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.
Job Description
Your role will be within the capital modelling team, focussing on the development, parameterisation, and validation of the AXIS Internal Model to guide decision making throughout AXIS. Your responsibilities will include updating and developing the internal model and reporting tools, developing parameterisation methodologies, updating model parameters, and carrying out validation tests and deep-dives into model performance.
Job Responsibilities
Model Development
• Maintain and develop the internal model system, encompassing the internal model and supporting tools for inputs, analysing outputs and creating reports
• Develop and implement new modelling methods
• Improve model performance in particular for run time and memory use
• Understand and communicate the limitations of modelling methodologies
• Undertake ad hoc investigations and developments where required
Parameterisation
• Develop parameterisation methodologies and build tools to implement them
• Update model parameters and understand and explain resulting movements
• Understand and communicate the limitations of parameterisation methodologies and the input data used for them
Validation and governance
• Carry out appropriate validation of model methods and parameters, to ensure that the model operates as intended, and also to enhance understanding of the model and guide future model developments
• Design tools and processes to ensure model governance polices are followed
Leadership and relationships
• Presenting and explaining results and decisions to various levels within the company
• Engagement with other teams and stakeholders to ensure timely delivery of results
• Providing advice and training to other members of the capital team
Required Qualifications and Experience:
• 1+ years’ experience, up to near-qualified actuary, ideally in an actuarial risk and capital modelling environment
Other Desired Skills & Characteristics:
• Highly computer literate, able to use spreadsheets, databases and learn the use of new systems
• Experience in using capital modelling software such as Tyche, Igloo or ReMetrica
• Tyche is preferred but not essential; more important is being willing and able to get under the hood of the capital model and develop a deep understanding of what is going on in there
• Additional coding experience is a plus
• Capable of developing and maintaining effective relationships at all levels
• Excellent communication skills, both oral and written
• Ability to plan effectively and organise and prioritise workload; strong attention to detail
• Ability to structure analyses and modelling coherently and clearly
Rewarding. Challenging. Meaningful.
We are shaping the direction of Insurance and Reinsurance during a critical and exciting time for the industry.
Whether you are a student approaching graduation or a seasoned professional looking for a new environment, AXIS has the right challenges and career opportunities for you. At AXIS, we value each individual and recognize that attracting and retaining the right people is essential to the success of our company.
We offer a comprehensive and competitive benefits package which includes medical plans for employees and their families, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.