Reserving Actuary – International Construction, Afr

Reserving Actuary – International Construction, AFR

Dublin, Ireland

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You will be responsible for International Construction, and will support the reserving and planning for International Property. International Construction is part of AXA XL’s International business group, with gross reserves in excess of $600m and annual gross earned premiums of c$350m.

In achieving this, you will collaborate with other teams within Actuarial Financial Reporting (AFR), with respective pricing actuaries, with the wider Global Finance team, and will exchange with the providers of independent actuarial opinion(s).

What you’ll be doing

What will your essential responsibilities include?

• Best estimate reserving:
  • You will have responsibility for reserving on the three pillars (attritional, large losses and natural catastrophe) for International Construction.
  • Assessing, reviewing and evaluating the appropriateness of methodologies and assumptions across relevant short tail lines of business, and driving changes where this is considered appropriate.
  • Presenting management information to the legal entity actuaries, the Global Chief Actuary and business stakeholders.
  • Delivering quarterly performance analysis including consideration of emerging experience for attritional losses; and large loss and catastrophe activity in conjunction with the Head of Major Events Reserving.
  • Leading the consultation with underwriters, claims and management regarding experience in the quarter, implications for financial reporting and recommendations for areas of consideration through the valuation analysis.
  • Reviewing and questioning all material movements and impacts in the quarter across relevant businesses.
  • Ensuring all reporting deliverables are met by the team through the Quarter End Process to allow for full consultation with the business and to meet financial reporting requirements.
  • Reviewing and questioning (where necessary) any independent actuarial opinion results, in addition to the annual audit process.
• Business Planning: The AFR team is a key contributor to the development of the AXA XL division business plan each year, and you will actively participate in the setting of the budget loss ratios at the different portfolio levels. This will include evaluating underwriting strategies with the business and pricing actuaries.
• Legal Entity Support: AXA XL writes business through a number of different legal entities. You will contribute to legal entity assessments and support the rationalization of legal entity changes and impacts for these businesses.
• Profitability Analysis: Regularly evaluating the ongoing profitability of the business feeding into Business Planning considerations, but also to support portfolio management and strategy within the business.
• Special Projects: Alongside your business and legal entity responsibilities, you may also become involved in special projects intended to contribute to the development of the AFR team as a whole, which could involve development of processes or exhibits or focused investigations regarding new methodologies or assumptions potentially impacting the reserving analysis for all lines.

You will report to the Head of Reserving – International Short Tail Lines, AFR.

We’re looking for someone who has these abilities and skills:

• Qualified actuary with experience within the non-life insurance industry, with a significant focus on reserving. Knowledge of ResQ software and excel add-in would be an advantage.
• Ability to manage multiple conflicting tasks and outputs. Able to plan long term deliverables and ensure tasks are planned and completed accordingly and that any delays or complications are communicated early and resolved appropriately.
• Capability to navigate in a global actuarial organization with multiple stakeholders within both the Central Actuarial teams and the Regional Actuarial teams. A key part of the role will be to develop and maintain excellent working relationships with these teams as the actuarial team is a global function.
• Compelling Communication: Excellent verbal and written communication, collaboration and presentation skills. Must have the ability to communicate even negative or difficult messages in a constructive and effective manner at all levels. Relevant experience of presenting and communicating ultimate claims movements and trends to underwriters.
• Business Partnering: Able to demonstrate an in-depth knowledge of the businesses responsible for, as well as translate actuarial output into business value, ensuring various customers are able to understand the practical implications of our analyses and how the information provided can help them to make appropriate business decisions.
• Strategic Thinking and Tactical Implementation: Ability to invent, design and build solutions.

Who we are

What we offer

• 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

• 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.