AXA XL is an Equal Opportunity Employer.
Head of Reserving – International Liability, AFR
Dublin, Ireland
You will be responsible for the liability lines of the International Business Group of AXA XL; International Casualty and International Motor. This equates to gross reserves of $7bn and annual gross earned premiums of $1.8bn.
You will present results and insights from your Underwriting Units to senior stakeholders both inside and outside the Actuarial Function.
In achieving this, you will have the support of direct reports in Ireland, and you will work closely with other teams within Actuarial Financial Reporting (AFR), with respective pricing actuaries, with the wider Global Finance team, and will exchange with the providers of independent actuarial opinion(s).
What you’ll be DOING
What will your essential responsibilities include?
Valuation Analysis: within the AFR framework, the valuation is completed twice a year following quarter 1 and quarter 3 Actual vs Expected analysis:
Assessing, reviewing and evaluating the appropriateness of methodologies and assumptions across relevant lines of business, and driving changes where this is considered appropriate.
Reviewing the rationalisation of any changes to methods and assumptions and the impact on financial reporting.
Presenting results and rationalisations to senior management both internal and external to the Actuarial Function.
Quarterly Financial Reporting: Delivery of quarterly performance analysis for the liability lines of business of the International Business Group. This will include consideration of emerging experience in respect of attritional losses:
You will have responsibility for the reserving for the International liability lines portfolio.
Assessing, reviewing and evaluating all reserving decisions made in respect of these businesses along with presentation and provision of management information to the legal entity actuaries and to the Global Chief Actuary.
Ensuring all reporting deliverables are met by the team through the Quarter End Process to allow for full consultation with the business and to meet financial reporting requirements.
Leading the consultation with underwriters and management regarding experience in the quarter, implications for financial reporting and recommendation for areas of consideration through the valuation analysis.
Reviewing and explaining all material movements and impacts in the quarter across relevant businesses.
Assessing, reviewing and questioning (where necessary) any second opinion results, in addition to the annual audit process.
The candidate will also explain the consequences of the reserving to the business. You will have responsibilities to the individual legal entity’s actuaries to rationalise, document and present at these different levels.
Profitability Analysis: Regularly evaluating the ongoing profitability of the business feeding into Business Planning considerations, but also to support portfolio management and strategy within the business.
Business Planning: The AFR team is a key contributor to the development of the AXA XL division business plan each year, and this role actively participates in the setting of the budget loss ratios at the different portfolio levels. This will include evaluating underwriting strategies with the business and their pricing actuaries.
Legal Entity Support: AXA XL writes business through a number of different legal entities. You will contribute to legal entity assessments and support the rationalisation of legal entity changes and impacts for these businesses.
Special Projects: Alongside your business and legal entity responsibilities, you may also become involved in special projects intended to contribute to the development of the AFR team as a whole, which could involve development of processes or exhibits or focused investigations regarding new methodologies or assumptions potentially impacting the reserving analysis for all lines.
You will report to Head of XLICSE and APAC & Europe Reserves Function.
What you will BRING
We’re looking for someone who has these abilities and skills:
Required Skills and Abilities
Qualified actuary with extensive experience within the non‑life insurance industry, with a significant focus on reserving. Knowledge of ResQ software and excel add‑in would be an advantage.
Ability to manage multiple conflicting tasks and outputs. Able to plan long‑term deliverables and ensure tasks are planned and completed accordingly and that any delays or complications are communicated early and resolved appropriately.
Capability to navigate in a global actuarial organization with multiple stakeholders within both the Central Actuarial teams and the Regional Actuarial teams. A key part of the role will be to develop and maintain excellent working relationships with these teams as the actuarial team is a global function.
Compelling Communication: Excellent verbal and written communication, collaboration and presentation skills. Must have the ability to communicate even negative or difficult messages in a constructive and effective manner at all levels. Relevant experience of presenting and communicating ultimate claims movements and trends to underwriters.
Business Partnering: Able to demonstrate an in‑depth knowledge of the businesses responsible for, as well as translate actuarial output into business value, ensuring various customers are able to understand the practical implications of our analyses and how the information provided can help them to make appropriate business decisions.
Strategic Thinking and Tactical Implementation: Ability to invent, design and build solutions.
What we OFFER
Inclusion
AXA 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 enables business growth and is critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and 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 Charter
Total Rewards
AXA XL’s Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.
We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.
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