Job Information
Axis Actuarial Analyst/Senior Actuarial Analyst - Pricing in New York, New York
This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.
At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.
All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.
Actuarial Analyst/Senior Actuarial Analyst
The Pricing team has responsibility for developing consistent pricing practices within the AXIS Insurance segment and is primarily responsible for pricing, product monitoring, profitability studies, new business development, business planning, and price monitoring. The Pricing team interacts extensively with other functions including underwriting, finance, reserving, risk management, reinsurance, operations, and claims. The Senior Actuarial Analyst will provide actuarial support to the North American Casualty Lines Practice.
KEY DUTIES & RESPONSIBILITIES:
Support the quarterly product monitoring analysis on existing business to identify issues and opportunities and assist in the development of action plans
Analyze new business opportunities and expansion of current businesses
Develop, analyze and communicate monthly rate monitoring for ongoing business
Design and build metrics and dashboards to provide insight to management
Work with the reserving team to establish/update key reserving assumptions
Provide assistance in the development and maintenance of rating plans
Assist with the analysis, design, implementation and support of benchmark pricing tools for the business
Assist with the analysis and communication of quarterly results and detailed accident and calendar year analysis and commentary for management and external communications
QUALIFICATIONS:
Bachelor’s Degree in Math, Actuarial Science, Accounting, Economics, Statistics, Business, Risk Management or a similar field which demonstrates an affinity and talent for quantitative analysis
A minimum of two years of experience working in the property/casualty insurance industry in a pricing, reserving or other actuarial capacity
Associate or corresponding actuarial exam progress with Casualty Actuarial Society or other relevant actuarial organization
Advanced knowledge of analytical tools such as SQL and VBA. Knowledge of R and Python is a plus
Excellent PC skills and knowledge of Microsoft product suite, particularly Excel
Basic working knowledge of a property & casualty insurance company’s operations and an understanding of the general function of each insurance departmental area such as Finance, Underwriting, and Claims
Excellent organizational skills and a strong attention to detail
Ability to prepare and present materials to all levels of management
Note that the person filling this person will be expected to continue to take actuarial exams and will be eligible for the company’s actuarial study program
RELATIONSHIPS:
- This position’s working relationships require the individual to proactively and professionally interact with a wide range of individuals within the company; primarily Underwriting but also including Finance, Risk, Reinsurance, Operations and Claims. This person should be a team player and be able to work with a diverse group of personalities.
For this position, we currently expect to offer a base salary in the range of $85,000 - $135,000 (GA); $90,000-$140,000 (IL), $125,000-$160,000 (NY). The specific salary offer will be based on an assessment of a variety of factors including the experience of the successful candidate and their work location. In addition, all employees are eligible for competitive incentive targets, with awards based on overall corporate and individual performance. On top of this, we offer a comprehensive and competitive benefits package which includes medical plans for employees and their families, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.
Rewarding. Challenging. Meaningful.
We are shaping the direction of Insurance and Reinsurance during a critical and exciting time for the industry.
Whether you are a student approaching graduation or a seasoned professional looking for a new environment, AXIS has the right challenges and career opportunities for you. At AXIS, we value each individual and recognize that attracting and retaining the right people is essential to the success of our company.
We offer a comprehensive and competitive benefits package which includes medical plans for employees and their families, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.