Within AXA Health Division, a dynamic entity specialized in international Life and Health solutions and in particular within the Technical Accounting & Reinsurance team, you will have a dual responsibility, including :
-
The support and control of a large portfolio of global employee benefits programs, contributing to the pricing, benefit design, setup and details of EB programs of the largest multinational companies all around the world.
-
Support Finance team on investment related topics
The MAXIS Global Benefits Network has been jointly created by AXA and MetLife in 1998.
In 2016, AXA and MetLife further strengthened their existing partnership with the launch of MAXIS GBN as a joint venture company. MAXIS GBN was created to handle all managerial and administrative services related to :
-
The MAXIS Global Benefits Network comprising 140 local insurance companies the "MAXIS Members" in 120 markets. All the MAXIS Members, to the extent it is legally feasible, are reinsured by AXA, the central reinsurer of the MAXIS Network. MAXIS GBN manages the reinsurance set-up and its administration.
-
The global employee benefits programs and services for multinational clients and their subsidiaries. The MAXIS GBN products are mainly pooling solution and captive services to pass all risks across the line to the client’s captive insurance company.
AXA and MetLife, as the joint risk carriers, delegate part of the technical activities to MAXIS GBN. You will be part of the team representing AXA as the reinsurer in this setup, overseeing the application of the delegation of technical authority and validating matters that fall outside the scope of the delegation.
AXA Health delegates the day-to-day Investment function to AXA France Investment Department. Nevertheless, a number of tasks remain on our side : FX mapping of the balance sheet leading to FX hedging, monitoring of cash and risk appetite indicators, prepare data related to assets for S2/IFRS 17.
As a Life and Health Actuary, you will contribute to :
The technical work needed to control the work of MAXIS and ensure the profitable growth for the MAXIS portfolio of Captive and Pool global programs. Your main mission will be to carry out the following tasks :
-
Review, study and validate new business / renewal policy referrals from MAXIS Underwriters, and work on getting the necessary internal AXA Health approvals if needed (referrals are for large deals or substandard risks exceeding MAXIS UW delegation).
-
Participate in the MAXIS Underwriting Committee, and Technical Committees, which are regular committees composed of AXA, MetLife and MAXIS GBN members to discuss and decide on ongoing diverse technical topics.
-
Assess and control the collateral studies done to eliminate credit counterparty risk related to Captive business and monitor the implementation of collaterals.
-
Assess and follow MAXIS reviews done for specific focus Pool clients or Members identified for profitability rehabilitation, follow the action plan and monitor until completion.
-
Validate MAXIS UW renewal strategy and monitor its implementation.
-
Monitor and control MAXIS underwriting and technical functions to ensure the profitability of the business for AXA as a reinsurer.
-
Support in the implementation of contracts, advising AXA and MAXIS Legal colleagues with business/technical aspects in contractual drafting negotiations.Financial role description
Financial role description :
-
Collect all data by currency and update the hedging strategy
-
Prepare (2 to 4 times a year) the data related to assets used by IFRS 17/S2 team
-
Monitor risk appetite elements and act in case of deviation
-
Monitor financial performance and budget
