within Actuarial Science or similar technical field A minimum of 7 years of experience in treaty pricing at a reinsurance company or broker or large account pricing experience at an insurance company Ideal candidate is a career ACAS to FCAS Specific expertise in certain casualty lines of business Expert level user of MS Office Proficient in at least one programming language such as VBA, C#, R, or SQL What we prefer you to have: Self-initiated and high motivation; proactively addressing of issues Strong team player Good communication and presentation skills Ability to work in a dynamic and international environment Ability to manage priorities Demonstrated rigor and work ethic Role Factors: In this role, you will typically be required to: Be in the office 2 days per week What we offer: For this position, we currently expect to offer a base salary in the range of 185k to 215k (NY). Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location. In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance. On top of this, you will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more. Where this role is based in the United States of America, this role is Exempt for FLSA purposes. Rewarding. Challenging. Meaningful. We are shaping the direction of Insurance and Reinsurance during a critical and exciting time for the industry. Whether you are a student approaching graduation or a seasoned professional looking for a new environment, AXIS has the right challenges and career opportunities for you. At AXIS, we value each individual and recognize that attracting and retaining the right people is essential to the success of our company. We offer a comprehensive and competitive benefits package which includes medical plans for employees and their families, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.
