Property and A&H Senior Reserving Actuarial Analyst

Axis - New York, NY

Full-time - Mid Level

New York, NY

Crop Production

About the position

The Property and A&H Senior Reserving Actuarial Analyst at AXIS Capital plays a crucial role in the actuarial reserving team, focusing on enhancing quarterly reserving analyses for both insurance and reinsurance business. This position acts as a key support to the Property and A&H Product Line lead, significantly impacting the quarterly reserving positions and annual profitability of the organization.

Responsibilities

• Take sole responsibility for certain classes of business within the Property and A&H team, including decision-making on analysis and senior management presentations.
• Provide analyses for quarterly reserving for the Property and A&H segments on both Underwriting Year (UY) basis and GAP basis, gross and net of reinsurance.
• Support the selection of initial expected loss ratios by evaluating trend and rate change experience, collaborating closely with pricing actuaries.
• Assist with projections for the subsequent year by conducting deep dive analyses.
• Perform actual versus expected analyses, explaining large movements during the quarter.
• Present quarterly underwriting year and accident year exhibits to divisional underwriting units.
• Lead meetings with other departments such as Claims, Finance, and Operations.
• Analyze reserve estimates for large catastrophe events in collaboration with the Claims team and Catastrophe coordinator.
• Participate in ad-hoc reserve and profitability studies on specific lines of business, analyzing underwriting and claim trends, shifts in business mix, and changes in limits or retentions.
• Partner with Property and A&H Pricing and Underwriting counterparts to provide insights and better understand results.
• Assist with the analysis of new business opportunities and expansion of current business as needed.
• Peer review work from more junior members of the team.

Requirements

• Bachelor's Degree in Maths, Accounting, Economics, Statistics, Business, Risk Management, or a similar field demonstrating quantitative analysis skills.
• Studying to become an actuary or Fully Qualified (FIA/ACAS/Other Actuarial bodies).
• Good PC skills and knowledge of Microsoft Excel, SQL, and ResQ.
• Ability to identify trends quickly and apply creative thinking to implement changes within the Reserving processes.
• Strong communication skills, able to adapt to different audiences.
• Ability to prioritize and organize work during busy Reserving periods.

Nice-to-haves

• Experience in A&H/Property reserving and/or pricing is preferable, but not essential.

Benefits

• Comprehensive medical plans for employees and their families.
• Health and wellness programs.
• Retirement plans.
• Tuition reimbursement.
• Paid annual leave.