AXA LM delegates most of the management of its invested assets to AXA France, but financial modelling needs to be carried out in order to feed AXA France with relevant data.
As part of this delegation, one of your main role is to liaise with AXA France to ensure that the management is well executed, and to build some reporting for the executive management
You will also be responsible for the implementation of the framework to operate within, i.e. definition of risk appetite, limits for investments, investment strategy, and set up of specific indicators to monitor the investment portfolios.
Regarding new portfolios acquired by the Funds, you will be in charge of managing the new investment portfolios.
You will contribute to foreign exchange rate hedging
AXA LM has developed an Alternative Investment Fund activity, and is in the process of launching its second Fund, specialising in the acquisition of run-off portfolios and the Corporate Finance Department is in charge of the valuation of these acquisitions. Key aspects of your role will be to:
Assist the team to perform valuations of ongoing acquisitions and future targets
Refine and adapt existing valuation tools, in order to have the latest regulatory changes factored in
As part of the valuation techniques development you will be in charge of maintaining the model up-to-date (periodic market data, AXA LM costs benchmark, solvency factors, etc.)
Contribute to Investor IRR database and various reports linked to our Investment Funds (periodic IRR, fair value, Investor report, etc.)
You will contribute in making sure that AXA LM is compliant with Solvency II on several portfolios and as such the position participates to Pillar I calculation, both with Standard formula and internal model, and also participates to Pillar III (reporting on assets, and market risk calculations)
Market Risk will be your primary focus regarding Solvency II, in relation with asset management.
Academic background and qualification:
- Ideal qualification: Top range Business school, Engineer school or Top University with specialization in Corporate Finance
- From Junior (relevant internship required) to 2-3 years of experience in corporate finance, asset management or actuarial department
- Excellent in Excel and Powerpoint, knowledge of VBA is a plus
- Proven interest in Corporate Finance and Financial markets
- Attention to details in the daily use of complex Excel models, and preparation of synthetic Powerpoint presentations
- Already familiar with Solvency II framework is a plus
- English is mandatory
- Autonomous, rigorous, persistent, curious, inter-personal skills
- Strong motivation for working in an international and multi-cultural environment, in a small team within of a wide group
- Interested in dealing with different topics at the same time while evaluating their urgency
Would you like to wake up every day driven and inspired by our noble mission and to work together as one global team to empower people to live a better life? Here at AXA we strive to lead the transformation of our industry. We are looking for talented individuals who come from varied backgrounds, think differently and want to be part of this exciting transformation by challenging the status quo so we can push AXA - a leading global brand and one of the most innovative companies in our industry - onto even greater things. In a fast-evolving world and with a presence in 64 countries, our 166,000 employees and exclusive distributors anticipate change to offer services and solutions tailored to the current and future needs of our 103 million customers.
AXA Liabilities Managers (AXA LM) is an entrepreneurial business unit of the AXA Group specializing in discontinued non-life reinsurance business acquisition and management. One of the key missions of the company is to reduce volatility and risks by proactively and profitably bringing to finality contracts underwritten in the past. AXA LM has 280 employees in the world. They are based in Belgium, France, Switzerland, the UK and the USA. As of December 31, 2015, AXA LM was managing 2 billion euros of liabilities and had underlying earnings of 51 million euros.