PC Solvency Model Officer
PC Solvency Model Officer
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Job Description
The headquarters of the AXA Group is based in Paris and brings together the Groups corporate activities. It is distinguished by its strong international culture.
You will join:
- A responsible company towards people including its employees and customers and towards the planet
- 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.
The information provided by applicants will be treated as strictly confidential and used for recruitment purposes only.
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 Groups 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 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 Economic Capital 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&Coriented company with the P&C Group Economic Capitalincreasing from 7.1 billion to 10.7 billion now accounting for 40 of the total Group SCR. Key challenges include enhancing insights into the companys 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 profitability 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 Economic Capitalprocess team serves as a crucial coordination point among various stakeholders striving to maintain collaboration streamline information across processes and align departmental expectations within the Groups strategic framework.
KEY ACCOUNTABILITIES
P&C STEC calculation process:
o Organize the P&C Economic Capitalcalculation 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 Economic Capitalresults
o Manage the external audit and regulators reviews
o Develop the full set of documentation Economic Capitalprocess description technical documentation and validation and ORSA reports) and ensure it remains updated
IT :
o Organize the IT deliveries to ensure the P&C Economic Capitalcalculation process and the implementation of the model changes
o In coordination with AGO: set the appropriate timeline and validate the quality of the deliveries
Why AXA Every day we work together for human progress by protecting what matters. A mission that puts a smile on your face and makes you want to get up in the morning !
One of the worlds leading insurers in the protection of property people and assets AXA is 145000 employees and contributors who are committed to our customers on a daily basis 51 countries in which we distribute our products and services and more than 90 million customers who place their trust in us worldwide. As a responsible corporate citizen AXA is committed to social and environmental causes on a daily basis. We are committed to an inclusive policy that recognizes and values individual differences. Do these ambitions speak to you Then come and change the world with us !
Lets 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
Required Experience:
Unclear Seniority
Employment Type
Full-Time
