Head of Capital Management

DescriptionHead of Capital Management & LiquidityStamford, CT, USA or London, England, UKThe Head of Capital Management & Liquidity is responsible for managing the capital and liquidity position of the AXA XL Division of AXA Group. The functions reports to the Chief Reporting & Capital Officer (“CRCO”). The position requires a robust Capital Management background, balance sheet management experience and the ability to effectively interact with the AXA XL Finance Leadership Team and Risk Committees along with multiple areas within the company (Risk, Investments, Finance and the Corporate Actuary). The other key responsibility will be (working closely with AXA Group in) managing the Rating Agencies.DISCOVER your opportunity What will your essential responsibilities include?·        Capital Allocation Process including:·        Optimization of the capital structure (debt and equity) to provide a low cost, flexible capital model to the businesses that allows for value accretion·        Running a structured capital allocation process with all the Regions and providing standard tools and projections for local capital management purposes·        Development and recommendations to the CFO & CRCO regarding capital return and cash remittance programs to the AXA Group including dividend policy recommendations, internal loan Capacity and alternative capital return actions·        Coordinate with Finance on the utilization of economic models to analyze business/product returns·        Maintain banking relationships - both commercial and capital markets for daily operations and credit facilities·        Peer Analysis/Comparisons to assess best practices·        Balance Sheet Management including:·        Manage Balance Sheet Liquidity through monitoring all sources and uses of liquidity including the forecasting of future sources and uses against designated thresholds to ensure sufficient funds are available to meet cash flow needs·        Manage the Available Capital for the Bermuda Solvency Capital Requirement (“BSCR”) Calculation and Available Capital for the Solvency II Calculation on a quarterly basis as we all responsible for ·        Produce reporting Available Capital of the Key AXA XL Subsidiaries and Branches under the various regulatory regimes (including, but not limited to CBI, PRA, Lloyd’s, BMA, FINMA and NYDFS) and support Regional CFOs in their responsibilities·        Manage liquidity requirements – definition, forecasting and reporting of the liquidity requirements ·        Report liquidity positions quarterly to the Investment and Risk Management Committee·        Peer Analysis/Comparisons to assess best practices·        Managing Agency Relationships including:·        Coordinate the annual agency rating process and Maintain solid ongoing relationship with ratings agencies·        Update Agencies prior to any announcements (i.e., earnings, anticipated changes to capital structure, etc.)·        Update AXA XL Board and Risk Committees periodically on agency relationships and communicate any developmentsYou will report to the Chief Reporting and Capital Officer.QualificationsSHARE your talentWe’re looking for someone who has these abilities and skills:·        A bachelor's or master's degree with emphasis on economics, business, from a leading university is ideal·        Chartered Accountant (“FCA”) or similar qualification·        Extensive relevant financial institutions experience ·        Solid property and casualty insurance and financial modelling and analysis experience·        Keen understanding of the capital allocation and liquidity management processes·        Ability to effectively communication across functional lines and organization including senior management leadership and stakeholder management skills ·        Outstanding modelling/analytical skills and ability to reconcile IFRS output with GAAP (as it pertains to excess/deficient capital) ·        Demonstrated work ethic and attention to detail, in corporate finance positionFIND your futureAXA 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.Learn more at axaxl.comInclusion & DiversityAXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. 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.Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe Robust support for Flexible Working Arrangements Enhanced family friendly leave benefits Named to the Diversity Best Practices Index Signatory to the UK Women in Finance CharterLearn more at axaxl.com/about-us/inclusion-and-diversity.  AXA XL is an Equal Opportunity Employer.Sustainability At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations. Our Pillars:Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.Addressing climate change: The effects of a changing climate are far reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.AXA Hearts in Action:  We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.For more information, please see axaxl.com/sustainabilityJob Field: Conversion1Job Type: StandardSchedule: Full-time