Reserving Actuary - Alpharetta, United States - Axis Capital

Description

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.

How does this role contribute to our collective success?This role is a member of the AXIS Professional Lines actuarial reserving team and assists in performing and enhancing quarterly reserving analyses for both insurance and reinsurance business.

What will you do in this role? Quarterly Reserving

• Provide analyses for quarterly reserving for the Professional Lines segment and present results to management
• Support the selections of initial expected loss ratios by evaluating trend and rate change experience, working closely with pricing actuaries
• Perform actual versus expected analyses, including explanation of large movements during the quarter
• Review quarterly underwriting year and accident year exhibits for divisional, segmental, and group reserve meetings, along with interpretation of results
• Participate in ad-hoc reserve and profitability studies on specific lines of business, including analysis of underwriting and claim trends, shifts in mix of business, changes in limits or retentions, and examination of loss and premium development patterns
• Partner with Pricing and Underwriting counterparts to provide insights and better understand results
• Assist with the analysis of new business opportunities and expansion of current business, as needed
• Assist with the projections underlying the plan for the subsequent yearFinance/Corporate Support
• Maintain relationship with outside auditors and third-party reserving partners
• Respond to data requests and provide support for quarterly reserving from the corporate actuarial group
• Assist with the analysis of quarterly results and detailed accident and calendar year analysis and commentary for internal and external clientsImportant Working Relationships
• This position's working relationships entail frequent interaction with all departments of the company (Finance, Underwriting, Insurance, Reinsurance, Claims, ILS, etc.). This person should enjoy working as part of a team and be able to work with a diverse group of personalities.

You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.

About You:

We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.

What you need to have:

• Significant experience in the Property & Casualty actuarial field, also possessing significant reserving experience
• Bachelor's Degree in Math, Accounting, Economics, Statistics, Business, Risk Management, or a similar field which demonstrates an affinity and talent for quantitative analysis
• ACAS or FCAS (or equivalent actuarial qualification) , or significant progress towards qualification
• Excellent PC skills and knowledge of Microsoft Excel
• Familiarity with VBA, SQL, and ResQ are pluses but not required
• In-depth knowledge of Property & Casualty insurance company reserving and operations

Excellent organizational skills and a strong attention to detailWhat we prefer you to have:

• Experience in Professional Lines reserving and/or pricing is preferable, but not essential

Role Factors:
Be in the office 1-2 days per week on average


What we offer:

For this position, we currently expect to offer a base salary in the range of $160k to $200k (NY), $150k-$190k (CHI), $140k to $170k (GA).

Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location.

In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance.

On top of this, you will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.

SummaryLocation:
New York, NY; Chicago, IL; Alpharetta, GAType: Full time