What are the responsibilities and job description for the Specialist Actuary, Excess Casualty position at AXA?
Specialist Actuary, Excess Casualty
Exton, PA I USA
In this role you will be a part of the North America Excess Casualty Insurance actuarial pricing team. This role will focus on Middle Markets umbrella and excess casualty support, but may also engage in large commercial cross-product support. You will produce actuarial pricing models, analyses, insights, and tools for Excess Casualty actuaries and underwriters. The role is based in Exton, PA, USA however the business is written in offices throughout the United States.
DISCOVER your opportunity
What will your essential responsibilities include?
- Support development, testing, calibration, and maintenance of umbrella and excess casualty pricing tools. Support maintenance of complex rating algorithms including pricing parameters studies, pricing change impact analysis, and documentation.
- Pricing tool data collection oversight, analysis, quality checking, and reporting.
- Conduct competitor studies to support strategy development, financial planning and business decision making.
- Utilize pricing tools and actuarial acumen to produce account-specific pricing guidance accurately, timely, completely, and with reasonable self-direction. Collaborate with other actuaries when forming pricing guidance. Effectively communicate selections to underwriters.
- Micro portfolio management activities including selection of base loss ratio for business planning, profitability studies & deep dives, dashboard maintenance, and post-event loss evaluations.
- Engage closely with teams to improve pricing accuracy including but not limited to: Governance, CUO, Underwriting, Reserving, Claims, Models & Analytics, IT, Compliance, etc.
- Ad hoc projects to improve the quality of data that is used in pricing analysis.
- Training of underwriters, more junior actuaries, etc. in pricing matters.
You will report to the Head of Pricing, Excess Casualty.
SHARE your talent
We’re looking for someone who has these abilities and skills:
Required Skills and Abilities:
- Bachelor’s degree in actuarial science, Mathematics, Applied Math, Statistics, or related field
- Motivated, strategic thinker with a robust collaborative work ethic and a focus on quality and integrity
- Proficiency in Excel
Desired Skills and Abilities:
- Material experience of non-life insurance pricing or reserving
- Qualification level – Qualified or near qualified actuary
- Pricing support of middle market, commercial lines pricing, and/or small commercial (CMP or BOP)
- Proficiency gathering and analyzing Verisk’s ISO circulars (including but not limited to trend and ILFs), ISO loss cost database, familiarity with the commercial lines manual and ISO experience rating plan
- Programming proficiency in Python, R, or SQL
- Familiarity with various Department of Insurance (DOI) state filings and regulations. Experience in preparing, submitting, and managing compliance with state filings.
- Leadership skills to work collaboratively with colleagues to build consensus
- Exceptional problem-solving and analytical skills, as well as attention to detail
- Excellent influencing and negotiating skills utilizing effective verbal and written communication
- Adaptable to new challenges and proactive for innovative problem solving
- Good organizational, time management and prioritization skills
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 Sustainability at AXA XL.
The U.S. pay range for this position is USD 94,500 – 142,000. Actual pay will be determined based upon the individual’s skills, experience, and location. We strive for market alignment and internal equity with our colleagues’ pay.
At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits. We also believe in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers. For more details about AXA XL’s benefits offerings, please visit US Benefits at a Glance 2025.
