Cyber Reinsurance Pricing Lead

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 any protected characteristic, including age, color, disability, ethnicity, gender identity, marital status, national origin, pregnancy, race, religion, sex, sexual orientation, veteran status, or any basis prohibited by the laws that govern its operations.

How does this role contribute to our collective success? The pricing team has responsibility for developing consistent, worldwide pricing and portfolio management practices across AXIS, and is primarily responsible for Pricing Models, New Business Development, Product Monitoring, Portfolio Management, Business Planning, and Price Monitoring. The pricing team interacts extensively with other functions including underwriting, reserving, risk management, capital modelling, and finance.

What will you do in this role?

• This role has direct responsibility for pricing and portfolio management of all Cyber Reinsurance business written across the globe through offices in US, London and Zurich.
• This role may include managing supporting pricing analysts during busier renewal periods. You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.

About You

We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.

What you need to have:

• At least 5 years’ experience in an actuarial role; strong preference for both reinsurance pricing experience and familiarity with the cyber line of business.
• Strong time management and organizational skills; ability to prioritize and complete work in an efficient manner during peak season.
• Fellow or Associate of a relevant actuarial organization.

What we prefer you to have:

• Excellent communication, organization and interpersonal skills; able to establish credibility with underwriters, clients, and management.
• Passion for pushing the boundaries of actuarial analysis and tools. Advanced knowledge of Reinsurance pricing structures and techniques.

Role Factors

In this role, you will typically be required to:

• Lead pricing across Cyber Reinsurance, with responsibility for new and renewal proportional and non-proportional reinsurance treaty pricing.
• Assist with portfolio management for Pricing across Cyber Reinsurance, with responsibility for rate monitoring, portfolio monitoring, and business planning.
• Maintain and make periodic improvements to pricing tools used in Cyber Reinsurance pricing that are aligned to broader AXIS standards, including developing and maintaining pricing parameters.
• Collaborate with Cyber Exposure Management on systemic pricing for treaties and at a portfolio level.
• Contribute to wider actuarial projects across AXIS Reinsurance as a member of the Pricing Team. For this position, we currently expect to offer a base salary in the range of $185,000-$225,000 (NY).

Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location. In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance. On top of this, you will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.

Where this role is based in the United States of America, this role is [Exempt/Non-Exempt] for FLSA purposes. This posting is for an existing vacancy.