Reserving Actuary

**Risk Management Reserving Actuary**

Gurgaon, Haryana, INDIA

This position is part of the AXA XL Risk Management team which is organized in several Centers of Excellence (Actuarial Risk, Underwriting Risk, Risk Governance and Control, Financial and Market Risk and Catastrophe Risk). This role is part of the Reserving team of the Actuarial Risk Center of Excellence, and based in India.

The Risk Management team is a strategic department within AXA XL dealing with the most difficult P&C challenges and influencing strategic decisions in operations of a leading international Commercial Lines and Reinsurance company.

The actuarial analysis and valuations carried out by the Reserving Risk Management team cover all technical provisions, for the full range of AXA XL’s lines of business, on a worldwide basis.

**DISCOVER your opportunity**
What will your essential responsibilities include?
- Conduct regular technical and reserve valuation analyses across AXA XL’s Lloyd’s lines of business and other areas as required. Develop and select reserving assumptions and methodologies. Review, challenge and ensure their appropriateness including through the development and identification of appropriate validation measures. Identify any areas of uncertainty and estimate their potential impacts. Produce reserve estimates.
- Prepare and present a formal annual report (with half-year updates as required) for submission to the UK Board and UK Executive Committee setting out the Risk Management’s self-directed assessment of reserves for AXA XL’s Lloyd’s Syndicates.
- Engage with the Reserving Team to explain the Risk Management Results for AXA XL’s Lloyd’s Syndicates and explain and justify key assumptions and differences including a detailed method and assumptions file to be disclosed to enable 1st line to compare method and assumptions to 2nd opinion.
- Ensure that reserving policies, processes and procedures locally meet standard requirements notably the Lloyd’s Valuation of Liabilities Guidance.
- Contribute to transversal profitability reviews and the performance, from time to time, of deep dive analysis on specific Lines of Business, together with the Underwriting team. Contribute to Risk Management’s opinion on the Business Plan loss ratios.
- Contribute to any regulatory requirements, be involved in internal projects (e.g. IFRS 17) as far as claims and reserving are concerned.
- Develop close relationships with Claims, Finance, Underwriting and Reinsurance departments to follow-up regularly on trends, claims evolutions, emerging risks, profitability and reserving evolutions.

You will report to AXA XL Head of Reserve 2nd Opinion.

**SHARE your talent**

We’re looking for someone who has these abilities and skills:
**Required Skills and Abilities**:
**Technical and professional skills**
- Qualified actuary with post-qualification experience.
- Technical P&C actuarial expertise in reserving and modeling and developed understanding of London Market Business
- Experience and knowledge of Lloyd’s of London reserving processes and requirements
- Ability to build, use, and understand various actuarial models. Knowledge of data analytics techniques is a plus.
- Good understanding of Underwriting, Claims, and Reserves assessment connections.

**Desired Skills and Abilities**:

- Excellent interpersonal and organizational skills.
- Capacity to solve problems and put things into perspective.
- Demonstrable experience and skill in writing of formal reports and presenting output to a senior audience
- Ability to work self-directly using own initiative and be a good team player. Ability to manage multiple tasks simultaneously within the team to tight deadlines.
- Capacity to adapt to new situations and a keen ability to enhance/organize team working practices.

**Experience**
- Relevant experience in P&C actuarial fields, with a robust reserving background.
- Demonstrated development and/or enhancement of actuarial tool and modelling capabilities.

**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 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.

**Inclusion & Diversity**

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 a diverse workf