Head of Reserving Allocations

2 months ago

Dublin, Ireland AXA Group Full time

Head of Reserving Allocation

Location flexible: London, Dublin, or Paris

We invent the new to help the world move forward. Combining powerful analytics and deeper insights with bigger ideas and innovative solutions, we free up our clients’ potential, thereby fulfilling our own. Take it seriously. Make it fun. Know it matters.

Currently at AXA XL, we perform in-depth reserving analysis twice a year, for the Half-Year and Full-Year booking exercises. The reserving analysis is done at the Reserve Class level.

The actuarial reserving is done for each reserve class in total for the AXA XL division.However, this may need to be further split into various granularities for management, additional financial, legal and regulatory reporting purposes.

As part of our drive for continuous improvement in processes, Actuarial Finance Reporting (AFR) have developed a sophisticated solution to allocate IBNR from Reserve Class to any reporting grain. This is in addition to the existing allocation solution and will enable enhanced management information, facilitate better and faster business decisions and easier complement some financial, legal and regulatory reporting.

DISCOVER your opportunity

The role of Head of Reserving Allocations is a newly created role to support the enhanced work on allocations that has been developed.The successful candidate will be expected to lead the allocations actuarial work, at any level (branch, marketing segment, geography), ultimately at the policy level and to develop actionable insights from analysing the policy level data.

In total, there will be a team of six people working directly on allocations, additionally to the Head of Allocations, a 5 FTE Allocation team will be located in India. The team will work closely with a number of stakeholder groups.A Steering Committee will oversee the work of the allocations team.

Within the Actuarial Financial Reporting department, this role will report directly into the Chief Actuary, APAC & Europe.

The Key stakeholders

The Head of Reserving Allocation will have three key stakeholder groups:

The Allocations Steering Committee who agree the priorities of the Head of allocation and the allocations team; The5 FTE Allocations team; Actuarial Financial Reporting department.

What are the key responsibilities of the Head of Reserving Allocation?

The Head of Reserving is responsible for:

Leading the implementation of the new allocations approach; Researching and development on allocations to ensure the optimal approach; Facilitating and guiding the allocations team in managing daily priorities, coordinating work, and communicating with all stakeholders; Setting the priorities for the team for each quarter and have these priorities approved at SteerCo; Engage effectively with the various stakeholders and work collaboratively to build a common view on allocations; Oversee the analytics of the policy level allocation and develop actionable insights Persuasively present the analytics and actionable insights to senior leaders, both within and outside of Actuarial Financial Reporting Assess data quality issues and work with the responsible functions to improve data quality.

SHARE your talent

We’re looking for someone who has these abilities and skills:

Qualified Actuary Significant post-actuarial qualification experience in an insurance company and/or actuarial consultancy. Excellent analytical and modelling capabilities with research and problem-solving skills. A high degree of actuarial technical skills Exceptional communication skills – tailored for senior stakeholders within and outside of the actuarial function Ability to handle multiple priorities and tight deadlines and be responsible for priorities and deadlines for others. Capability to work in a multi-cultural environment with correspondents located in the US, India, the UK, Ireland and France Ability to work with minimum supervision and problem-solving ability. Experience of statistical analysis software or predictive modelling will be an added advantage. Ability to work independently and as part of a team. Ability to review work of others for accuracy and completeness. Innovative and results orientated. Technical expertise in ResQ, SQL. Experience in Power BI would be an added advantage.

FIND your future

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.

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