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Your work environment

The headquarters of the AXA Group (GIE AXA) brings together our corporate activities. It provides guidance and support to subsidiaries around the world, to ensure the coordination and monitoring of the Group's global strategy, the application of its standards, the consistency of commercial approaches and the sharing of best practices. The headquarters gathers approximately 1000 employees and is distinguished by its strong international culture (45 nationalities), which makes it a rich and stimulating place to work.

Job Purpose

The Group L&H Actuarial team is part of the Group Finance/ Group Performance Management department, and has the following missions:

• Support the Group and its entities in setting, monitoring, and delivering ambitious financial performance to be achieved through sustainable levers and adequate actuarial practices.
• Fullfill the regulatory role of the Actuarial Function, i.e., to provide an opinion on reserving, underwriting and reinsurance.

The senior L&H Actuary contributes to those missions and participates in building a transversal view on actuarial topics of a given geography while facilitating the relationship/exchanges with entities and the other Group teams.

Key accountabilities

Performance

• Work with the Controlling team on the forecasting financial processes (budget/ strategic plan/ MBR) to (i) set/track the ambitions, (ii) understand the underlying business growth and profitability/cash in IFRS17/Solvency 2 (e.g., new business CSM and payback period, Earnings, Return on Equity), and (iii) define the required actions/steer the business (e.g., repricing, business mix change, credited rate management, reinsurance). To do so, the Group L&H Actuarial team is notably in charge of:
  • (i) Defining methodology/profitability metrics, (ii) gathering figures from entities (notably through an annual database with volume/ profitability/ capital consumptions metrics at product level) and (iii) analyzing business profitability and its evolution.
  • Setting and monitoring our business ambitions, be it in Health & Protection or in Savings, to grow on selected business in a sustainable and profitable way.
  • Developing tools to detect deviations in Actual to Expected which can affect reserves and earnings (e.g., on lapses), and to propose remediation actions considering IFRS17/Solvency 2 impacts.
  • Producing the IFRS17 CSM roll-forward and analysis.
• Perform specific deep dive analysis for the top management (e.g., analysis of product profitability or distribution network performance, definition/evolution of technical performance indicators, capital consumption of new business or specific line of business).

Regulatory role

• Provide an opinion (i) on the overall underwriting policy, (ii) on the adequacy of reinsurance arrangement, and (iii) coordinate the calculation of the technical provisions, ensure the appropriateness of underlying models and methodologies, assess sufficiency and quality of data, compare Best Estimates against experience. To do so, the Group L&H Actuarial team:
  • Coordinates the process gathering the local entities’ 1st and 2nd opinions on reserves.
  • Contributes to the “In-Depth Reviews”, based on mandate from the top management, to review the most material/sensitive Best Estimate Assumptions in both S2 and IFRS17 of 2 to 3 local entities per year. More precisely, the team (i) organize on-site missions with local stakeholders (e.g., actuarial, finance, risk), (ii) provide an independent opinion, recommendations, key perspectives and insights to the top management.
  • Provides its opinion to the Board through (i) the annual Group Actuarial Report, and (ii) 2 opinions on reserves/assumptions.
  • Contributes to the continuous improvement of the Best Estimate Assumptions setting framework (e.g., monitoring of A/Es and identification of deviations, process and methodologies for BEA change, anticipation of S2 and IFRS17 impacts).
  • Represents the Finance department as part of the “Group Underwriting Committee” for material business tenders (with a veto right).

Transversal view on a given geography

• Provide a transversal view on actuarial topics of a given geography while facilitating the relationship/exchanges with entities, and with the other Group teams.

 Actuarial Community 

• Participate actively to the community of Chief Actuaries.
• Boost collaborative model across Actuarial and Financial families. 
• Foster innovation and continue to build strong partnerships with Academics and AXA Research Fund.
• Contribute to Institutes of Actuaries events (e.g., working groups on Best Estimate, on mortality tables, on IFRS17).  

Vous rejoignez une entreprise :

-    Responsable, vis-à-vis des personnes, y compris ses employés et ses clients, et de la planète. -    Aux valeurs fortes-    Qui encourage la mobilité interne, et la formation de ses employés-    Qui vous offre de nombreux avantages (en savoir plus ici : Reward & Benefits - french | AXA Group)-    Flexible, qui permet le travail hybride, au bureau et à la maison.

Les informations fournies par les candidat(e)s seront traitées de manière strictement confidentielle et utilisées uniquement à des fins de recrutement.

• Strong technical skills (actuarial modeling, coding, data) with business acumen, and ability to work in a collaborative/project mode to deliver a concrete business output.
• Ability to effectively convey complex issues into clear and easy-to-understand oral or written presentations in English.
• Ability to communicate effectively to a diverse range of stakeholders.
• Reactiveness, smooth and strong exchanges with entities.
• Capacity to deal with a wide diversity of situations, to build meaningful overviews as well as performing deep dives on technical matters.
• Background: Actuary, Financial Engineer, Data Scientist, PhD – with 8-12 years’ experience minimum.
• Language: English