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Trainee Actuary

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AXA

29d ago

  • Internship
    Full-time
    Off-cycle Internship
  • Data
  • Dublin

AI generated summary

  • You must be a partially qualified actuary or possess a relevant degree, skilled in R, SAS, Excel, and PowerPoint, with strong analytical, communication, and problem-solving abilities.
  • You will analyze account performance, produce pricing data, monitor profitability, assess claims, and collaborate with stakeholders to drive strategic planning and profitability insights.

Requirements

  • • Partially qualified Actuary with the Institute of Actuaries (or equivalent) OR minimum graduate level (actuarial 3rd level course or 3rd level degree in statistics / mathematics/ Data Science)
  • • Strong knowledge of all tasks relating to area e.g. embedding, rate adequacy, rating changes, risk modelling, propensity modelling, account performance.
  • • Experience using R, SAS, Excel, and PowerPoint.
  • • Understanding of the general insurance market with regards to both Retail and Commercial.
  • • Flexible with approach to problems to help develop and create reporting to align with business needs.
  • • Strong work ethic with the ability to balance work demands & study for actuarial exams.
  • • Awareness of the overall compliance to Health & Safety, IT Security and all legislation/compliance aligned to AXAs standard.
  • • Good written and oral communication skills with the ability to communicate clearly and concisely to both a technical and non-technical audience.
  • • Able to apply analytical problem solving, make recommendations, and implement improvements continuously in a dynamic environment.
  • • Continual professional development through networking, educational progress and personal development
  • • Ability to manage multiple tasks simultaneously to meet tight reporting deadlines.

Responsibilities

  • Production of the monthly rate adequacy process which looks at account performance to help drive the company’s strategic direction. This includes:
  • Production of pricing data and reports.
  • Maintenance and development of reporting to meet business needs.
  • Monitoring of account profitability versus target.
  • Analysis of premium and business volumes to inform future projections.
  • Assessing and analysing emerging claims experience to help inform the business.
  • Incorporation of latest expense information to ensure profitability is reflective of current environment.
  • Monitoring of mix to ensure portfolio is aligned with strategic objectives.
  • Working with finance and actuarial function to inform the strategic planning process.
  • Monitoring and production of KPIs across the portfolio
  • Derive and share profitability insights and analysis with stakeholders across the business.
  • Attending account review meetings to understand and help shape performance.
  • Provision of data to external/internal customers on request.
  • Is flexible within the role and prepared to undertake other duties as assigned by line manager from time to time.

FAQs

What is the role of a Trainee Actuary at AXA Ireland?

The Trainee Actuary will join the Pricing & Underwriting Function, providing reporting, insights, and analytical solutions to shape AXA's initiatives within Portfolio Management areas.

What are the primary responsibilities of this position?

Responsibilities include production of pricing data and reports, monitoring account profitability, analyzing premium and business volumes, and incorporating expense information, among others.

What qualifications are required for this role?

Candidates should be a partially qualified Actuary with the Institute of Actuaries (or equivalent) or have a minimum graduate level in actuarial science, statistics, mathematics, or Data Science.

What technical skills are necessary for the Trainee Actuary position?

Experience with R, SAS, Excel, and PowerPoint is necessary, along with a strong knowledge of area-specific tasks like rate adequacy and risk modeling.

Is experience in the insurance market necessary?

Yes, an understanding of the general insurance market, particularly in Retail and Commercial sectors, is required.

How does AXA Ireland support professional development?

AXA encourages continual professional development through networking, educational progress, and personal development opportunities.

Is there flexibility in the working approach for this role?

Yes, the role allows for flexibility in approaching problems and developing reports to align with business needs.

Will I need to work away from home?

Yes, you will be required to work at least 40% of your week away from home, moving to a majority from September 2025.

What is AXA's stance on diversity and inclusion?

AXA is an equal opportunities employer and welcomes applications from all communities, embracing differences to create strong teams.

What benefits does AXA Ireland offer to its employees?

Employees can expect a competitive salary, annual performance-based bonuses, a contributory pension scheme, life assurance, generous annual leave, employee discounts, and educational support.

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AXA

Finance
Industry
10,001+
Employees
1816
Founded Year

Mission & Purpose

We always start with our customers. As one of the largest global insurers, our purpose is to act for human progress by protecting what matters. Protection has always been at the core of our business, helping individuals, businesses and societies to thrive. And AXA has always been a leader, an innovator, an entrepreneurial company, fostering progress in all its dimensions. Our purpose also links back to the Group's roots. From the outset, AXA has been committed to acting as a force for collective good. From solidarity-based actions with AXA Hearts In Action to work on prevention issues with the AXA Research Fund and the fight against climate change, AXA has always been attentive to its social environment and embraced its responsibility as an insurer: responsibility for taking action upstream in order to better understand risks, with one goal in mind: to ensure better protection.