Head of Reserving - International Liability Lines, AFR

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Head of Reserving – International Liability, AFR Dublin, Ireland We invent the new to help the world move forward

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You will be responsible for the liability lines of the International Business Group of AXA XL; International Casualty and International Motor

This equates to gross reserves of $7bn and annual gross earned premiums of $1.8bn

You will present results and insights from your Underwriting Units to senior stakeholders both inside and outside the Actuarial Function

In achieving this, you will have the support of direct reports in Ireland, and you will work closely with other teams within Actuarial Financial Reporting (AFR), with respective pricing actuaries, with the wider Global Finance team, and will exchange with the providers of independent actuarial opinion(s)

What you’ll be DOING What will your essential

include

Valuation Analysis: within the AFR framework, the valuation is completed twice a year following quarter 1 and quarter 3 Actual vs Expected analysis: Assessing, reviewing and evaluating the appropriateness of methodologies and assumptions across relevant lines of business, and driving changes where this is considered appropriate

Reviewing the rationalisation of any changes to methods and assumptions and the impact on financial reporting

Presenting results and rationalisations to senior management both internal and external to the Actuarial Function

Quarterly Financial Reporting: Delivery of quarterly performance analysis for the liability lines of business of the International Business Group

This will include consideration of emerging experience in respect of attritional losses: You will have responsibility for the reserving for the International liability lines portfolio

Assessing, reviewing and evaluating all reserving decisions made in respect of these businesses along with presentation and provision of management information to the legal entity actuaries and to the Global Chief Actuary

Ensuring all reporting deliverables are met by the team through the Quarter End Process to allow for full consultation with the business and to meet financial reporting

Leading the consultation with underwriters and management regarding experience in the quarter, implications for financial reporting and recommendation for areas of consideration through the valuation analysis

Reviewing and explaining all material movements and impacts in the quarter across relevant businesses

Assessing, reviewing and questioning (where necessary) any second opinion results, in addition to the annual audit process

The candidate will also explain the consequences of the reserving to the business

You will have

to the individual legal entity’s actuaries to rationalise, document and present at these different levels

Profitability Analysis: Regularly evaluating the ongoing profitability of the business feeding into Business Planning considerations, but also to support portfolio management and strategy within the business

Business Planning: The AFR 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 budget loss ratios at the different portfolio levels

This will include evaluating underwriting strategies with the business and their pricing actuaries

Legal Entity Support: AXA XL writes business through a number of different legal entities

You will contribute to legal entity assessments and support the rationalisation of legal entity changes and impacts for these businesses

Special Projects: Alongside your business and legal entity

, you may also become involved in special projects intended to contribute to the development of the AFR 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

You will report to Head of XLICSE and APAC & Europe Reserves Function

BRING We’re looking for someone who has these abilities and skills: Required Skills and Abilities: Qualified actuary with extensive experience within the non-life insurance Industry, with a significant focus on reserving

Knowledge of ResQ software and excel add-in would be an advantage

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

Capability to navigate in a global actuarial organization with multiple stakeholders within both the Central Actuarial teams and the Regional Actuarial teams

A key part of the role will be to develop and maintain excellent working relationships with these teams as the actuarial team is a global function

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

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

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

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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.