Head of Pricing - Primary - XL Group

Head of Pricing, Primary Casualty

Exton, PA | USA

As the Head of Pricing, Primary Casualty at AXA XL, you will play a critical role in shaping and executing the pricing strategy for our Primary Casualty portfolio. You will lead efforts to develop innovative and competitive pricing models that drive profitability while supporting our growth objectives in the market. Collaborating closely with underwriters, actuaries, and senior leadership, you will ensure pricing discipline, optimize risk selection, and contribute to AXA XL's continued success as a leader in the insurance industry. This role offers a unique opportunity to influence key business decisions and enhance our presence in the Primary Casualty sector.

DISCOVER your opportunity

What will youressential responsibilities include?

·        Ensure that all core primary product lines (GL, Auto, and WC) for USRM, Group Captives, Construction, MNC,Canada, and E&S have market leading, technical pricing and portfolio management capabilities and be responsible for the delivery of those capabilities. 

·        Support pricing consistency in primary product lines (GL, Auto, and WC) across all business units.

·        Provide decision making guidance throughout the entire underwriting process, through the use of advanced analytics, to drive superior business performance

·        Develop and leverage product pricing methodologies (aligned to global strategies and methodologies) including pricing algorithms, pricing parameters, pricing change impact analysis, and advanced pricing techniques.  Support development, testing and calibration of Pricing tools, alongside Models team.

·        Micro portfolio management activities including selection of base loss ratio for business planning, profitability studies & deep dives, dashboard maintenance, and post-event loss evaluations

·        Conduct deal specific pricing, collateral requirements, captive/scheme/program pricing, and risk transfer testing

·        Engage closely with CUO, Underwriting, Reserving, Claims, to improve pricing accuracy

·        Ensure compliance with Pricing Model Standards, maintain required technical pricing documentation, and enforce pricing model governance

·        Support reinsurance purchasing with data and analysis.  Provide guidance on net calculations for planning, limits reporting, reserving, etc.

·        Develop and motivate a high performing, diverse team, who are engaged in support of Pricing and Enterprise goals

You will report to Head of Pricing, Global Casualty.

SHARE your talent

We’re looking for someone who has these abilities and skills:

·        Recommend extensive experience of non-life insurance pricing

·        Qualification level – Qualified

·        Outstanding Influencing and Negotiating Skills

·        Bachelor’s degree in actuarial science, Mathematics, Applied Math, Statistics, or related field.

·        Leadership skills to work collaboratively with colleagues to build consensus.

·       Demonstrated experience managing, motivating, and leading a team of credentialed and non-credentialed actuaries across multi locations/territories

·        Outstanding verbal communications skills to gain buy-in to communicate clearly and concisely with internal and external clients.

·        Excellent written communication skills

·        Outstanding ability to think strategically

FIND your future

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 ataxaxl.com

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 can 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 ataxaxl.com/about-us/inclusion-and-diversity.  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 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 seeSustainability at AXA XL.

The U.S. pay range for this position is $175,000- $250,000.  Actual pay will be determined based upon the individual’s skills, experience, and location. We strive for market alignment and internal equity with our colleagues’ pay.

At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits.  We also believe in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers.  For more details about AXA XL’s benefits offerings, please visitUS-Benefits-at-a-Glance_2023_US.pdf (myaxaxlbenefits.com).