Pricing Expert – P%26C Retail - Work location: Madrid

Job description

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Whatever their stage of life, we provide over 108 million customers with the products and services they need to progress. From insurance to personal protection, and savings to wealth management, no matter the need we’re always there for them. And we’re always there for our employees. In 50 countries, we work hard to inspire pride and a sense of belonging in our people. To provide opportunities that challenge them, inspire them, and reward them. And to create a culture that’s open, supportive, and empowering. Because we know that’s the real secret to success – and the best way for us to keep building a better world for both our customers and the talented people who put them first.

YOUR WORK ENVIRONMENT:

The headquarters of the AXA Group (GIE AXA) brings together our corporate activities. It provides guidance and support to subsidiaries around the world, to ensure the coordination and monitoring of the Group's global strategy, the application of its standards, the consistency of commercial approaches and the sharing of best practices. The headquarters gathers approximately 1000 employees and is distinguished by its strong international culture (45 nationalities), which makes it a rich and stimulating place to work.

Within the Group, you will join the Group Chief Underwriting Office as Pricing Expert – P&C Retail.

YOUR JOB AND DAILY MISSIONS:

Context & Major Challenges

The newly created Global Chief Underwriting Office will be accountable for establishing, enabling, and driving profit and growth through Product Underwriting Strategy, Portfolio Design and Technical Underwriting Excellence in partnership with the AXA Entities, for both Commercial and Retail, through:

• Portfolio Design Steering
• Underwriting Product Strategy and Profitability Measurement
• Technical Underwriting Guidance
• Pricing Models, Platforms and Analytics
• Risk Appetite deployment
• Ceded Reinsurance strategy design and purchasing As part of the CUO Office you will be an integral part of the Group Pricing Team partnering directly with underwriting and executive management as we look to develop and deliver our strategic objectives.

Key Accountabilities

• Ensure Market Leading Technical Pricing in P&C Retail products
• For P&C Retail Products, participate to Pricing Technical Reviews and execute a thorough review on Pricing Strategy, Adequacy, Governance, Tools, etc.
• Support Portfolio Management Processes through initial buildout to Metrics validations, Strategic Plan and actions’ validation to achieve desired profitability for P&C Retail Products.
• Enforce the execution of the Pricing Policy including best practices and technical standards for governance.
• Address Regulatory Pricing Topics related to Health products and develop actions plans to respond to legal and regulatory changes and ensure fairness
• Stay abreast of and appropriately communicate knowledge of industry changes, specifically changes that affect pricing
• Share expertise on product pricing methodologies, including pricing algorithms, pricing parameters, and advanced pricing techniques
• Engage closely with members of CUO, Entity Underwriting and Pricing members, Reserving, TDO, and Finance to improve pricing accuracy and overall business performance.

Dimensions

• Global scope: P&C Retail businesses & geographies

Stakeholders:

This position will work closely with Heads of Pricing within the entities. Reviews and transversal initiatives will be carried with teams in GIE and entities across Finance, Risk Management, Underwriting, Claims, etc.

KPIs for Success:

• Deliver on key accountabilities

Desired profile

Qualifications :

Main competencies and experience

Experience

·  Actuary, Data Scientist or equivalent
·  Extensive Retail P&C experience in pricing
·  Ability to directly influence strategy and portfolio management, as well as setting the technical culture
·  Proven experience interacting with Senior leaders and evolving in matrixed environments
·  Experience in driving change and building relationships
·  Proven experience in leading multicultural and multifaced geographically diverse teams is a plus

Competencies

·  Expertise on product pricing methodologies, including pricing algorithms, pricing parameters, and advanced pricing techniques
·  Strong verbal communications skills to gain buy-in to communicate clearly and concisely with internal and external clients
·  Leadership: Influence and stakeholder management within matrixed complex and international set up while establishing partnerships.
·  Operational rigor and efficiency.

Behaviours

·  Self aware
·  Collaborative
·  Comfortable with ambiguity
·  Strong Relationship builder
·  Change agent
·  Culturally sensitive to difference
·  Patience & the ability to take time to learn

Language

·  Fluent English