Life & Savings Pricing Actuary/Data Scientist

Life & Savings Pricing Actuary/Data Scientist (24000AGU)

Primary Location

: FRANCE-75-PARIS

Organization

: GIE AXA

Contract Type

: Regular

Shift

: Day Job

Schedule

: Full-time 

Description

ABOUT AXA:

Whatever their stage of life, we provide over 108 million customers with the products and services they need to progress. From insurance to personal protection, and savings to wealth management, no matter the need we’re always there for them. And we’re always there for our employees. In 50 countries, we work hard to inspire pride and a sense of belonging in our people. To provide opportunities that challenge them, inspire them, and reward them. And to create a culture that’s open, supportive, and empowering. Because we know that’s the real secret to success – and the best way for us to keep building a better world for both our customers and the talented people who put them first.

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 Group’s 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.

Your job and daily missions:

Context & Team objectives

The newly created Global Chief Underwriting & Pricing Office (GUO) will be accountable for establishing, enabling, and driving profit and growth through Product Underwriting Strategy, Portfolio Design and Technical Underwriting Excellence in partnership with the AXA Entities, for both Commercial and Retail, through:

• Portfolio Design Steering
• Underwriting and Product Strategy
• Technical Underwriting Guidance
• Pricing Models, Platforms and Analytics
• Risk Appetite deployment
• Ceded Reinsurance strategy design and purchasing

As part of the Group Chief Underwriting & Pricing Office you will join the Life & Savings Pricing Team as Life & Savings Pricing Actuary/Data Scientist. You will join a team that ensures Market Leading Technical Pricing in Individual Life & Savings Products (Protection and Savings).

Key Accountabilities

• Ensure Market Leading Technical Pricing in Individual Life & Savings products (individual protection and individual Savings)
• For Individual Life & Savings Products, participate to Pricing Technical Reviews and execute a thorough review on Pricing Strategy, Adequacy, Governance, Tools, etc.
• Support Portfolio Management Processes through initial buildout to Metrics validations, Strategic Plan and actions’ validation to achieve desired profitability for Individual Life & Savings Products.
• Enforce the execution of the Pricing Policy including best practices and technical standards for governance.
• Address Regulatory Pricing Topics related to Individual Life & Savings products and develop actions plans to respond to legal and regulatory changes and ensure fairness
• Stay abreast of and appropriately communicate knowledge of industry changes, specifically changes that affect pricing
• Share expertise on product pricing methodologies, including pricing algorithms, pricing parameters, and advanced pricing techniques
• Engage closely with members of CUO, Entity Underwriting and Pricing members, Reserving, TDO, and Finance to improve pricing accuracy and overall business performance.

Qualifications

Let’s talk about you:

Main competencies and experience

Competencies

• Expertise on product pricing methodologies, including pricing algorithms, pricing optimization, and advanced pricing/modeling techniques
• Proficient use of traditional data processing and analysis tools: Python, R, SQL, PowerBI…
• Ability to work within a matrixed complex and international set up while establishing partnerships.
• Ownership on outcomes with strategic and operational rigor.
• Verbal communications skills to gain buy-in to communicate clearly and concisely with internal and external clients.

Experience

• Associate Actuary, Data Scientist or equivalent with 1 to 3 years of experience
• Experience in Individual Life & Savings pricing is a plus
• The knowledge of tools like Akur8, Earnix, Dataiku is a plus
• Experience interacting with experts and evolving in matrixed environments
• Experience in driving change and building relationships.
• Experience in working in multicultural and multifaced geographically diverse teams

Behaviours

• Self aware
• Collaborative
• Comfortable with ambiguity
• Flexible & willing to say ‘I don’t know, let me find the answer’
• Humble enough to listen to others who have the expertise and build relationships
• Culturally sensitive to difference
• Patience & the ability to take time to learn

Language

• Fluent English

About AXA 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 world’s leading insurers in the protection of property, people and assets, AXA is 145,000 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 is based in Paris and brings together the Group’s corporate activities. It is distinguished by its strong international culture.

What We Offer 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 vacanciesin.eu 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.

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