Chief Actuary, Americas

Chief Actuary, Americas

New York, NY I Stamford, CT I Hartford, CT

The successful candidate will report to Global Chief Actuary in Paris and will involve significant interaction with the Actuarial Financial Reporting team and key business partners globally. The role contemplates management of a team of Underwriting Unit Actuaries who specialize in specific lines of business within the North America Insurance business group. The candidate will be responsible for the evaluation of the reserves and the profitability of the North America Insurance business group, for the division AXA XL and for the Americas Region, through the reserves function and the continuous evaluation of the budget loss ratio.

This includes reserving booking proposals, evaluation of underwriting actions and governance of the budget loss ratio selection process as well as comprehensive review of social, legal, and economic trends impacting ultimate loss costs.

The Chief Actuary, Americas is expected to become the Appointed Actuary and the Signing Actuary for all the US legal entities. This includes responsibility of signing the SAO ("Statement of Actuarial opinions") for all US legal entities and any associated regulatory requirements including an extensive report to support the Signing Opinion.

What will your essential responsibilities include?

• Valuation Analysis : completed twice a year for the Q2 and Q4 reserving analysis:
  
  Review and challenge the appropriateness of methodologies and assumptions selected by UW Unit Actuaries across all lines of business, and drive changes where this is considered appropriate.
  
  Ensure documentation is maintained in line with the AXA XL division reserving policy and actuarial standards of practice and fulfill any specific legal entity requirements. Maintain consistency of approach in the SPARTA environment with other business groups in accordance with internal valuation guidelines.
  
  Under the responsibility of the Global Chief Actuary, presentations of results and rationalization to internal stakeholders, to the division leadership team but not exhaustively the CEO, CFO and CRO, to the Americas Region Chief Executive, AXA Group and others as required. Present results to external stakeholders including Regulators, Reinsurers, and external consultants who serve as Appointed Actuary for US entities.
• Quarterly Financial Reporting :
  
  Management of quarterly Reserving analysis for Property, Casualty, and Professional lines businesses across the North America Business Group:
  
  Ensure all reporting deliverables are met by the team through the Quarter End Process to allow for full consultation with the business and risk management to meet financial reporting requirements.
  
  Review and challenge of all reserving recommendations made by the Underwriting Unit Actuaries. Provide oversight, challenge and review to Americas region reserves recommended by Global Lines and International UWU actuaries. Support the Deputy Head Actuaries in their consultation with underwriters and management regarding experience in the quarter, implications for financial reporting and recommendation for areas of consideration through the valuation analysis.
  
  Present quarterly Americas Region booking results to the Americas Region Chief Executive and Americas Region Leadership Team, Risk Management, External Consultants, Reinsurers, Regulators, and other stakeholders as required. Prioritize and drive process efficiencies for continuous improvement across the function.
• Appointed Actuary :
  Responsible for the being the designated Appointed Actuary and forming the Signing Opinion for the US legal entities. This includes the Statements of Actuarial opinion, Actuarial Summaries and the final yearly Report to support the appointed actuary signing opinion. In addition to the US opinion, the Chief Actuary, Americas is also responsible for coordinating the Canadian signing opinion with our Consulting partner.
• Business Planning :
  
  The Actuarial Financial Reporting team is responsible for the base year loss ratios and roll-forward assumptions for the segment operating plan. This role will oversee and challenge analysis from both…