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Structuring and Analytics Lead

Employer
AXA XL
Location
Paris, France
Salary
Competitive
Closing date
Jul 13, 2024

View more

Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Ceded Re, Structuring and Analytics Lead

Paris, Hartford CT or New York NY

DISCOVER your opportunity

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 r responsible for the AXA XL reinsurance strategy definition and the design of the AXA XL ceded programs on our Casualty and Professional product areas, which is one of AXA XL's subject risks.

You will be accountable for the following:

Reinsurance Strategy

• Work with all AXA XL stakeholders and AXA Global Re (the AXA Group global centre 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 :

• (1) 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

• (2) Capture their feedback and refine the final reinsurance structure proposition

• (3) 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

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 desirable

• Proven Reinsurance knowledge and experience: at least 7-year 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

• Strong knowledge / expertise in a subject risk

• Able to demonstrate strong 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

• Strong 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 strong 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

Diversity & Inclusion

We know that a diverse workforce and inclusive culture enable business growth and are critical to our success. That's why we have made a strategic commitment to attracting and retaining the most diverse workforce possible, while creating a strong, inclusive culture where everyone is welcome and can contribute and reach their highest potential.

• Named to the Diversity Best Practices Index - 2017, 2018

• Signatory to the CEO Action for Diversity

• Signatory to the UK Women in Finance Charter

• Twelve Colleague Resource Groups around the Globe

• Robust support for Flexible Working Arrangements

• Enhanced family friendly leave benefits

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