Internship in Group Financial Structure - (M/F) - 6 months

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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.

 AXA is built around diversity and unity, which is why we are committed to promoting collective success through inclusion.

As a leading global insurer, capital and cash optimization is a key pillar of AXA Group’s strategy. Growing cash-flows across the Group is one of five strategic priorities defined in the Driving Progress 2021-2023 plan, relying on in-force management, Group simplification and disciplined capital management.

Being responsible for the steering and management of the Group’s financial resources (capital, debt, cash), the Group Corporate Finance & Treasury department (DCFG) plays a key role in the delivery of this ambition. This team of approx. 40 works together to understand and address the expectations of our stakeholders (shareholders, debtholders, local supervisors, business partners) regarding the level and form of our capital, its expected return and the most appropriate Group financial structure. It optimizes the sourcing, allocation and use of capital and cash across the Group in order to support AXA and its individual businesses in reaching their ambitions, including maintaining an attractive capital management policy for the Group’s shareholders. It works to continuously grow cash generation from our operating units and increase cash remittance to the holding. Finally, it executes inorganic transactions to reallocate capital according to the Group’s strategic priorities.

Within DCFG, the Group Financial Structure (GFS) team leads the work on two major dimensions:

• Capital Management activities to optimize the use of capital by our operating entities and steer the Group’s cash remittance in order to generate strong internal cash resources that can be redeployed according to the Group’s priorities
• Steering of the Group’s financial structure and monitoring of the financial performance of AXA SA’s financial activities arising from internal and external debts as well as derivatives hedging AXA SA’s FX and IR exposures

Your job and daily missions:

The missions of the internship will cover the following areas:

• Support the steering of the Group’s cash remittance plan by ensuring that Group and entities’ ambitions are met through the monitoring of future remittance delivery
• Support various capital management processes supporting our cash ambitions: organizing the capital allocation process taking place with operating entities (timetable and instructions, consolidation of remittance trajectory, monitoring of the target, etc.)
• Support the cash remittance STIC (Short Term Incentive Compensation) process (formula definition, target setting, monitoring of the achievement, etc.)
• Contribute to the production, monitoring, and reporting of main financial KPIs allowing to measure the efficiency of the Group’s capital strategy (e.g.: Remittance / local solvency position / alert and limit level over local solvency)
• Support in ad-hoc analysis (e.g., internal reinsurance strategy / comparative assessment with our peers’ performance)

  Qualifications

• Last year or gap year of Business School or Engineering School
• Fluent English - daily professional use of English. French is a plus

 Technical/professional and soft skills

• Excellent knowledge of Excel and Powerpoint
• Financial skills
• Analytical and synthesis skills
• Knowledge of the basic functions of Bloomberg is a plus
• knowledge of insurance business and concepts as well as regulatory environment (Solvency II) is a plus
• Knowledge of accounting principles and financial statements is a plus
• Communication skills, both written and oral
• Strong motivation, autonomy, and rigor
• Dynamic
• Strong team-worker
• Well organized
• Capacity to deliver concrete proposals based on carried out analyses