Actuary - Reinsurance Pricing Specialist
3 days ago
AXA XL is seeking a Senior Associate – Reinsurance Pricing to join our team. As a Senior Associate – Reinsurance Pricing, you will be responsible for quantifying cat risk embedded in reinsurance submissions for the Reinsurance operations. You will also support broader risk management initiatives in collaboration with corporate areas.
Key Responsibilities:
• Gather and interpret information from clients, brokers, and underwriters.
• Model catastrophe reinsurance structures and strategies using RMS, AIR, and other vendors to support actuarial/underwriting functions primarily serving workers comp and agribusiness business lines.
• Work with our customers to understand exposures, review modeling results, explain modeling limitations, and resolve issues promptly.
• Assess data quality and make necessary assumptions for modeling. Create reports for client exposure and model losses.
• Support projects that improve our function such as model validation, exposure aggregation, tool development, and data mining.
• Assist in preparing the quarterly aggregation reports, building out in-force portfolios, and providing the corresponding loss distributions by peril/region.
• Develop processes & scripts to facilitate data transfers and optimize risk calculations.
• Perform other job-related duties as assigned.
Requirements:
• 2-5 years of experience in a cat modeling role. Experience with RMS products, especially RiskLink, is necessary. AIR product experience would be highly advantageous.
• Understanding reinsurance terms and conditions would be highly advantageous.
• Undergraduate-level knowledge of statistical and mathematical concepts is required.
• Robust computer skills in using Microsoft Office (Excel, Access), SQL, and VBA.
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