AddressSenior Pricing Actuary, Marine
London - UK
In this role you will report to the Head of Pricing Marine and support Marine underwriters globally in all aspects of Marine Pricing. You will be focused on Marine Hull and Liabilities covering c. $325m of written premium worldwide although there will be ample opportunity to be involved with the other Marine lines – Cargo, and Inland Marine. You will have two direct reports and will have exposure to both the UW and Actuarial leadership teams through quarterly business reporting meetings as well as the annual planning exercise.
DISCOVER your opportunity
What will your essential responsibilities include?
- Ensure AXA XL is a leader in the field of technical pricing and portfolio management.
- Maintain and improve the Pricing view of loss ratio by peril for Marine Hull and Liability.
- Build pricing models for new products or where the tools do not currently exist and fostering their use.
- Maintain and streamline existing actuarial pricing tools, including working with senior team, and ensuring all tools are calibrated appropriately.
- Case pricing of large accounts/peer review of case pricing by others
- Manage data collection processes from pricing tools and analyze that data, including regular reports on rate change and profitability metrics.
- Present the pricing metrics to the UW leadership teams as appropriate.
- Challenge Actuarial and UW leadership, Reserving and Capital modelling.
- Drive appropriate consistency in pricing and portfolio analysis across Marine worldwide.
- Ensure efficiency of pricing processes within Marine.
- Ensure compliance with pricing guidelines by the marine pricing team.
- Ensure delivery of core tasks such as planning, core pricing metrics and trend.
- Training of underwriters in pricing matters.
- Liaison with Legal Entity Finance Staff and Regulators for Marine Pricing matters
- Leverage other AXA XL capabilities, e.g. DCP, Risk Consulting, Strategic Analytics…
- Effectively inspire, develop, and manage the 2 direct reports.
You will report to the Head of Pricing, Marine
SHARE your talent
We’re looking for someone who has these abilities and skills:
- Significant experience of non-life property/marine insurance pricing.
- Influential negotiation skills.
- Leadership skills to work collaboratively with colleagues to build consensus.
- Demonstrated experience managing, motivating, and leading a team across multi locations/territories.
- Effective analytical skills.
- Persuasive verbal communications skills to gain buy-in to communicate clearly and concisely with internal and external clients.
- Excellent written communication skills.
- Ability to think strategically.
FIND your future
AXA 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.com
Inclusion & Diversity
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 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 Charter
Learn 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 axaxl.com/sustainability
