Specialist, AFR (XLICSE Actuarial Governance & Solvency II)

AXA XL is an Equal Opportunity Employer. Specialist, AFR (XLICSE Actuarial Governance & Solvency II) Dublin, Ireland 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. XL Insurance Company SE (XLICSE) is a wholly owned subsidiary within AXA XL and provides the main insurance company platform for AXA XL within Europe and Asia, operating through an international network of branches, subsidiaries and third-party fronting partners. We currently have branches across Europe in writing insurance business. The role is for a Specialist AFR supporting the Head of XLICSE Actuarial Governance and Solvency II team for AXA XL division in the Actuarial Financial Reporting team in Dublin. The Actuarial Financial Reporting team in Dublin are a key part of the AFR teams who are based in London, Paris, the US and India. The candidate will be expected to work very closely with the AFR team and to build and maintain good working relationships with the wider team. The candidate will also be involved with the worldwide underwriting teams responsible for this business, as well as interactions with the respective Pricing actuaries, the Claims team, the Ceded Re team and the line of business Finance team. What you’ll be doing What will your essential responsibilities include? Management and delivery of all requirements of the Actuarial Function for XLICSE Ireland: Providing support in fulfilling the requirements of the Head of Actuarial Function as set out under CBI guidance and Solvency II regulations by providing oversight and insight on key actuarial matters including regulatory compliance, Reserving and Technical Provisions, Business Forecasting, Underwriting Opinion and Reinsurance Adequacy. Supporting the analysis and production of: The Actuarial Opinion & Report on Technical Provisions, The Actuarial Opinion on the ORSA, Annual Actuarial Function Report, The Underwriting Opinion, and The Reinsurance Opinion. Technical Provision Calculations: While the Solvency II Technical provisions engine sits with a team in the wider AXA XL AFR team, this role involves checking and reviewing the Solvency II assumptions for XLICSE as part of the quarterly Solvency II reporting process. This also involves dialogue as part of the annual audit process and peer review requirements. Business Planning: The AFR team is a key contributor to the development of the AXA XL division business plan each year. This role involves being part of a cross functional AFR team who ensure appropriate allocation of the base loss ratio for the AXA XL divisional plan to legal entity and branch. Branch support: Given the branch structure of XLICSE, this role involves producing bi-annual MI packs which explain the best estimate reserving experience year-to-date by branch. This involves discussions with the Reserving Actuaries so that accurate explanations are provided in these packs. It also involves presenting these results to Finance business partners in various branches and addressing any additional questions they may have. Special Projects: You may also become involved in ad-hoc and/or special projects that contribute to the ongoing improvement and development of the Actuarial Financial Reporting team. Your involvement could encompass developing processes or exhibits, as well as conducting focused investigations regarding new methodologies or assumptions that could impact the reserving analysis across all lines of business. You will report to the Head of XLICSE Actuarial Governance and Solvency II. What you’ll bring We’re looking for someone who has these abilities and skills: Actuarial Experience: The role requires a part-qualified Actuary, making progress to sit exams with a recognized actuarial professional body (e.g. IFoA, CAS etc.). It is likely that you will have had exposure to at least some of the aspects of the Head of Actuarial Function requirements, including Reserving, Solvency II, Capital and Reinsurance. Please note that the successful candidate will be supported through the remainder of their actuarial exams with a competitive study package. Planning & Organisation: An ability to manage multiple conflicting tasks and outputs. Has the ability 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. You will possess a track record which demonstrates the ability to ensure timely delivery, sometimes under pressure. 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. Robust Business Acumen: Able to translate actuarial output into business value, ensuring various customers, including legal entity boards, able to understand the practical implications of our analyses. Strategic Thinking and Tactical Implementation: Ability to invent, design and build solutions. Who we are 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 benefits 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. AXA XL is an Equal Opportunity Employer. Total Rewards AXA XL’s Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do. We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence. 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