P&C Solvency Model Officer (M/F)
P&C Solvency Model Officer (M/F)
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Job Description
YOUR ROLE AND RESPONSABILITIES
- Within the Groupyou will join theGroup Risk Management department.Within this departmentyou will be part of the P&C Internal model team.
Lead P&C Economic Capital process under Solvency II framework:
oEstablish the risk assessment framework to be followed by the entities
oMonitor the delivery of the IT tools to be used by the entities
oControl validate and consolidate the P&C STEC results communicated to the top management
oEnsure the approval of the internal model evolutions.
Context and Major Challenges:
Following the acquisition of XL Group AXA has transformed into a major P&C-oriented company with the P&C GroupEconomic 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&CEconomic 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:
oOrganize the P&CEconomic Capitalcalculation process set the appropriate timeline and instructions. Ensure the compliance of the model changes with the S2 governance.
oDevelop and manage a control and validation process of operational entities results to ensure homogeneous application of Group instructions
oControl validate analyze consolidate and report to the management the P&CEconomic Capitalresults
oManage the external audit and regulators reviews
oDevelop the full set of documentation (Economic Capitalprocess description technical documentation and validation and ORSA reports) and ensure it remains updated
IT :
oOrganize the IT deliveries to ensure the P&CEconomic Capitalcalculation process and the implementation of the model changes
oIn coordination with AGO: set the appropriate timeline and validate the quality of the deliveries
YOUR PROFILE
Lets talk about you:
MAIN COMPETENCIES AND EXPERIENCES
Technical and Professional skills:
o Around5 years experience in P&C actuarial/finance fields
oStrong knowledge of the Solvency II Directive
oStrong knowledge of the P&C Business
o Knowledge on IT project management and R/Python/Remetrica
Soft skills:
o Proficiency inEnglish is mandatory
oStrong leadership and organizational skills
oStrong communication skills
WHY JOIN US
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.
In line with our commitments we celebrate each new hire by taking action for global reforestation: we plant a tree for every recruitment. So are you ready to apply
YOUR WORK ENVIRONMENT
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!
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.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
