AXIS Capital is seeking a Property Pricing Actuary to support the Global Markets property units covering Global Property, Construction, and Property Binders. This role provides an opportunity to take a step up in responsibility within a high performing pricing team and manage end-to-end pricing and portfolio management processes.
What You'll Do
- Work closely with underwriters and other actuaries to scope, build, develop, document, and maintain rating models and methods; provide training and support around best practice model use.
- Develop referral criteria for actuarial review of pricing deals based on premiums, strategic importance, and/or historic performance.
- Provide actuarial pricing recommendations regarding risk selection, contract structure, coverage, and pricing for individual deals.
- Collaborate with other actuaries and data & analytics teams to deliver on longer-term goals relating to upgrading databases, dataflows, and analytical output.
- Take ownership of data and related queries within the open market and facilities units, driving improvements and efficiencies.
- Monitor the quality and accuracy of rate monitoring data produced by rating models and/or transactional case pricing.
- Contribute to detailed product monitoring and segmental reviews within classes of business to objectively assess profitability; provide evidence-based conclusions and recommendations.
- Contribute to the business planning process to derive CAT and xCAT loss picks for property units.
- Contribute to monitoring the execution of underwriting actions and strategy implementation.
- Maintain the feedback loop (control cycle) and provision of information between the pricing, reserving, capital modelling, and business planning processes.
- Get involved in ad hoc queries and requests from Management, Underwriters, Reinsurance, and Reserving Teams.
What We're Looking For
- 4+ years experience in a general insurance actuarial role, either in consultancy or a company.
- London Market and pricing background highly desired.
- First class or 2:1 university degree in a quantitative subject such as Mathematics, Actuarial Science, or Engineering.
- Fellow of the Institute & Faculty of Actuaries or equivalent professional body, with a strong track record of progress in actuarial examinations.
- Competent user of Excel, Word, and PowerPoint.
- Good understanding of standard reserving and pricing methods used in the London Market for open market and delegated authority business.
- Thoroughness, attention to detail, and strong numeracy skills.
- Keenness to further technical and market knowledge through own research and CPD/PPD.
Nice to Have
- Exposure to coding languages such as R or Python.
- Experience in pricing model development.
- Experience with Power BI to create dashboards.
- Knowledge of the application of AI/Machine Learning to the insurance industry.
Technical Stack
- Excel, Word, PowerPoint
- R, Python
- Power BI
Team & Environment
You will report directly to the Global Markets Property Pricing Lead. The role is part of the AXIS Global Markets Property Pricing Team, which is closely aligned to the divisional underwriting structure.
Benefits & Compensation
- Medical plans for you and your family
- Health and wellness programs
- Retirement plans
- Tuition reimbursement
- Paid annual leave
Work Mode
This position follows a hybrid work model.
AXIS Capital is an equal opportunity employer. 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.
