general insurance risk Management headAXA

Job Purpose
Ensure compliance with AXA Group Standards Handbook on providing Risk Management 2nd opinion on (1) Products; (2) Reinsurance; (3) Reserving; (4) Strategic Planning; (5) Pricing; (6) Portfolio Management Process; (7) Underwriting;
Ensure P&C risks are identified, measured, monitored and mitigated on a timely basis - through the 2nd Opinion Process and P&C risk studies
Ensure P&C Risk Appetite framework is set-up, approved and implemented
Key Accountabilities
Quantitative and Analytical Support on Risk Modeling, Actuarial Reviews, and Governance
Coordinate and provide support for independent second opinion reviews on strategic plan, product development, pricing, reinsurance, reserving, portfolio management process, and capital management
Lead and develop the modelling of P&C risks for all lines of business
Review and validate the local Risk Appetite limits for each line of business
Support in the development of risk scenarios that will be the basis of sensitivity testing in product, pricing, and reinsurance reviews
Support the Underwriting team in evaluating the risk impact of proposed actions to ensure consistency with stated risk appetite and tolerance levels
Support the Actuarial team in the calculation of Economic Combined Ratios and liaise with Underwriting and Reinsurance teams to communicate results and ensure the appropriate implementation within pricing models
Support the Risk Management team in developing and maintaining Risk Management metrics and processes as may be required to ensure the ongoing stability of AXA Philippines
Work closely with Product Development, Actuarial, Underwriting, Reinsurance, Claims, Corporate Strategy, and Finance teams in promoting a consistent and informed risk culture
Assist in ensuring adherence to all risk management standards, frameworks, and policies
Management Reporting on Risk Exposures and Mitigations
Source updated exposures and liaise with Underwriting and Actuarial teams to ensure and confirm ongoing compliance with Risk Appetite Framework
Ensure that relevant risk owners have provided timely remediation actions plans for any breaches in Risk Appetite
Source and assist in the development of appropriate risk monitoring tools and key risk indicators leveraging on internal and external data; possess the intuition to propose applicable risk mitigation to remedy identified issues of varying severity
Define and supervise the risk exposure data collection across all lines of business, providing insights to earnings, solvency, and liquidity
Analyze the product, pricing, profitability, underwriting, reinsurance, reserve, and solvency risks of all products and lines of business
Ensure the alignment of business actions with strategic and emerging risk mitigations
Provide support in the data quality signoffs on management reporting data for risk exposures
Regular follow up on recommendations or action plans identified during the second opinion processes and risk exposures monitoring
Source and consolidate risk information for Board and Management reports and support in drafting the relevant documentation and presentations summarizing main highlights and findings
Contribute to risk identification, measurement and reporting for management, and further develop capabilities to thoroughly build risk reporting in coordination with other teams
Business Leadership
Lead and manage the GI Risk management team, by ensuring accomplishment of deliverables, setting clear goals for the team, prioritizing tasks or objectives, and guiding members of the team especially in actuarial and technical skills.
Be the key subject matter expert for quantitative risk data and modelling topics to colleagues in risk management team
Influence the business in the effective management of the GI P&L to drive top line and bottom line growth and to deliver the expected BU performance metrics, with particular focus on Combined Ratio and Underlying Earnings, while ensuring compliance with AXA Philippines' risk appetite and other risk management frameworks
Contribute to shaping the maturity of the Risk Management Framework to meet the team's target level of maturity
Proactively identify opportunities and challenge the status quo
Assist in planning activities as relevant
Strong collaboration with local teams, regional teams, Group and other AXA entities
Self-driven on assigned initiatives
Key Stakeholders
Internal
Technical: Actuarial, Underwriting, Claims, Products
Commercial: Distribution, Partnerships, Emerging Customers
Governance Committees: Local Risk Committee, Board Risk, Audit, Compliance Committee, GI Technical Committee
External
Asia Risk Management
Group Risk Management
Experience and Qualifications
Qualifications in Actuarial Science, Statistics, Mathematics, Economic, Engineering, Computer Science, Business Administration, Accounting, or other relevant discipline
At least an Associate to any recognized Actuarial Professional body (ASP, CAS, SOA, FIA, FIAA etc.); CAS accreditation would be prioritized.
At least 10 years solid experience in Non-life Actuarial, or quantitative risk modelling; added advantage if with underwriting, and reinsurance.
Highly numerate and analytical with very good problem-solving and project management skills
Strong interpersonal and presentation skills with the ability to build mutually beneficial internal and external relationships and incorporate forward looking views to members of senior management
Ability and desire to work effectively in a team-oriented environment while ensuring autonomy, flexibility and capacity of adapt to new situations with other actuaries, underwriters, and risk managers in a cooperative and open manner
Qualifications
Job Purpose
Ensure compliance with AXA Group Standards Handbook on providing Risk Management 2nd opinion on (1) Products; (2) Reinsurance; (3) Reserving; (4) Strategic Planning; (5) Pricing; (6) Portfolio Management Process; (7) Underwriting;
Ensure P&C risks are identified, measured, monitored and mitigated on a timely basis - through the 2nd Opinion Process and P&C risk studies
Ensure P&C Risk Appetite framework is set-up, approved and implemented
Key Accountabilities
Quantitative and Analytical Support on Risk Modeling, Actuarial Reviews, and Governance
Coordinate and provide support for independent second opinion reviews on strategic plan, product development, pricing, reinsurance, reserving, portfolio management process, and capital management
Lead and develop the modelling of P&C risks for all lines of business
Review and validate the local Risk Appetite limits for each line of business
Support in the development of risk scenarios that will be the basis of sensitivity testing in product, pricing, and reinsurance reviews
Support the Underwriting team in evaluating the risk impact of proposed actions to ensure consistency with stated risk appetite and tolerance levels
Support the Actuarial team in the calculation of Economic Combined Ratios and liaise with Underwriting and Reinsurance teams to communicate results and ensure the appropriate implementation within pricing models
Support the Risk Management team in developing and maintaining Risk Management metrics and processes as may be required to ensure the ongoing stability of AXA Philippines
Work closely with Product Development, Actuarial, Underwriting, Reinsurance, Claims, Corporate Strategy, and Finance teams in promoting a consistent and informed risk culture
Assist in ensuring adherence to all risk management standards, frameworks, and policies
Management Reporting on Risk Exposures and Mitigations
Source updated exposures and liaise with Underwriting and Actuarial teams to ensure and confirm ongoing compliance with Risk Appetite Framework
Ensure that relevant risk owners have provided timely remediation actions plans for any breaches in Risk Appetite
Source and assist in the development of appropriate risk monitoring tools and key risk indicators leveraging on internal and external data; possess the intuition to propose applicable risk mitigation to remedy identified issues of varying severity
Define and supervise the risk exposure data collection across all lines of business, providing insights to earnings, solvency, and liquidity
Analyze the product, pricing, profitability, underwriting, reinsurance, reserve, and solvency risks of all products and lines of business
Ensure the alignment of business actions with strategic and emerging risk mitigations
Provide support in the data quality signoffs on management reporting data for risk exposures
Regular follow up on recommendations or action plans identified during the second opinion processes and risk exposures monitoring
Source and consolidate risk information for Board and Management reports and support in drafting the relevant documentation and presentations summarizing main highlights and findings
Contribute to risk identification, measurement and reporting for management, and further develop capabilities to thoroughly build risk reporting in coordination with other teams
Business Leadership
Lead and manage the GI Risk management team, by ensuring accomplishment of deliverables, setting clear goals for the team, prioritizing tasks or objectives, and guiding members of the team especially in actuarial and technical skills.
Be the key subject matter expert for quantitative risk data and modelling topics to colleagues in risk management team
Influence the business in the effective management of the GI P&L to drive top line and bottom line growth and to deliver the expected BU performance metrics, with particular focus on Combined Ratio and Underlying Earnings, while ensuring compliance with AXA Philippines' risk appetite and other risk management frameworks
Contribute to shaping the maturity of the Risk Management Framework to meet the team's target level of maturity
Proactively identify opportunities and challenge the status quo
Assist in planning activities as relevant
Strong collaboration with local teams, regional teams, Group and other AXA entities
Self-driven on assigned initiatives
Key Stakeholders
Internal
Technical: Actuarial, Underwriting, Claims, Products
Commercial: Distribution, Partnerships, Emerging Customers
Governance Committees: Local Risk Committee, Board Risk, Audit, Compliance Committee, GI Technical Committee
External
Asia Risk Management
Group Risk Management
Experience and Qualifications
Qualifications in Actuarial Science, Statistics, Mathematics, Economic, Engineering, Computer Science, Business Administration, Accounting, or other relevant discipline
At least an Associate to any recognized Actuarial Professional body (ASP, CAS, SOA, FIA, FIAA etc.); CAS accreditation would be prioritized.
At least 10 years solid experience in Non-life Actuarial, or quantitative risk modelling; added advantage if with underwriting, and reinsurance.
Highly numerate and analytical with very good problem-solving and project management skills
Strong interpersonal and presentation skills with the ability to build mutually beneficial internal and external relationships and incorporate forward looking views to members of senior management
Ability and desire to work effectively in a team-oriented environment while ensuring autonomy, flexibility and capacity of adapt to new situations with other actuaries, underwriters, and risk managers in a cooperative and open manner
AXA

Makati City, Metro Manila
Permanent
Full-time