AXA XL
Website:
axaxl.com
Job details:
AXA XL is an Equal Opportunity Employer.
Analyst, CAT Modelling
Bengalulru, Karnataka, India
To provide CAT modelling support to global stakeholders using analytical models developed by external providers to calculate losses pertaining to natural and man-made perils
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What You’ll Be DOING
What will your essential responsibilities include?
- Learning Catastrophe (CAT) Modeling guidelines and ensuring adherence to them while processing accounts.
- Getting detailed know-how on the specific lines of business written at AXA XL in order to understand the tasks you perform.
- Undertaking the processing of various pre and post bind risk modeling tasks via usage of the appropriate application with adherence to the set accuracy, timeliness and productivity goals. The choice of application will vary depending on the product.
- Analysing the bound package terms/conditions and translating them into the modeling application. Gathering and preparing exposure data to input into the model.
- Would be required to understand/ apply the conceptual knowledge of various insurance terminologies like Ground Up Loss, Gross Loss, Client Loss, Occurrence Exceedance Probability, Loss ratio, AAL (Average Annual Loss),etc. while handling risk modeling requests and would in turn be required to respond back to the branch for queries regarding any variations on year-to-year basis. Might be required to interpret modelling results as well.
- Support underwriting with Pricing decisions, thereby learning and correctly capturing the data in Pricing Tool, as and when applicable.
- Communicating with Underwriters and ERM to help resolve queries.
- Using workflow and time-tracking tools to ensure proper work organisation and reporting.
- Constantly challenging existing processes and looking for improvement opportunities. Participating in internal projects/common initiatives together with ERM.
You will report to Assistant Manager.
What You Will BRING
We’re looking for someone who has these abilities and skills:
Required Skills And Abilities
- MBA in Insurance.
- PG Diploma in General Insurance.
- Advanced Diploma in Insurance.
- Associate in Insurance.
- CERT CII.
Desired Skills And Abilities
- Graduate in any discipline, preferably in Mathematics, Finance, Economics or Accounting.
- Relevant years of experience in a corporate environment.
- Good MS Excel (vlookups, pivot tables, formulas). Knowledge of VBA will be an asset.
- Sound numerical ability and analytical mindset, inquisitive mind.
- Ability to work with large amount of data, complex instructions and multiple exceptions.
- Good organization skills and excellent attention to detail.
- Good people skills, communicative and open to new challenges.
- Fluent English (+other language if required).
Who WE Are
AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.
How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Learn more at axaxl.com
What We OFFER
Inclusion
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture and enables business growth and is critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential.
It’s about helping one another — and our business — to move forward and succeed.
- Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.
- Robust support for Flexible Working Arrangements
- Enhanced family-friendly leave benefits
- Named to the Diversity Best Practices Index
- Signatory to the UK Women in Finance Charter
Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.
Total Rewards
AXA XL’s Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.
We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.
Sustainability
At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
Our Pillars
- Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
- Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
- Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
- AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.
For more information, please see axaxl.com/sustainability.
Click on Apply to know more.
