P&C STEC Process Officer

Permanent contract
Paris
Salary: Not specified
A few days at home
Experience: > 5 years
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AXA
AXA

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Questions and answers about the job

The position

Job description

Notre métier, protéger les personnes, les biens et les actifs. Notre raison d’être, agir pour le progrès humain en protégeant ce qui compte.Cela vous parle ? Alors venez rejoindre 149 000 futurs collègues qui s’engagent au quotidien auprès de nos 95 millions de clients dans 50 pays à travers le monde. 

Votre environnement de travail

Le siège social du Groupe AXA (GIE AXA) regroupe nos activités corporate. Il assure le pilotage et le support des filiales dans le monde, afin de garantir notamment la coordination et le suivi de la stratégie globale d’AXA, l’application de ses standards, la cohérence des approches commerciales, et le partage des meilleures pratiques. 

Le siège est composé d’environ 1000 employés et se distingue par sa forte culture internationale (45 nationalités), ce qui en fait un espace de travail riche et stimulant.

C’est autour de la diversité et de l’unité que se construit AXA, c’est pourquoi nous nous engageons à promouvoir le succès collectif par l’inclusion.

Within the Group, you will join the Group Risk Management department. Within this department, you will be part of the P&C Internal model team.

JOB PURPOSE

Your job and daily missions:

Lead P&C Short Term Economic Capital (STEC) process under Solvency II framework:

o   Establish the risk assessment framework to be followed by the entities

o   Monitor the delivery of the IT tools to be used by the entities

o   Control, validate and consolidate the P&C STEC results communicated to the top management

o   Ensure the approval of the internal model evolutions.

Context and Major Challenges: 

Following the acquisition of XL Group, AXA has transformed into a major P&C-oriented company, with the P&C Group STEC increasing from €7.1 billion to €10.7 billion, now accounting for 40% of the total Group SCR. Key challenges include enhancing insights into the company’s risk profile to aid management in balancing risk and return, developing and maintaining risk calibration for internal models, and communicating effectively with top management.

The P&C ECR metric is vital for aligning risk management, finance, and underwriting departments. The main focus is to unify perspectives across departments, guiding management on underwriting strategies and identifying growth areas.

Additionally, the P&C STEC process team serves as a crucial coordination point among various stakeholders, striving to maintain collaboration, streamline information across processes, and align departmental expectations within the Group's strategic framework.

 

KEY ACCOUNTABILITIES

P&C STEC calculation process:

o   Organize the P&C STEC calculation process, set the appropriate timeline and instructions. Ensure the compliance of the model changes with the S2 governance.

o   Develop and manage a control and validation process of operational entities’ results to ensure homogeneous application of Group instructions

o   Control, validate, analyze, consolidate, and report to the management the P&C STEC results

o   Manage the external audit and regulators reviews

o   Develop the full set of documentation (STEC process description, technical documentation, and validation and ORSA reports) and ensure it remains updated

IT :

o   Organize the IT deliveries to ensure the P&C STEC calculation process and the implementation of the model changes

o   In coordination with AGO: set the appropriate timeline and validate the quality of the deliveries

 

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.


Preferred experience

Let’s talk about you:

MAIN COMPETENCIES AND EXPERIENCES

Technical and Professional skills:

o        Around 5 years experience in P&C actuarial/finance fields

o        Strong knowledge of the Solvency II Directive

o        Strong knowledge of the P&C Business

o        Knowledge on IT project management and R/Python/Remetrica

Soft skills:

o        Proficiency in English is mandatory 

o        Strong leadership and organizational skills

o        Strong communication skills

 

 

 

 

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