Capital Analyst

AXA XL is an Equal Opportunity Employer.

London, UK

In the UK, AXA XL has both a UK regulated insurance company (AXICL UK) and Lloyd’s operations, the combination of being able to issue Lloyd’s and AXICL UK paper in the UK as well as XLICSE paper in the EU ensures that AXA XL is well positioned to work with clients and brokers to offer solutions for business. AXA XL underwrites a wide variety of commercial insurance products globally, with many speciality lines particularly written in the UK via our Lloyds syndicate.

The role is within the Risk Management function, in the Actuarial Risk Centre of Excellence. This is a group of actuaries and other technical professionals striving to support the business in risk based decision making.

The key purpose of the role is to support the Head of Capital Modelling – UK in ensuring that the risk profile of UK entities are adequately modelled and communicated. In particular this includes supporting engagement with Lloyd’s on capital issues in respect of AXA XL’s syndicates such as the annual Solvency Capital Requirement (SCR) assessment process. This role would suit someone with a keen interest in mathematical modelling and a desire to pursue an actuarial career path.

• Support fulfilment of Lloyd’s Capital Modelling requirements, in particular annual SCR assessment and reassessment process through
  • Working with the UK Capital team to grow your knowledge of the insurance environment, in particular within Lloyd’s while supporting UK Capital Modelling and required reporting
  • Ensuring parameterisation processes are completed in time for model use and in line with specified standards
  • Reviewing model code and adjust where necessary
  • Performance of testing on model outputs to ensure appropriateness of model calibration
  • Reviewing model inputs and outputs and justify their appropriateness for the entity’s exposure
  • Ensuring governance processes are appropriately followed and data quality standards are met
  • Production and maintenance of Model documentation to a sufficient standard to meet regulatory and professional demands in respect of any activity carried out
• Support the assessment of capital for AXA XL Insurance Company UK, developing and applying methodologies to extract and adjust relevant distributions from the AXA XL Divisional capital model
• Support the engagement with users of internal model information to support understanding of underlying volatility and support risk based decisions
• Respond to queries or ad hoc investigations concerning the capital or underlying risk position of the UK entities.

You will report to the Head of Capital Modelling - UK.

• Highly numerate (at least A level maths) and analytical mindset
• Desire to follow an Actuarial Career path (study support is available)
• Curious, inquisitive, innovative and open to new ideas
• Excellent attention to detail
• Good written and verbal communication skills
• SQL, R and Python coding skills beneficial
• A self-starter with effective organizational skills.
• Demonstrates a growth mindset by embracing continuous learning, seeking feedback and proactively developing new skills.
• Highly collaborative and a dedicated team player, committed to building influential relationships and working effectively across functions to achieve shared goals.

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.

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