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Actuarial Analyst

Axis Capital
Actuarial Analyst
New York, US
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Job Description

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.

Actuarial Analyst

Actuarial Graduate Programme

Job Family: Actuarial

Job start date: January 2024

How does this role contribute to our collective success?

The Actuarial Graduate Programme is a three-year rotational programme committed to helping you grow throughout your career within the insurance industry. As a Graduate Actuarial Analyst, you will play a crucial role getting involved in front line actuarial work and developing an understanding of key actuarial techniques. While rotating through three actuarial departments, this programme will help you develop a core knowledge of actuarial concepts, fundamental analytical skills, and project management experience.

You will take on key roles in various projects and communicate with senior Actuaries. You will also engage proactively with other professionals and actuarial management to achieve desired business outcomes. Join us at Axis where you’ll have the opportunity to shape your actuarial career, learn, grow, and have fun in the process.

What will you do in this role?

Pricing Rotation [Insurance/Reinsurance]:

Data preparation, collection, and manipulation in spreadsheets

Assisting in insurance pricing and analysis

Work closely with underwriters to develop rating models and methods, communicating, and explaining the output from pricing tools

Conducting detailed reviews within classes of business to objectively assess profitability

Reserving Rotation:

Work with the reserving team on the quarterly reserving process

Analyse and investigate historical claims data

You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.

About You:

Excellent communication and interpersonal skills

Thoroughness and attention to detail

Ability to document work appropriately

Ability to work well in a team

Self-starter and a quick learner with strong numeracy skills

Willing to question and investigate

Strong data analytical skills

Interest in the insurance industry

What you need to have:

Bachelor’s degree in Actuarial Science, Math, Business, or any related field with a GPA of 3.0 or higher (US)

What we prefer you to have:

Experience within the insurance industry either academically or through prior internships

Familiarity with SQL, VBA, R, Microsoft Office is preferable

Role Factors:

You will be required to attend the office 3 days per week, or when required as per your manager

What we offer:

During these 3 years you will be eligible for the Actuarial Study Program which includes paid study leave for up to 120 hours per sitting, financial support for the cost of course materials and exam fees, and salary increases for passed exams. Additionally, you will be provided a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more.

For this position, we currently expect to offer a base salary in the range of $67,000 to $77,000 (NY). Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location. This role is Exempt for FLSA purposes.

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