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Axis Quant Analyst - Mortgage 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.

The Quant Analyst, Mortgage is expected to manage internal models and tools and perform analysis for pricing, reserving and accumulation testing. This role will support the Mortgage team and additional Specialty lines of business as required in evaluating new reinsurance transactions and business opportunities and preparing analysis and reports on the in-force portfolio.

Key Responsibilities

  • Perform pricing analysis in support of underwriting mortgage reinsurance with Government Sponsored Enterprises (GSEs), Private Mortgage Insurers (PMIs) and other sources (banks, other insurers) in the US and internationally

  • Run internal models and analytics tools in support of growing and managing the Mortgage reinsurance portfolio

  • Assist UW in producing portfolio and account performance reporting through dashboards and other reports, including monthly and quarterly management reports

  • Support in the development/enhancement of automation of performance reports

  • Assist in developing modelling and monitoring guidelines and documentation

  • Investigate mortgage pricing model developments

  • Liaise with IT and AXIS Re Product and Risk units for platform development and enhancements to modelling and reporting

  • Manage and process submission data received from brokers and cedants and share information with services units and other functions as needed

  • Assist in identifying and monitoring housing market measures and evaluating emerging risks

  • Assist in investigating portfolio management strategies such as retrocession and hedging

  • Liaise with consultants & model vendors

  • 5-10% Travel as needed

Key Working Partnerships/Relationships

  • Internally: Mortgage Team Members, Claims and Accounting technicians, Actuaries, Investments, Finance, Risk Funding

  • Externally: Consultants, model vendors

Education/Skills/Experience

  • Minimum requirement of B.S. in finance, computer science or related technical field

  • Outstanding analytical skills with exceptional attention to detail

  • Proven experience in financial modeling and statistical analysis

  • Experience with modeling tools and the interpretation of their output

  • Solid understanding of exposure quantification and actuarial pricing techniques

  • Some exposure to mortgage credit and/or specialty re/insurance pricing

  • Demonstrated rigor and work ethic

  • High level of motivation and a proposer of solutions

  • Ability to manage multiple priorities under tight time constraints

  • Programming experience in Python, R, SAS and/or Matlab

  • Experience with Economic Scenario Generators a plus

For this position, we currently expect to offer a base salary in the range of $123,000-150,000 (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.

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