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Head of Pricing Models, Pricing Analytics & Models
London, UK
Pricing Analytics & Models (PAM) is a unit of AXA XL's insurance division that enables product pricing actuaries and underwriters to harness information, deploy tools, and generate insights that improve portfolio management and increase profitability. The Pricing Models team within PAM works with pricing actuaries to design, build, and implement the algorithms that underpin premium calculations for the company's global casualty, professional, property, and specialty lines. The Pricing Models team brings a special combination of actuarial expertise, technical knowledge, and coding skills necessary to engineer, maintain, and enhance those algorithms.
AXA XL is currently in the middle of a multi-year transformation initiative that will streamline and upgrade workflows across the enterprise. At the heart of that initiative is the creation of a cloud-based platform for developing models and delivering everyday analytics. With this new platform, AXA XL will improve the consistency, performance, and accuracy of its pricing tools. The Head of Pricing Models is a crucial contributor to this project - from shaping the technical plans to defining the model development methodology to managing the migration. The Head of Pricing Models also serves as a primary source of actuarial expertise for the information technology teams that are standing up the various workflow systems.
DISCOVER your opportunity
What will your essential responsibilities include?
Lead a central team focused on development, delivery, maintenance, and enhancement of pricing models for all product lines;
Establish a technical and operational framework that enables pricing actuaries to build their own models in a manner that reflects internal and industry best practices;
Devise and institute practices that improve the ability to measure the calibration of pricing models and align them to the appropriate financial plans and targets;
Establish and leverage an established network of relationships with operations and underwriting colleagues to ensure successful deployment and adoption of pricing tools;
Collaborate with the information technology teams to provide day-to-day support for existing pricing tools and databases;
Provide the expertise necessary to establish technical and operational integrations between pricing tools and other internal systems, including connections to third-party data services;
Guide the creation of a new, cloud-based pricing model platform, ensuring it can meet the company's needs and objectives for consistency, quality, ease of use, data capture, governance, etc.;
Inform and implement a plan to migrate legacy pricing models to the new platform in partnership with all the stakeholders, including the pricing actuaries, technology teams, and underwriters;
Work with pricing actuaries and PAM leaders to identify and seize opportunities to produce novel and innovative pricing insights;
Hire, train, direct, manage, motivate, and evaluate a team of analysts, actuaries, and developers who can successfully design, produce, and deliver sophisticated pricing models; and
Ensure pricing models and tools comply with the company's data privacy policies, information security requirements, and pricing governance guidelines.
SHARE your talent
We're looking for someone with the following combination of abilities, skills, and experience:
Required Attributes:
Established experience as a qualified actuary in non-life insurance pricing;
Experience as a manager of a team of experienced consultants, technical experts, or other analytics professionals;
Proven ability to work with global, multi-disciplinary teams, including actuaries, underwriters, and information technology staff;
Proven ability to educate and convince audiences with a wide range of technical knowledge and at different levels in an organisational hierarchy;
Extensive experience and advanced technical aptitude with common programming languages for actuaries and analytics (e.g., SQL, VBA, R, Python);
Extensive experience using Microsoft Excel and PowerPoint;
A track record for successfully introducing and utilising new technologies;
Superior communications skills, written and oral;
A diligent, detail-oriented, collaborative, and collegial approach to project execution;
A demonstrated passion for innovation;
Ability to travel domestically (occasionally) and internationally (annually); and
A bachelor's degree, preferably in mathematics, statistics, actuarial science, or computer science.
Desired Attributes:
Diverse commercial insurance industry experience;
Experience with the creation, coordination, execution, and communication of a large-scale, corporate transformation or information technology project; and
Experience with modern information technology infrastructure for analytics (e.g., cloud services, Databricks, etc.).
FIND your future
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
Inclusion & Diversity
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 a diverse workforce enable business growth and are critical to our success. That's why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It's about helping one another - and our business - to move forward and succeed.
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.
For more information, please see axaxl.com/sustainability
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