Actuary Corporate Actuarial - Paris, France - AXA

Description

Actuary, Corporate Actuarial (IFRS17 and corporate reserving activities)

Paris

The role is for a Corporate Actuary within the AXA XL Actuarial Corporate Reserving team.

The Corporate team is overlooking and consolidating AXA XL division reserves, for reporting into AXA Group and AXA XL division regulator in Bermuda.

The team is located in several geographies:
Paris, London, New Delhi.

AXA Group and consolidated accounts for Bermuda will be moving to IFRS17 in 2023. This role will be contributing to the calculation and reporting of AXA XL under IFRS17 new standard.

The candidate will also contribute to other transversal activities managed by the corporate actuarial team, for example coordination of external opinions done by AXA XL risk management and by auditors, actuarial function report.

DISCOVER your opportunity

What will your essential responsibilities include?

Calibration of assumptions required for IFRS17 calculation and their justification (such as payout pattern, risk adjustment, yield curve, IFRS17 PAA eligibility).

You will be liaising with other internal teams or with AXA Group to collect or compute those assumptions

Computation of IFRS17 specific adjustments as part of the booking, forecasting and budget exercises. Ensure end to end reconciliation of the process, and consistency of the results at all reporting grains

Presentation of those results to actuarial, finance or Group teams. In this context, explanation of the variance as compared to previous exercises will be required with a breakdown of the main drivers of the change (economic changes or claims evolution)

Contribute to the preparation of the Actuarial function report for AXA XL division that needs to be produced annually, including opinions on reserves, underwriting and reinsurance.

This activity will be done in coordination with the Global Chief Actuary.

It will require during the year to follow up reinsurance renewal process, follow up the evolution of the portfolio (evolution of exposure, change of strategy), follow up recommendations on reserves calculation and associated actions plan.

Follow up and contribute to the action plan listed in the report, as well as action plans stemming from regulators review


This will include:

assessment of the impact of new claims guidelines on reserving activities, opine on suitability of key assumptions and methods, identify key data quality issues and action plan to resolve them.

Follow up internal and external opinions on AXA XL reserves: share data required for external parties to provide an external opinion on reserves, create reports highlighting main areas of differences between the opinions, share results within the team

SHARE your talent

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

Actuarial Experience: 2-year experience in Reserving within non-life insurance industry (corporate and/or reinsurance business is a plus).

Communication:

Excellent verbal and written communication, collaboration and presentation skills especially as we liaise extensively with individuals across disciplines and around the world.

Ability to write concise reports mixing both actuarial and business-oriented topics.

Planning & Organization:
ability to deliver results according to agreed deadline and suggest workaround solutions to overcome difficulties

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 strong 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

Diversity & Inclusion

We know that a diverse workforce and inclusive culture enable business growth and are critical to our success.

That's why we have made a strategic commitment to attracting and retaining the most diverse workforce possible, while creating a strong, inclusive culture where everyone is welcome and can contribute and reach their highest potential.

Named to the Diversity Best Practices Index – 2017, 2018

Signatory to the CEO Action for Diversity

Signatory to the UK Women in Finance Charter

Twelve Colleague Resource Groups around the Globe

Robust support for Flexible Working Arrangements

Enhanced family friendly leave benefits