Pricing Actuary, North America E&O

Company: Axis Capital
Location: Princeton
Posted on: March 9, 2025

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.Pricing Actuary, NA E&OProfessional Lines PricingActuarialHow does this role contribute to our collective success?As a pricing actuary for the AXIS North American E&O units, this individual will support the Professional Lines book, with a focus on Allied Health. They will proactively engage with Reserving, Risk Management, Finance, Claims and Data & Analytics colleagues to achieve desired business outcomes and implement business strategies.What will you do in this role?

• Lead monthly and quarterly reporting processes, including renewal rate monitoring
• Work closely with underwriters and wider pricing team to scope, build, develop, document and maintain rating models
• Lead portfolio monitoring analyses, work closely with underwriters to identify issues, discuss opportunities, assist in the development of action plans and monitor the impact on the book of business
• Support selection of loss ratios in the financial plan, with consideration of business strategies, market conditions, mix of business, loss trend, loss costs and reinsurance structures
• Establish and maintain tracking and monitoring processes to identify and communicate key insight emergence
• Monitor the execution of underwriting actions and strategy implementation
• Maintain the feedback loop of information and analyses between pricing, reserving, claims, capital modelling and business planning
• Support the Underwriting team with AdHoc requests including (but not limited to) account pricing, rating model support, KPI summaries, etcAbout 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 a pricing actuarial role, E&O background highly desired
  • Associate of the Casualty Actuarial Society, or other relevant actuarial organization
  • SQL and Excel expertise
  • Collaborative and able to build relationships with underwriters, actuaries and other colleagues
  • Able to communicate technical concepts to a non-technical audience
  • Growth mind-set with a desire to seek diverse thought, learn from others and share knowledgeWhat we prefer you to have:
    • Ability to manipulate complex datasets using tools such as VBA, SQL, R, or Python.
    • Experience building pricing models
    • Experience leading projectsRole Factors:
      • Occasional travel for businessWhat we offer:For this position, we currently expect to offer a base salary of $150,000 to $180,000 (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 performance and your 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.

Keywords: Axis Capital, Trenton , Pricing Actuary, North America E&O, Accounting, Auditing , Princeton, New Jersey