Actuarial Function Holder – IPA SA

Actuarial Function Holder – IPA SA (240007WL)

Primary Location

: BELGIUM-BRUSSEL – BRUXELLES-BRUXELLES

Other Locations

: FRANCE-75-PARIS-PARIS, ITALY-ITALY-ROMA

Organization

: AXA Partners – AP Global Support Functions

Contract Type

: Regular

Shift

: Day Job

Schedule

: Full-time 

Description

Reporting to the IPA SA Chief Risk Officer, the position leads the Actuarial department. This department guarantees to the IPA SA management and to the Board of Directors that appropriate methodologies are used for computing the technical reserves, and provides independent opinion and recommendation on the key technical topics and processes. This position stands as a component of the second line of defense for the work streams defined by the Solvency II Regulation (Reserving, Underwriting, Reinsurance). 

DIMENSIONS OF ROLES

• IPA Gross Written Premiums: € 1.2 bn
• More than € 300 m IPA SA technical reserves
• IPA SA branches in 9 countries, 30 subsidiaries
• More than 3 000 insurance contracts in IPA SA or its subsidiaries
• A wide range of insurance products (Roadside Assistance, Home Assistance, Travel, Health, Legal Protection)
• Direct interactions with the regulator (National Bank of Belgium)
• Interactions with the IPA SA board of directors and AXA Group Actuarial Function Holder

Besides, the crucial stakes of the role are:

• Expertise: Act as a trusted actuarial reference to both IPA and external stakeholders, strengthening risk understanding and valuation for reserving and pricing/underwriting, enforcing regulatory evolutions (statutory, IFRS 17, Solvency 2) and influencing business-decision making with value-added arguments in plain language.
• Delivery: Guarantee the quality and the punctuality of the actuarial studies performed by the team, validating clear and detailed business requirements, with precise and realistic timelines and measurable expected results and conclusions.
• Compliance & Control: Ensure the respect of Banque Nationale of Belgium and AXA Group actuarial guidelines, compliance requirements and internal audit follow-up in relation to underwriting, reserving, data usage (GDPR) and profitability metrics.
• Independence: Provide the IPA SA Executive Committee and Board of Directors with independent opinions on all key technical topics

KEY RESPONSIBILITIES

• Guarantee to the IPA SA management and to the Board of Directors that appropriate methodologies are used for computing the technical reserves
• Guarantee that the quality of data used to compute the technical reserves is appropriate
• Provide an independent opinion on the level of technical reserves, as compared to best estimates
• Provides an independent opinion on key underwriting topics
• Provides an opinion on the reinsurance policy & reinsurance processes

POSITION CONTEXT

The head of actuarial service has numerous regular interactions with various stakeholders: 

Within AXA Partners :

• Chief Finance Officer and Finance teams (IPA finance team, reserving center of excellence): opinion on reserves
• Head of Technical Excellence and Technical Excellence teams: opinion on technical processes (underwriting & reinsurance)

With external major business partners: :

• Board of Directors: presenting actuarial report, making recommendations based on technical findings for key insurance technical topics
• National Bank of Belgium: explaining methodologies used for reserving, and on all technical processes on which the Actuarial Function Holder gives an opinion

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Qualifications

SKILLS AND EXPERIENCE 

Background and experience

• Qualified actuary or similar education profile with demonstrated significant insurance technical experience in the insurance industry (10+ years): Knowledge of Reserving, Pricing, Valuation & Solvency 2 metrics
• Proven Leadership
• Knowledge of insurance (ideally assistance) products and markets
• Knowledge of actuarial, macro economy, financial and risk-management matters
• Understanding of coding skills in R & VBA, SAS/WPS & Python appreciated

Communication and management skills

• Fluent English mandatory
• Pedagogical skills to coach and develop skills of actuarial analysts
• Excellent planning skills and strong sense of analysis and synthesis
• Independent mind to express and sustain an opinion on technical strategic topic in front of Executive audiences
• Ability to collaborate and communicate to different technical and non-technical stakeholders and present materials to senior and top management
• Ability to challenge traditional technical schemes and accompany the transformation
• Ability to receive and to provide feedbacks from and to the co-workers
• Effective relationship builder at all levels

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About AXA AXA Group is the world leader in insurance and asset management. We protect and advise our clients at every step in their lives, by offering products and services which satisfy their needs in the areas of insurance, personal protection, saving and asset management. AXA is the leading insurance brand worldwide, with over 100 million clients. We are transforming from payer to partner for our client, with a strong focus on risk prevention.

Our mission: Empower people to live a better life.

Our values: Customer First, Courage, Integrity and One AXA.

AXA Partners is an AXA transversal business unit offering a wide range of solutions in assistance services, travel insurance and credit protection.

AXA Partners’ role is also to implement innovative solutions emerging from the AXA Innovation unit.

Combining passion with advanced expertise, we design and deliver worldwide solutions for partners and communities. We protect what matters, when it matters.

What We Offer By joining AXA Partners, you will work in a responsible company, which offers a real culture of expertise & diversity. Our focus is on accelerating the development of everyone’s skills, whilst offering attractive and competitive compensation and opportunities for professional development and growth.

Additionally, at AXA, we work to make a real difference to people – when amazing things happen and when we create opportunities for a better life, the feeling of pride is extraordinary. Join a company that helps protect the forests! At AXA Partners, we plant a tree for every new recruit (with a permanent contract).

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