Specialist Actuary – International Casualty, Afr

Specialist Actuary – International Casualty, AFR

Dublin, Ireland

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The role is for a Specialist Actuary supporting the Head of Reserving for the International Liability Lines for AXA XL division in the Actuarial Financial Reporting team in Dublin. International Liability Lines encompasses the International Casualty and International Motor portfolios, with this role dedicated to International Casualty. This equates to gross reserves in excess of $7bn and annual gross earned premiums of c$1.5bn.

The Actuarial Financial Reporting team in Dublin are a key part of the AFR teams who are based in London, Paris, the US and India. The candidate will be expected to work very closely with the AFR team and to build and maintain good working relationships with the wider team. The candidate will also be involved with the worldwide underwriting teams responsible for this business, as well as interactions with the respective Pricing actuaries, the Claims team, the Ceded Re team and the line of business Finance team.

What you’ll be doing

What will your essential responsibilities include?

• Best Estimate Reserving:
  • Contributing to setting the best estimate reserves of the International Casualty portfolio.
  • Analysing and proposing appropriate methodologies and assumptions across relevant products, and driving changes where this is considered appropriate.
  • Rationalising any changes to methods and assumptions and the impact on financial reporting.
  • Assessing all reserving decisions made in respect of these products along with presentation and provision of management information to the legal entity actuaries and to the Global Chief Actuary.
  • Contributing to the presentation of results and rationalisation to senior management both internal and external to the Reserving team.
  • Supporting the International Liability Lines team in ensuring all reporting deliverables are met through the Quarter End Process to allow for full consultation with the business and to meet financial reporting requirements.
  • Contributing to the consultation with underwriters and management regarding experience in the quarter, implications for financial reporting and recommendation for areas of consideration through the reserving analysis.
  • Analysing all material movements and impacts in the quarter across relevant businesses.
  • Assessing any second opinion results, in addition to the annual audit process.
• 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.
• Business Planning: The AFR team is a key contributor to the development of the AXA XL division business plan each year, and this role actively participates in the setting of the budget loss ratios at the different portfolio levels. This will include evaluating underwriting strategies with the business and their 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 rationalisation of legal entity changes and impacts for these businesses.
• 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 Liability Lines.

What you’ll bring

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

• Actuarial Experience: Nearly or newly qualified non-life actuary with a preference for detailed technical knowledge of reserving and related areas. Knowledge of ResQ software and excel add-in would be an advantage.
• Planning & Organisation: An ability to self-manage multiple tasks and outputs and to understand and respond to the demands required to support the Head of Reserving.
• 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. Has the ability or the potential to develop the ability to communicate even negative or difficult messages in a constructive and effective manner at all levels.
• Business Partnering: Able to demonstrate a knowledge of the relevant business areas, as well as support the Head of Reserving to translate actuarial output into business value, such that the 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 to support the Head of Reserving.

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.