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Actuarial Specialist at AXA XL, Gurugram – manage reserve valuations, financial reporting, and cross‑functional actuarial projects.
Apply now to join a dynamic team focused on P&C analytics, regulatory compliance, and innovative risk solutions.
Specialist, AFR
Gurgaon, India
We are seeking an actuarial specialist to join our team. The successful candidate will play a pivotal role in performing reserve valuations, and financial reporting. The candidate will also have the opportunity to be involved in multiple projects from time to time-related to global reserving, planning, P&C analytics and other actuarial projects. This role demands a good understanding of actuarial principles, excellent analytical skills, the ability to work collaboratively within a dynamic team and the flexibility to work on multiple projects at the same time.
What you’ll be DOING
What will your essential responsibilities include?
- Perform actuarial analysis for a line of business for quarterly/Half-year/annual valuations for the company’s reserves to ensure they are sufficient to meet future obligations.
- Ensure adherence to internal guidelines and processes in all the analysis and results.
- Utilize actuarial methods and models to analyze loss development patterns and estimate required reserves.
- Prepare detailed reserve reports and present findings to the line of business actuary on the claims experience, methods and assumptions used.
- Perform additional analysis in business specific issues considering latest market environment.
- Stay updated with changes in regulatory guidelines and ensure the company’s actuarial practices remain compliant.
- Provide actuarial support for various strategic initiatives as well as other actuarial team activities/tasks as needed.
- Conduct ad-hoc actuarial analyses as required by management or regulatory bodies.
- Participate in cross-functional projects and collaborate with other departments to achieve business objectives.
You will report to Reserving Actuary, AFR.
What you will BRING
We’re looking for someone who has these abilities and skills:
Required Skills and Abilities
- Bachelor’s degree in actuarial science, Mathematics, Statistics, or a related field.
- Relevant years of experience in an P&C insurance and/or actuarial consultancy is required.
- Minimum 8 to 9 actuarial exams from a recognized actuarial body.
- Relevant actuarial experience covering international market.
Desired Skills and Abilities
- Effective analytical and problem-solving skills.
- Excellent communication and presentation skills.
- Technical expertise in SQL, SAS, or VBA would be an added advantage.
- Ability to work resiliently and as part of a team.
Who WE are
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 at axaxl.com
Inclusion
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 enables business growth and is critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and 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 at axaxl.com/about-us/inclusion-and-diversity.
Total Rewards
AXA XL’s Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.
We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.
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 see axaxl.com/sustainability.
Equal Opportunity Employer
AXA XL is an Equal Opportunity Employer.