Property Pricing Actuary

This role will focus on supporting the Global Markets property units covering Global Property, Construction (Open Market, Construction Plant and Equipment and Binders) and Property Binders (UK, North America and International). AXIS writes worldwide property business on both syndicate and company paper.

Responsibilities

• Reporting directly to the Global Markets Property Pricing Lead.
• Working closely with underwriters and other actuaries to scope, build, develop, document and maintain rating models and methods; providing training and support around best practice model use.
• Developing referral criteria for actuarial review of pricing deals based on premiums, strategic importance and/or historic performance of individual deals.
• Providing actuarial pricing recommendations regarding risk selection, contract structure, coverage and pricing for individual deals.
• Collaborating with other actuaries and data & analytics teams to deliver on longer‑term goals relating to upgrading databases, data flows and analytical output.
• Taking ownership of data and related queries within the open market and facilities units and driving improvements and efficiencies as appropriate.
• Monitoring the quality and accuracy of rate monitoring data produced by rating models and/or transactional case pricing.
• Contributing to detailed product monitoring and segmental reviews within classes of business to objectively assess profitability; providing evidence‑based conclusions and recommendations for strategic changes, underwriting actions and portfolio optimisation.
• Contributing to the business planning process to derive CAT and xCAT loss picks for property units to assess potential profitability of the portfolio in the coming year.
• Contributing to monitoring the execution of underwriting actions and strategy implementation, assessing the impact of these on the account’s profile and emerging claims experience.
• Maintaining the feedback loop (control cycle) and provision of information and analysis between the pricing, reserving, capital modelling and business planning processes.
• Getting involved in ad‑hoc queries and requests that arise on property units from Management, UWs, Reinsurance and Reserving Teams.
• Taking on additional duties, responsibilities and activities appropriate to the nature of this role, when required.

Qualifications

• 4+ years of experience in a general insurance actuarial role, either in consultancy or a company setting.
• London Market and pricing background highly desired.
• First‑class or 2:1 university degree with a background in a quantitative subject such as Mathematics, Actuarial Science or Engineering.
• Fellow of the Institute & Faculty of Actuaries or an equivalent professional body, with a strong track record of progress in actuarial examinations to date.
• Competent user of Excel, Word and PowerPoint.
• Good understanding of the standard reserving and pricing methods used in the London Market for open market and delegated authority business, and knowledge of how the London market operates along with key issues and trends.
• Thoroughness, attention to detail and strong numeracy skills.
• Keen to further technical and market knowledge through personal research and CPD/PPD.

Preferred Qualifications

• Exposure to coding languages such as R or Python.
• Experience in pricing model development.
• Experience with Power BI to create dashboards.
• Knowledge of the application of AI/machine‑learning techniques in the insurance industry.

Role Factors

• Be in the office three days per week and as per business needs.

Benefits

• Medical plans for you and your family.
• Health and wellness programs.
• Retirement plans.
• Tuition reimbursement.
• Paid annual leave.

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.

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