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AXIS Capital
,
London, Greater London
Pricing Analyst, Professional Lines
Overview
Job Description
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. The pricing team within the International Division at AXIS Insurance has responsibility for the following: * Providing actuarial pricing recommendations regarding risk selection, contract structure, coverage and pricing for large or complex traditional deals or more bespoke specialty risks. * Working closely with underwriters to scope, build, develop, document and maintain rating models and methods; training and support around best practice model use. * Monitor the quality and accuracy of rate monitoring data produced by rating models/ transactional case pricing. Quantify the technical adequacy of rates required to meet targeted returns on capital * Evaluating the impact of market conditions and rate change. Analysis and research into the rating environment and market behaviour within key business lines. * Assessment and modelling of potential aggregations of risk. * Detailed segmental reviews within classes of business to objectively assess profitability; provide evidence-based conclusions and recommendations for strategic changes, underwriting actions and portfolio optimisation. * Monitoring the execution of underwriting actions and strategy implementation; assessing the impact of these on the account's profile and emerging claims experience. * Maintain the feedback loop (control cycle) and provision of information and analysis between the pricing, reserving, capital modelling and business planning processes. * Input into the business planning process for the AXIS Group and legal entities - primarily to determine gross of reinsurance loss picks, but also to inform assumptions around the efficacy of, and recoverability from, different outwards reinsurance programme structures. Qualifications and Experience * First class or 2:1 University degree * A-level mathematics * Ideally 2 years experience in a General Insurance actuarial role; consultancy or company. London Market background preferential. * Intention to qualify as a fellow of the Institute & Faculty of Actuaries, Casualty Actuarial Society or equivalent professional body; strong track record of progress in actuarial examinations to date. Skills * Competent user of Excel, Word, Powerpoint. Model building and development. Programming skills in automation, database management and statistical packages will be a strong advantage (MS SQL, R, VBA). * Excellent communication and interpersonal skills; able to establish credibility and build a rapport with a wide range of people, including senior underwriters, business unit leaders and divisional leadership. * Commercially-focused, flexible, open and collaborative. * Thoroughness, attention to detail and diligence. * Self-starter, proactive and a quick learner with strong numeracy skills. Willing to question and investigate whilst having the ability to 'look beyond the numbers' and inform decisions in qualitative terms as well as quantitative. * Ability to multi task and manage conflicting priorities. * Reasonable understanding of the standard reserving and pricing methods used in General Insurance and more specifically, the London Market. How the London market operates and the key issues and trends. * Keen to further technical and market knowledge through own research and CPD. Key Performance Indicators * Quality of work - technically sound, well thought-through, and free from errors. * Trust and respect of peers, senior actuarial colleagues and underwriters. * Timeliness of delivery and appropriate prioritising of work. * Innovation - identification of new methods and opportunities to improve systems, actuarial analysis and processes. * Contribution to the effectiveness of the Pricing Function and profitability of AXIS Insurance. * Passing of actuarial examinations.