Lloyds Reporting Actuary

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 any protected characteristic, including age, color, disability, ethnicity, gender identity, marital status, national origin, pregnancy, race, religion, sex, sexual orientation, veteran status, or any basis prohibited by the laws that govern its operations.

Job Description: Axis Lloyd's Reporting Actuary

How does this role contribute to our collective success?

AXIS Managing Agency is a top 10 player in the Lloyd’s market. It is also the largest platform for writing business within the AXIS Group.

This position involves supporting and coordinating the actuarial regulatory requirements for the Lloyd’s syndicates within the AXIS Group. This role supports the team’s broader goal of protecting the strong relationships with the regulator and ensuring AXIS can collectively meet its growth initiatives in a capital efficient manner.

A key part of the role will be delivering data-driven insights and developing comprehensive reports and presentations ensuring regulatory compliance and enhancing decision-making processes.

This is a role within a large organisation providing the right candidate the opportunity to develop and grow.

What will you do in this role?

KEY DUTIES & RESPONSIBILITIES:
 

• Day to day management of ensuring all regulatory requirements and filings are made for the Lloyd’s syndicate and / or the PRA.

• Peer review of assumptions and projections from a legal entity perspective.

• Manage the calculation of the technical provisions and standard formula for Solvency II and other regulatory reserving bases including UK GAAP.

• Work closely with the capital modelling team on production of the bi-annual capital submissions to Lloyd’s

• Work with pricing and FP&A to produce the Lloyd’s SBF submission ensuring the assumptions made are consistent with those being used elsewhere in the Group.

• Liaise with external consultants in coordinating the provision of actuarial opinions and reports.

• Assist in the main GAAP reserving exercise and other related projects where required.

• Assist in communicating results to the Syndicate Executive Committee and Board

• Support the capabilities and operation of the Syndicate Actuarial Function including identifying where enhancements and efficiencies can be deployed particularly around data, calculation and reporting processes.

You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.

About You:

We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.
 

What you need to have:

A person in this position should meet the following requirements:

• Bachelor’s degree or equivalent experience.

• Industry experience ideally with a Lloyd’s background in reserving, capital, or
  modelling roles.

• Qualified/near qualified as a Fellow of the Institute and Faculty of Actuaries, or
  equivalent.

What we prefer you to have:

• Strong communication and interpersonal skills.

• Self-starter, proactive and prepared to operate autonomously.

• Ability to develop, recommend and implement new approaches.

• Excellent organizational skills and a strong attention to detail

• Intermediate to advanced Excel, SQL Server, VBA capabilities; additional experience with ResQ, PowerBI, and/or Oracle or similar applications is a plus but not essential if there is a willingness to learn.

• Ability to work occasional extended hours as required.

Role Factors:

In this role, you will be required to be in the office 3 days per week.
 

What we offer:

You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more.

This posting is for an existing vacancy.