What are the responsibilities and job description for the Senior Pricing Actuary position at AXIS?
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.
At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.
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. Accommodation is available upon request for candidates taking part in the selection process.
Senior Pricing ActuaryCasualty Insurance PricingActuarialHow does this role contribute to our collective success?
As the lead pricing actuary for the US Primary Casualty and Lower Middle Market Casualty business units, this individual will support the portfolio strategy of the US Casualty book. They will proactively engage with Reserving, Risk Management, Finance, Claims, and Data & Analytics colleagues to achieve desired business outcomes and implement business strategies.
What will you do in this role?
- Lead monthly Rate Monitoring and Quarterly reporting processes
- Build and maintain pricing tools and reports
- Lead rating engine development and improvement
- Support selection of Loss Ratios in the financial plan, with consideration of business strategies, market conditions, mix of business, loss trend, loss costs and reinsurance structures.
- Lead the regular product monitoring analysis cycle and the discussion with the Division and Business leaders to identify issues, discuss opportunities, assist in the development of actions plans, and develop measures to monitor their progress.
- Work with Ceded Re on Treaty placements and impact of Reinsurance
- Synthesise information across subject areas and present conclusions to individual line underwriting leaders as well as divisional management.
- 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 of information and analyses between the pricing, reserving, capital modelling and business planning processes.
- Support the Underwriting team with Ad Hoc request including (but not limited to) large account pricing, rating model support, key metric summaries, etc.
- You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.
About You :
We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.
What you need to have :
What we prefer you to have :
Role Factors :
What we offer :
For this position, we currently expect to offer a base salary in the range of $180,000 to $200,000 (NYC), $165,000 to $185,000 (Chicago), or $150,000 to $170,000 (Alpharetta). Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location.
In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate performance and your individual performance. On top of this, you will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.
Salary : $150,000 - $170,000
