Specialist, AFR

Specialist, AFR Gurugram, Haryana, India We invent the new to help the world move forward. Combining powerful analytics and deeper insights with bigger ideas and innovative solutions, we free up our clients’ potential, thereby fulfilling our own. Take it seriously. Make it fun. Know it matters. Currently at AXA XL, we perform in-depth reserving analysis twice a year, for the Half-Year and Full-Year booking exercises. The reserving analysis is done at the Reserve Class level. The actuarial reserving is done for each reserve class in total for the AXA XL division. However, this may need to be further split into various granularities for management, additional financial, legal and regulatory reporting purposes. As part of our drive for continuous improvement in processes, Actuarial Finance Reporting (AFR) have developed a sophisticated solution to allocate IBNR from Reserve Class to any reporting grain. This is in addition to the existing allocation solution and will enable enhanced management information, facilitate better and faster business decisions and easier complement some financial, legal and regulatory reporting. The successful candidate will be expected to lead the allocations actuarial work, at any level (branch, marketing segment, geography, etc.), ultimately at the policy level and to develop actionable insights from analyzing the policy level data. In total, there will be a team of eight people (based out of India) working directly on allocations. The team will work closely with several stakeholder groups. A Steering Committee will oversee the work of the allocations team. Within the Actuarial Financial Reporting department, this role will be reported to AVP, Reserving Allocations. What you’ll be DOING What will your essential responsibilities include? Understand the requirements from the key stakeholders and properly document them. Analyze policy-level data in depth to identify trends across various policy dimensions and levels of detail. Comment on profitability at different grains and understand what is driving profitability. Create presentations for senior leaders and provide actionable insights from policy allocations at different grains. Provide support to UWU actuaries to finalize the allocated results at the BU level. Research and development on allocations methodology to ensure continuous improvement and optimal approach. Work closely with the Allocation data team, ensuring the allocation process has run correctly and giving appropriate results. Identify and assess data quality issues and actively work with Allocations data team to improve data quality You will report to Manager, Credit Control & Premium Accounting. What you will BRING We’re looking for someone who has these abilities and skills: Required Skills and Abilities: Part Qualified Actuary. Relevant years of experience in an insurance company and/or actuarial consultancy. Robust analytical and modelling capabilities with research and problem-solving skills. A high degree of actuarial technical skills. Capability to work in a multi-cultural environment with correspondents located in the US, India, the UK, Ireland and France. Ability to work with minimum supervision and problem-solving ability. Experience of statistical analysis software or predictive modelling will be an added advantage. Ability to work Self supportedly and as part of a team. Desired Skills and Abilities: Ability to review work of others for accuracy and completeness. Innovative and results orientated. Technical expertise in ResQ, SQL. Experience in Power BI would be an added advantage. Who WE are 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 What we OFFER Inclusion 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 enables business growth and is critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and 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. Total Rewards AXA XL’s Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do. We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence. 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 axaxl.com/sustainability.