Head of Pricing, US Middle Market

Company: XL CATLIN
Location: New York
Posted on: March 20, 2023

Job Description:

Job Description - Head of Pricing, US Middle Market (23000017D20220614) Head of Pricing, US Middle Market ( Job Number: 23000017D20220614 ) AXA XL has a successful large commercial & specialty franchise serving predominately the "Fortune 2500" in the US Commercial P&C market. We believe that adjacent the US Middle Market is the best option for AXA XL to see a "step change" in its Commercial Lines market share. We will explore building the critical market assets (product portfolio, distribution network, operating platform, etc.) to serve this client segment. To initiate our strategy, we have set up a Middle Market Task Force to explore the US Middle Market. The Task Force will:

• Develop a "proof of concept" entry strategy to the market to test hypotheses about what it takes to win
• Based on the findings of our "proof of concept", develop a scale up strategy and associated business case
• Consider both organic and inorganic growth accelerators The Head of Pricing, US Middle Market will work closely with the Head of US Middle Market to build out the pricing capabilities for this business. DISCOVER your opportunity What will your essential responsibilities include?
  • Building the Strategic direction of Middle Market Pricing through strong engagement with underwriting and collaboration with product pricing teams. Use data and analytics to identify opportunities for profitable growth.
  • Ensure AXA XL is a leader in the field of technical pricing through the buildout of pricing and rating tools to support middle market portfolio that are compliant with regulatory filings
  • Develop strong portfolio management capabilities to support business intelligence and management information, including calculation and reporting of core pricing metrics
  • Develop the Pricing view of loss ratio for US Middle Market products and ensure pricing tools are calibrated to this view
  • Drive appropriate consistency in pricing and portfolio analysis across US Middle Market
  • Develop and support state rate filings specific to the middle market portfolio
  • Ensure the team stays abreast of regulatory and technological changes that affect pricing
  • Closely engage with UW leadership, reserving, finance, regulatory and capital modelling to support middle market
  • Ensure efficiency of pricing processes within US Middle Market
  • Ensure compliance of pricing guidelines with the team
  • Training of underwriters in pricing matters
  • Gathering local UW data and analytics needs and problems
  • Leverage other AXA XL capabilities You will report Head of US Middle Market. We're looking for someone who has these abilities and skills:
    • 10+ years of non-life actuarial pricing experience, including experience in the commercial middle market space and experience working with admitted products
    • ACAS required, FCAS preferred
    • Strong business acumen, demonstrating knowledge of market challenges and opportunities and implications of decisions
    • Leadership skills to work collaboratively with colleagues to build consensus.
    • Strong written and verbal communications skills to gain buy-in to communicate clearly and concisely with internal and external clients.
    • Resourceful and innovative - meeting challenges with new ideas and alternative solutions and leveraging the capabilities of AXA XL. 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.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.Our enterprise I&D mission is to become the most inspiring company to work for. We're achieving this through our three areas of focus:
      • Drive an Inclusive Culture-create a global workplace that works for everyone, with a culture that values all individuals, backgrounds and ideas, and where every colleague feels safe, valued and respected.
      • Diversify Our Workforce-increase the representation of women in leadership, achieving 50% by 2023, and focus on underrepresented populations by region, positioning AXA XL as an employer of choice for all talent.
      • Support Our Marketplace & Communities-support our communities and visibly and thoughtfully champion equity around the globe.At AXA XL our approach to corporate responsibility (CR) is the same as our approach to business; constantly seeking to provide innovative solutions to the world's most complex problems. From offering our expertise, products and services to help build more resilient communities, to advancing understanding and response to climate change, our strategy - Our Impact. Our Future. - aligns key issues that are pertinent to our business - climate, water and financial resilience - and contributes to AXA Group's purpose to "Act for human progress by protecting what matters.".
        • Climate: We're reducing our carbon footprint, protecting ecosystems and exploring how our business can help build a better world.
        • Water: We're developing water resilience where it is - and will be - needed most. AXA XL is an Equal Opportunity Employer.

Keywords: XL CATLIN, New York , Head of Pricing, US Middle Market, Other , New York, New York