Property DUA Pricing Analyst

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. This is your opportunity to join AXIS Capital – a trusted global provider of property and casualty 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. General Description The AXIS Property Pricing Team is closely aligned to the divisional underwriting structure, providing embedded support to each of the underwriting units. The team provides analytical capability in pricing and exposure modelling in respect of all business written. This role will focus on working on the property facilities units; UK and Worldwide. AXIS writes worldwide (including Europe, North America, Africa, and Oceania) property facilities business on both syndicate and company paper. This role also offers the opportunity to get involved in many cross-divisional pricing initiatives and work alongside different areas of the business. AXIS will provide study support for the completion of actuarial examinations (if applicable) Essential duties and responsibilities The Property DUA Pricing Team within the Property Pricing Team at AXIS Insurance has responsibility for the following:

• Working closely with underwriters and senior actuaries to scope, build, develop, document and maintain rating models and methods; training and support around best practice model use.
• Developing referral criteria for actuarial review of pricing deals based on premiums, strategic importance and/or historic performance of individual deals.
• Providing actuarial pricing recommendations regarding risk selection, contract structure, coverage and pricing for individual deals.
• Collaborating with the senior actuaries and data & analytics teams to deliver on longer term goals relating to upgrading databases, dataflows and analytical output.
• Take ownership of data and related queries within the property facilities and driving improvements and efficiencies as appropriate.
• Monitor the quality and accuracy of rate monitoring data produced by rating models and/or transactional case pricing.
• Maintain detailed claims coding process of property facilities process to enable more accurate assessment of xCAT and CAT losses in performance measurement of accounts.
• Contribute to detailed product monitoring and segmental reviews within classes of business to objectively assess profitability; provide evidence-based conclusions and recommendations for strategic changes, underwriting actions and portfolio optimisation.
• Contribute to business planning process to derive CAT and xCAT loss picks for property facilities units to assess potential profitability of the portfolio in the coming year.
• Contribute to monitoring the execution of underwriting actions and strategy implementation; assessing the impact of these on the account’s profile and emerging claims experience.
• Maintain the feedback loop (control cycle) and provision of information and analysis between the pricing, reserving, capital modelling and business planning processes.
• Get involved in ad hoc queries and requests that arise on property units from Management, UWs, Reinsurance and Reserving Teams.

Required Skills Qualifications and experience

• Experience in a general insurance actuarial role; consultancy or company.
• London Market and pricing background highly desired.
• First class or 2:1 university degree
• Intention to qualify as a fellow of the Institute & Faculty of Actuaries or equivalent professional body; strong track record of progress in actuarial examinations to date.

Technical Skills

• Competent user of Excel, Word and PowerPoint. An advantage will be demonstration of skills and experience of: o programming - automation, database management and statistical packages (SQL, R, Python, VBA etc) o pricing model build and development
• Good understanding of the standard reserving and pricing methods used in the London Market for delegated authority business, how the London market operates and the key issues and trends.
• Thoroughness, attention to detail, and strong numeracy skills.
• Keen to further technical and market knowledge through own research and CPD/PPD.