Insurance actuary in Gurugram, India

We invent the new to help the world move forward. We are seeking a highly skilled and experienced Qualified Actuary to join our Property & Casualty (P&C) Reserving team. The successful candidate will manage various portfolios for a region/legal entity. The successful candidate will play a critical role in review of the analysis, estimation, and reporting of reserves for our P&C insurance products. This position requires a deep understanding of actuarial principles, advanced statistical methods, and regulatory requirements. Underwriting Unit Reserves Actuary in the Actuarial Financial Reporting team in India, with the responsibility of one of the largest US Casualty line of business within AXA XL division.

The candidate will have the responsibility to rationalize, document and present their results to company's business and management teams.

Regular discussions on the portfolios with Head of Reserving and Regional Chief Actuary on the valuation results and claims experience, methods and assumptions used.

Financial Reporting: Ensure all deliverables are met by the team on a timely basis, to allow for consultation with the business and meet all financial reporting requirements.

Lead the consulation with underwriters and management regarding experience, implications for financial reporting and recommendation for areas of consideration through valuation analysis.

Assess, review and challenge all reserving decisions made in respect of these businesses along with presentation and provision of management information to the management, both internal and external to the reserving team.

Business Planning and Profitability analsysis: Actively participate in projecting budget loss ratios for the various segments within the line of business. This will be used to assess and forecast the future profitability, providing critical insights to support strategic planning and decision making. The results will be communicated to the company's business and management teams, highlighting implications for profitability at both the business group and segment level.

Regular evaluation of ongoing profitability of the business feeding into Business Planning considerations, but also to support portfolio management and strategy within the business.

Conduct in-depth analyses of different aspects of the portfolio, to gain insights into business intricacies.

Business Partnering: Regular discussions with the business partners on claims, underwriting and pricing side to understand the business strategies and market environment to ensure these are considered in the reserve projections of the portfolio.

Identify business challenges and risks in the portfolio considering latest market environment and outline methodologies to address these risks and propose potential solutions.

Understanding business problems and translating business information into dynamic and effective reports or dashboards to generate meaningful business insights.

Provide actuarial insights on strategic initiatives and other business/results communications, as requested.

Team management and compliance: Ensure adherence to internal guidelines and processes in all the analysis and results. Managing discussions with external parties including auditors and other external stakeholders, regarding data and results

Research/Learn about new Reserve/Reserve Risk/claims analytics methodologies and develop new and creative solutions to actuarial issues.

Self-directedly analyzing project requirements to own and deliver projects/initiatives with very high quality to establish support credibility.

Qualified Actuary with atleast 10 years of experience working in an insurance and/or actuarial consultancy is required, with a significant focus on reserving. Capability to navigate in a Global actuarial organization with multiple stakeholders within both the Central Actuarial teams and the Regional Actuarial teams. A key part of the role will be to develop and maintain excellent working relationships with these teams as the actuarial team is a Global function.

Relevant experience of presenting and communicating ultimate claims movements and trends to underwriters.

Business Partnering: Able to demonstrate an in-depth knowledge of the businesses responsible for, as well as translate actuarial output into business value, ensuring various customers are able to understand the practical implications of our analyses and how the information provided can help them to make appropriate business decisions.

Strategic Thinking and Tactical Implementation: Ability to invent, design and build solutions.

Able to plan long term deliverables and ensure tasks are planned and completed timely and any delays or complications are communicated early and resolved appropriately.

Ability to work with minimum supervision and problem-solving ability.

Team management experience including managerial skills, coaching and development, performance management, delegation and communication.

Ability to manage key projects focussing on simplification, efficiency and transformation, spanning across multiple portfolios and impacting the entire division.

Technical expertise in SQL, SAS, VBA or other programming language, would be an added advantage.

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

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

com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.

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.

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. Our 2023-26 Sustainability strategy, called 'Roots of resilience', focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.

Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. 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.