North America Property Pricing Actuary

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.

North America Property Pricing Actuary

Job Family Grouping: Actuarial Pricing

Job Family: H

How does this role contribute to our collective success?

The Pricing function supports underwriters and management in building robust and profitable portfolios by providing objective insights through deep product expertise and by utilizing state-of-the-art functional capabilities.

The Property Pricing team is responsible for all pricing analytics for E&S, Inland Marine, Global Property, Delegated Property and Construction across the insurance division. Their focus is on applying common analytical standards across the products for case pricing, performance measurement, and portfolio steering.

The North America Property Pricing Actuary will be a leading contributor to the North America Lines pricing practice and will be embedded with underwriting functions for the business units. This role will proactively engage with Reserving, Risk Management, Finance, and Claims colleagues to achieve desired business outcomes and implement business strategies. Their detailed knowledge of these portfolios would result in insightful analytics to support overall product strategy and goals.

What will you do in this role?

• Assist with the development, validation, and maintenance of a suite of technical pricing models across the various Property products which enable:

  • Technical pricing of individual risks

  • Direct capture of rate and exposure changes from prior terms

  • Production of pricing loss ratios by class

  • Assessment of individual risk rate adequacy and profitability tier

• Support individual transactions and perform case pricing in line with pricing governance, as needed.

• Lead the regular product monitoring analysis cycle for the lines and lead the discussion with the Division and Business leaders to identify issues, discuss opportunities, assist in the development of actions plans, and develop measures to monitor their progress.

• Contribute to the Property Underwriting management team in the development, assessment, and implementation of business strategies.

• Synthesize information across subject areas and present conclusions to divisional management.

• Coordinate the selection of expected loss ratios for financial planning in consideration of business strategies, market conditions, mix of business, loss trend, loss costs and reinsurance structures – engaging with Reserving to corroborate planning assumptions.

• Evaluate the potential profitability and assemble expected loss and combined ratio selections for new business opportunities.

• Develop, support, and maintain key risk assumptions by class, and integrate risk-based pricing metrics into individual risk pricing and portfolio measurement.

• Recommend and introduce more technical and detailed price monitoring analyses.

• Help with management and development of a team of supporting actuaries.

• Recommend and assist with the implementation of more comprehensive data capture.

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.

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