ABOUT AXA
Whatever their stage of life, we provide over 108 million customers with the products and services they need to progress. From insurance to personal protection, and savings to wealth management, no matter the need we’re always there for them. And we’re always there for our employees. In 50 countries, we work hard to inspire pride and a sense of belonging in our people. To provide opportunities that challenge them, inspire them, and reward them. And to create a culture that’s open, supportive, and empowering. Because we know that’s the real secret to success – and the best way for us to keep building a better world for both our customers and the talented people who put them first.
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.
Within the Group, you will join the Group Chief Underwriting Office as Portfolio Management Actuary.
Your job and daily missions:
Context & Major Challenges
The newly created Global Chief Underwriting Office will be accountable for establishing, enabling, and driving profit and growth through Product Underwriting Strategy, Portfolio Design and Technical Underwriting Excellence in partnership with the AXA Entities, for both Commercial and Retail, through:
- Portfolio Design Steering
- Underwriting Product Strategy and Profitability Measurement
- Technical Underwriting Guidance
- Pricing Models, Platforms and Analytics
- Risk Appetite deployment
- Ceded Reinsurance strategy design and purchasing
As part of the Global Chief Underwriting Office you will be an integral part of the Portfolio Management Process team, partnering directly with pricing, underwriting and executive management as we look to develop and deliver our strategic objectives. Building and implementing Portfolio Management Process across the organization is a strategic priority for AXA. By joining the PMP team, you will have the opportunity to understand how a strategic initiative is built and implemented in a global organization since its very beginning. It is a great opportunity for actuaries who have a solid technical background to be exposed to project management, stakeholders’ management, and change management.
Key Accountabilities
- Act as a key contributor to embed a common Portfolio Management Process (PMP) across AXA to drive technical excellence and purposeful portfolio creation through product strategy and pricing performance KPIs
- Collaborate across functions to execute on the PMP "North Star" incorporating Cycle Management and engage across all entities introducing the concept
- Collaborate across functions to define both key Metrics that will drive the Optimization Process and monitoring metrics to incorporate into the PMP Reporting
- For Pricing Metrics, detailing clear definitions with examples to drive consistency across all entities
- Identify the PMP components that exist in entities today and where there are material gaps in order to develop a short term (Tactical) PMP roadmap
- Develop and share existing standard templates to support the full PMP process in the short term
- Work closely with Group Underwriting, Group Tech, Data and Operations and the Entities to develop and implement Portfolio Management capabilities globally including the development of market-leading business intelligence and portfolio management dashboards to support data driven decision making
- Set new minimum PMP standards for entities to achieve on an annual basis
- Partner with Group Risk Management to support entities in granular allocation of capital components at sub portfolio/account level
Dimensions
Global scope: full remit (across all businesses & geographies).
Stakeholders:
CFOs, Head of Reserving and Head of Pricing within the entities
KPIs for Success:
- Measure of the partnership with the entities
- Direct influence on the strategy, portfolio development and technical performance of the entities
- Deliver on building the analytic and technology culture of the entire organization
- Carry the strategic plan
Let’s talk about you:
Main competencies and experience
Competencies
- Boundaryless leadership and Strategic acumen: develop shared outcomes and measures, to improve clarity of decision making and leveraging data to make decisions.
- Influence and stakeholder Management within matrixed complex and international set up while establishing partnerships.
- Change Leader builds strong partnerships and effectively influence stakeholders; clearly communicates and drives alignments on shared outcomes; extreme ownership on outcomes with strategic and operational rigor.
- Proven experience within insurance pricing and with core actuarial concepts.
- Life and Health background preferred.
- Strong technical aptitude with experience programming in Python/R, PowerBI and SQL.
- Strong ability to work in a team. Strong communication skills and the ability to interface with teams having varying backgrounds/skillsets (Tech, Data, Operations, Actuarial, UW)
- Committed, self-organized, with a strong attention to detail
Behaviours
- Self-aware
- Collaborative
- Builds trust
- Good listening skills to build consensus
- Comfortable with ambiguity
- Flexible & willing to say ‘I don’t know, let me find the answer’
- Humble enough to listen to others who have the expertise and build relationships
- Strong Relationship builder
- Change agent
- Culturally sensitive to difference
- Patience & the ability to take time to learn
Experience
- Fully Certified Actuary preferred
- Proven Portfolio Management experience
- Ability to directly influence strategy and portfolio management, as well as setting the technical culture.
- Proven experience interacting with Senior leaders and evolving in matrixed environments.
- Experience in driving change and building relationships.
- Proven experience in multicultural and multifaced, geographically spread teams.
Language
Fluent English
Decision bodies & Committees
Group Audit Risk Compliance Committee
What we offer
You will join:
- A company with an inclusive culture and a diverse workforce, committed to attract, develop, advance, and retain the most diverse talents, while creating an inclusive culture where everyone can bring their full selves to work and can reach their highest potential.
- A company with strong values
- A company promoting internal mobility and the training of its employees
- A company offering many benefits (learn more here: Reward & Benefits | AXA Group)A flexible company, allowing hybrid work, in the office and from home
- A responsible company, towards people, including its employees and customers, and towards the planet
The information provided by applicants will be treated as strictly confidential and used for recruitment purposes only.
