AdresseWe’re seeking a Pension Actuarial Trainee to join the Pension Strategy Team here at AXA. You’ll support in managing the AXA UK and Ireland pension scheme funding trajectory, predominately focusing on the deployment of the asset strategy. You’ll contribute to appropriate projects, assist in the provision of holistic advice to company and Trustee considering implications on IFRS balance sheet and lead on liability modelling.
At AXA we work smart, empowering our people to balance their time between home and the office in a way that works best for them, their team and our customers. You'll work at least 40% of your week away from home, either at one of our office locations, visiting clients or attending industry events.
What you’ll be doing:
- Develop and lead monthly valuations, including assisting with IFRS accounting process at the year end and half-year periods.
- Calculate the economic capital associated with the pension scheme on a regular basis (STEC), with appropriate reporting to stakeholders and committees.
- Contribute to the development of innovation of modelling of liabilities for both AXA UK and Ireland.
- Update monthly Cash flow profiles including Liabilities and Assets, ensuring they follow the Interest rate and Inflation hedge ratio level.
- Manage the implementation of liability de-risking strategies in the most effective way possible, ensuring compliance with pension scheme regulations.
- Assist in the delivery of accurate and timely reporting and MI for the AXA UK Board, the AXA UK Executive Committee, AXA UK Investment Committee, AXA UK Risk Committee, AXA Group and other third parties with relevant analysis.
Due to the number of applications we expect to receive for this role, we reserve the right to close this advert earlier than the listed closing date to ensure we’re able to effectively manage interest. Therefore, if you’re interested in joining us at AXA, please don’t hesitate to apply.
Your Profile
What we’re looking for:
- Trainee actuary or equivalent with experience in risk management, capital reporting or ALM modelling.
- Ability to deliver information to a range of stakeholders.
- Relevant product and industry knowledge such as pensions, investment, and risk management.
- Knowledge of risk quantification tools and techniques including stress and scenario testing.
- Ability to work well in a team environment and to work well under time pressure.
- Analytical problem-solving skills.
- Good understanding and use Microsoft Office including Excel, PowerPoint and Word.
- Knowledge of market tools such as Bloomberg, UBS delta would be beneficial.
As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom.
This position has been defined as an Insurance Distribution Directive (IDD) role under the IDD regime which means that in addition to pre-employment screening checks, the successful candidate will be subject to background screening every 4 years with an annual declaration in interim years.
About AXA
With a presence in over 60 countries, and 165,000 employees serving the needs of 107 million customers, AXA is big.
But never too big to care for every single person who works here. So when you join us, we promise to put our collective might behind you and your career.
You’ll work in an open and supportive environment where you’ll be developed, challenged and encouraged to move around to achieve even bigger and better things – nationally and internationally. You’ll learn directly from senior leaders, from the best in our business. And you’ll enjoy real responsibility, really early on.
Every large company today talks about supporting diversity and inclusion. But at AXA UK, these values form an integral part of everything we do. For us, it’s about bringing together the best talent, helping people to realise their full potential by being 100% themselves at work and delivering outstanding service to everyone – regardless of difference.
About the Entity
AXA UK Support Functions power AXA’s three customer-facing business units, providing the infrastructure, support and expertise to ensure our customers can always count on us. Whether you’ve got heaps of experience and qualifications behind you, or you’re just starting out, we’ll give you the support and opportunities to help you grow and develop with confidence.
What We Offer
At AXA UK, we’re appreciative of the people who work for us and our rewards package is reviewed regularly to reflect that. You can expect to receive:
- Competitive annual salary dependent on experience.
- Annual company & performance-based bonus.
- Contributory pension scheme (up to 12% employer contributions.)
- Life Assurance (up to 10 x annual salary.)
- 25 days annual leave plus Bank Holidays.
- Opportunity to buy up to 5 extra days leave or sell up to 5 days leave.
- AXA employee discounts.
- Gym benefits.
To apply, click on the ‘apply for this job’ button, you’ll then need to log in or create a profile to submit your CV. We’re proud to be an Equal Opportunities Employer and don’t discriminate against employees or potential employees based on protected characteristics. If you have a long-term health condition or disability and require reasonable adjustments during the application or interview process, we’re proud to offer access to the AXA Accessibility Concierge. For our support, please send an email to kanika.2.akinshegun@axa-uk.co.uk
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