Structuring and Analytics Lead - XL Group

Structuring and Analytics Lead

Hartford, CT I Stamford, CT I New York, NY I Exton, PA I USA

The Ceded Re Structure and Analytics team is core in developing the Ceded Re Program Strategy and providing analysis within the Ceded Re function and a broader set of interested Stakeholders across AXA XL.  In this role, you will be primarily responsible for the AXA XL reinsurance strategy definition and the design of the AXA XL ceded Property programs, which is one of AXA XL’s subject risks.

DISCOVER your opportunity

What will your essential responsibilities include?

Reinsurance Strategy

• Work with all AXA XL stakeholders and AXA Global Re (the AXA Group global center of competence for reinsurance) to define the placement strategy and assure the effective execution of the placement of the treaty program
• Contribute to the ceded guidelines for the placement by the business of Facultative (both elective and non-elective) reinsurance

Reinsurance Structure

• Lead the process to design the Ceded Re treaty program for AXA XL working with the Business, Risk Management and Finance to optimally meet the Division’s business needs and risk limits
• Lead & coordinate decision making process on reinsurance structure:
• • Represent Ceded Re function in the Business Unit’s Reinsurance Committees and in the Boards of the Legal Entities to share the options for the renewed reinsurance structure
  • Capture their feedback and refine the final reinsurance structure proposition
  • Submit the final reinsurance structure proposition to the AXA XL Reinsurance Committee for validation
• Define & recommend to Global CUOs options for the RI budget allocation
• Remain current on coverage and legal trends to ensure contracts protect the company from adverse or unexpected loss
• Work with AXA XL Risk Management to design ad hoc reinsurance structures (e.g., ADC, LPT, etc.) to manage the overall risk profile of AXA XL
• Support Treasury to design intra-group reinsurance structures to manage the risk profile and capital requirements of individual Division legal entities

Analytics

• Perform scenario modelling and actuarial studies on the existing AXA XL reinsurance structure to assess their relevance with the new reinsurance strategy
• Conduct on-going performance analysis of the current reinsurance structure and reporting outcomes
• Contribute to the elaboration of the “presentation packs” shared with the brokers & reinsurers with AXA XL & AGRe Placement officers
• Develop and enhance processes and metrics to support the analysis of ceded reinsurance transactions
• Contribute to internal thought leadership relating to evolving approaches towards capital allocation and optimization from perspective of cedant (AXA Group, AXA XL)
• Engage in ongoing research and analysis to derive proprietary insights and conclusions relating to peer group performance and identification of relative value opportunities in market

Collaboration with internal and external stakeholders

• Guarantee adequate collaboration with AXA XL underwriters, actuaries, operations, claims and finance team members for data gathering, processing, pricing and risk analysis
• Liaise & collaborate on an on-going basis with other Ceded Re teams (placement, operations) and AXA XL/AXA Group stakeholders
• Ensure an adequate understanding of the Ceded program by key stakeholders, notably: AXA Group, AXA XL Board, Regulators, AXA XL management, underwriting community
• At the request of the Ceded Re/AGRe placement officers, interact with reinsurers & brokers to address any specific request
• Provide opinions on the reinsurance contract’s terms and conditions

You will report to Head of Structuring and Analytics – Ceded Re.

SHARE your talent

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

Experience:

• Advanced university degree in Insurance, Actuarial, Finance, Legal, Mathematics, Economics, Sciences or Engineering preferred.
• Proven Reinsurance knowledge and experience in insurance or reinsurance
• Proven experience in evaluating, structuring, pricing portfolio finance / stop loss facilities

Techniques:

• Very good understanding of insurance and reinsurance techniques, products and markets, Actuarial/Risk Assessment/Financial Techniques
• Robust knowledge / expertise in a subject risk 
• Able to demonstrate robust data and analytical skills and the ability to manage large submission data sets, an above-average level of quantitative skills using complex data and information
• Experience with one or more relevant data analysis tools, e.g. SQL Server, Matlab, R, etc.
• Expertise with different insurance models and RMS and AIR vendor models for Property CAT, ideally including multi-model calibration and implementation in a traditional reinsurer and/or ILS fund context
• Some progress towards the completion of an actuarial or CFA qualification
• Advanced proficiency in MS Office: Access, Word, Excel and Power Point

Languages:Fluent English

Behaviors:

• Analytical skills
• Rigor and ability to identify and summarize the main issues in a clear and simple language
• Ability to communicate and forge constructive relations across the various entities of the Group as well as senior internal stakeholders
• Ability to work independently as well as in teams and in an international and multicultural environment
• Excellent negotiation skills
• Mental Agility: Innovative thinker, willing to turn ideas on their head. Capable of handling complex situations
• Self-starter, demonstrates an entrepreneurial approach

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 USD 115,500 – 180,500. 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).