Risk Manager - Reserve & Capital

Location NJ, United States
Experience level Experienced Hire
Job details sector Life & Savings Insurance
Apply before Date not available

This exciting role is newly created to build reserve and capital expertise in the Risk Management department.  Besides reviewing assumption, reserve and capital within the company, the individual will lead the insurance risk part of the Economic Capital framework and participate in industry-leading (Big Data) projects such as: GLM mortality modeling, Policyholder behavior modeling, Agent behavior modeling, Accelerated Underwriting.


The Risk Manager, Reserve & Capital employee will need strong technical skills and work closely with Finance, BU, IT and Service Centers. The position is highly visible and has access to C-level executives.  It is part of a small and dynamic RM team overseeing strategy, distribution, product development, inforce initiative, assumptions, reserve, capital, underwriting, and reinsurance. There are weekly and monthly meetings designed to foster cross-learning and collaboration.

 The main responsibilities of the role include but are not limited to:

  1. Provide insightful review on assumption, reserve and capital changes. Formalize the RM 2nd opinion prior to the committee meeting and communicate to key stakeholders (CRO, Chief Actuary etc.) to effectively influence the final decision
  2. Develop and support the life economic capital framework, including the creation of local calibrations, maintenance & enhancement of technical documentation, completion of back-testing & sensitivity-testing,
  3. Conduct review on the projected reserve & capital in the annual planning and highlight any issues to senior mgmt.
  4. Support audits & reviews by the parent company AXA Group, PWC, Internal Audit, etc. and remediate issues & action plan
  5. Lead/support transversal & strategic projects as needed (i.e. Overall Company Risk Dashboard)

 Qualifications:

  • Undergraduate degree and FSA (or equivalent) required
  • 4 – 7 years of relevant Actuarial and/or Risk Management experience, hedging or assumption setting experience plus
  • Solid understanding of statutory reserve and capital, GAAP/IFRS experience plus
  • Strong analytical and communication skills: think creatively, express thoughts clearly, work effectively
  • Strong technical skills in Excel, VBA, R and Java
  • Flexibility to adapt to dynamic projects; must be a self-starter with exemplary work ethic and strong accountability
About AXA
We have been providing stability and reliability to our clients since 1859 to help them live their lives with confidence, to give them peace of mind, and enable them to realize their dreams for their loved ones and their legacy.
 
As an employer AXA is committed to creating an environment where everyone feels completely comfortable bringing their true selves to work every day. AXA US has been recognized and certified as a great place to work by the Great Place to Work Institute.
 
We provide our employees opportunities to move within our organization so they can grow their career and skills without ever having to leave AXA. Almost 40% of our open jobs are filled with current employees.

NOTE: AXA participates in the E-Verify program.
 
In addition to competitive compensation and an outstanding benefits package including 401 (k) and medical programs, we offer the opportunity for continued professional development in a congenial corporate environment.
 
AXA is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.



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.

We have been providing stability and reliability to our clients since 1859 to help them live their lives with confidence, to give them peace of mind, and enable them to realize their dreams for their loved ones and their legacy.
 
As an employer AXA is committed to creating an environment where everyone feels completely comfortable bringing their true selves to work every day. AXA US has been recognized and certified as a great place to work by the Great Place to Work Institute.
 
We provide our employees opportunities to move within our organization so they can grow their career and skills without ever having to leave AXA.  Almost 40% of our open jobs are filled with current employees.


NOTE: AXA participates in the E-Verify program.

In addition to competitive compensation and an outstanding benefits package including 401 (k) and medical programs, we offer the opportunity for continued professional development in a congenial corporate environment.

AXA is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.

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