AXA XL is an Equal Opportunity Employer.

Reserving Actuary – XLICSE Actuarial Governance & Solvency II, AFR

Dublin, Ireland

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XL Insurance Company SE (XLICSE) is a wholly owned subsidiary within AXA XL and provides the main insurance company platform for AXA XL within Europe and Asia, operating through an international network of branches, subsidiaries and third-party fronting partners. We currently have branches across Asia and Europe writing insurance business; in Europe branches include France, Germany, Austria, Switzerland, Spain, Italy, Sweden, Ireland and the Netherlands.

The role is for an actuary supporting the Head of XLICSE Actuarial Governance and Solvency II team for AXA XL division in the Actuarial Financial Reporting team in Dublin.

The Actuarial Financial Reporting team in Dublin are a key part of the AFR teams who are based in London, Paris, the US and India. The candidate will be expected to work very closely with the AFR team and to build and maintain good working relationships with the wider team. The candidate will also be involved with the worldwide underwriting teams responsible for this business, as well as interactions with the respective Pricing actuaries, the Claims team, the Ceded Re team and the Finance team.

What you’ll be doing

What will your essential responsibilities include?

The successful candidate will be a key member of the Actuarial Function. Due to its transversal nature, the role will encompass both Reserving and Business Planning aspects for both XLICSE and AXA XL.

Business Partnering: This role will also have a responsibility for business partnering with different legal entities branches, as well as supporting with different legal entities branches views of reserves and/or performance. The candidate will support the business at the level of the different legal entities branches that the underwriters use with a clear understanding of the different nature of these portfolios. They will have responsibilities to the individual legal entity’s actuaries to rationalize, document and present their results at these different levels.
Deep dive analysis as part of Valuation exercise: The valuation is completed twice a year following quarter 1 and quarter 3 Actual vs Expected analysis. Assist in the delivery of this valuation analysis where key lines are potentially exhibiting unusual trends / claims experience. This would lead to:
- Assessment, review and evaluate of the appropriateness of methodologies and assumptions across relevant lines of business, and drive changes where this is considered appropriate.
- Reviewing the rationalisation of any changes to methods and assumptions and the impact on financial reporting.
- Presentation of results and rationalisation to senior management both internal and external to the Reserving team.

Business Planning: The Actuarial Financial Reporting team is a key contributor to the development of the AXA XL division business plan each year, and this role actively participates in the setting of the target budget loss ratios at the different portfolio levels for example loss trends, large losses, threat loads, CAT loads, ceded reinsurance. This will include evaluation of underwriting strategies with the business and their pricing actuaries.
Legal Entity Support: The AXA XL division writes business through a number of different legal entities. You will be expected to contribute to legal entity assessments and support the rationalisation of legal entity changes and impacts in respect of these businesses.
Special Projects: Alongside your business and legal entity responsibilities, you may also become involved in special projects intended to contribute to the development of the Actuarial Financial Reporting team as a whole which could involve development of processes or exhibits or focused investigations regarding new methodologies or assumptions potentially impacting the reserving analysis for all lines.

What you’ll bring

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

Actuarial Experience: Qualified actuary with relevant experience within the non-life insurance Industry, with a focus on reserving. Knowledge of ResQ software and excel add-in would be an advantage. Knowledge of Solvency II regulations and developments. A track record which demonstrates development of leadership capabilities as well as the ability to ensure timely delivery under pressure is essential.
Planning & Organisation: An ability to manage multiple conflicting tasks and outputs. Able to plan long-term deliverables and ensure tasks are planned and completed accordingly and that any delays or complications are communicated early and resolved appropriately.
Compelling Communication: Excellent verbal and written communication, collaboration and presentation skills. Must have the ability to communicate even negative or difficult messages in a constructive and effective manner at all levels. 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.

Who we are

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.

Learn more at axaxl.com

What we offer

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

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

Total Rewards

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.

Sustainability

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. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.

Our Pillars:

Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. 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. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.

For more information, please see axaxl.com/sustainability

Reserving Actuary, AFR

Job Description