Senior Actuarial Specialist Gurgaon, Haryana, India We invent the new to help the world move forward. Combining powerful analytics and deeper insights with bigger ideas and innovative solutions, we free up our clients' potential, thereby fulfilling our own. Take it seriously. Make it fun. Know it matters. DISCOVERyour opportunity What will your essential responsibilities include . Candidate is expected to work on multiple analytics projects for P&C insurance related to Reserving/ Valuation/ Claim Analysis and other Actuarial Projects for the team. . Review and challenge quarterly calculations of Solvency II Technical Provisions, Economic Balance Sheets and Solvency Capital Requirements . . Coordinate and review the process for calculating technical provisions to support BMA reporting requirements in respect of AXA XL Re for the reinsurance segment. . Working on actuarial input (technical provisions) for BMA regulatory reporting. . Technical provisions and capital projections into the future. . Support the preparation of the annual actuarial opinion on Technical Provisions to the BMA and CBI. . Annual Actuarial Report on Technical Provisions to the Board. . The opinion on the underwriting policy and adequacy of reinsurance arrangements, having regard to the entity's articulated risk appetite and Board-approval of business plans. . Understanding of Solvency II directives and its implications on Technical Provision and Reserve Risk assessment. . Input into the review and challenge process of legal entity business plans to ensure regulatory plans are the best estimate representation of the business expected to be written. . Production of reporting materials every quarter to support Board, Underwriting & Risk Committee, Reserving & Claims Committee meetings and related reporting requirements. . Supporting the formulation of responses to ad-hoc/out-of-cycle Board and/or CBI requests as well as horizon scanning to help identify emerging regulatory issues. . Analyze and apply technical information to practical situations and assess opportunities for improvement. ` You will report to the Senior Actuarial Lead, Corporate Actuarial. SHARE your talent We're looking for someone who has these abilities and skills: Required Skills and Abilities: . Minimum prior working experience in an insurance and/or actuarial consultancy is required. . Effective analytical and modelling capabilities with research and problem-solving skills. . Ability to handle multiple priorities and tight deadlines and be responsible for priorities and deadlines for others. . Develop and use collaborative relationships to facilitate the accomplishment of work goals. . Ability to work with minimum supervision and problem-solving ability. Desired Skills and Abilities: . Experience in statistical analysis software or predictive modelling will be an added advantage. . Ability to work resiliently or as part of a team. . Ability to review the work of others for accuracy and completeness. . Innovative and result-orientated. . Technical expertise in SQL, SAS or VBA would be an added advantage. FIND your future AXA XL, the P&C and speciality 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 speciality. With an innovative and flexible approach to risk solutions, we partner with those who move the world forward. Learn more at Inclusion & Diversity 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 a diverse workforce enable business growth and are critical to our success. That's why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and reach their highest potential. 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 . AXA XL is an Equal Opportunity Employer. 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 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.
