FS-Risk Consulting- Actuarial -Senior
FS-Risk Consulting- Actuarial -Senior
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Job Description
At EY youll have the chance to build a career as unique as you are with the global scale support inclusive culture and technology to become the best version of you. And were counting on your unique voice and perspective to help EY become even better too. Join us and build an exceptional experience for yourself and a better working world for all.
Role name and description
Senior P&C Actuarial EY GDS Consulting
Global Delivery Services is one of EYs greatest global assets a network of service delivery centers that provide high-quality services at a competitive cost for all EYs client serving and enablement teams. Every day we combine our subject matter expertise with our technology and automation skills to develop new solutions that deliver greater value for EY. If you have a passion for enabling world class actuarial services globally to solve the most complex challenges in the financial services industry come join our dynamic GDS team!
The opportunity
We are looking for a Senior to join our General Insurance Actuarial Practice delivering solutions to the leading clients in Insurance Sector working closely with other Staff/Assistants Consultants/Seniors Managers Senior Managers or Client partners in EYs global network of insurance sector and consulting professionals.
Within our talented and dynamic Actuarial team the members work on multiple client engagement teams that perform actuarial model building and validations reserving (actuarial liability estimation) due diligence premium calculation valuation analysis for IFRS GAAP and Statutory calculations and review capital/risk modeling and other related actuarial projects for General and Health insurance businesses. The team members also receive on-the-job training to acquire practical experience in addressing business/technical issues and in applying industry knowledge and EY policies/procedures on client engagements. The position is designed to enable the member to pursue actuarial exams while developing the basic skills needed to be a successful actuarial consultant combining both excellent learning and career opportunities.
Our growing team of professionals come from a diverse background all committed to being long term trusted advisors to our clients.
Your key responsibilities
As a Senior within the Actuarial team your role involves developing and implementing solutions both within the Insurance service line and in collaboration with other services lines.
On engagements you will:
- Be responsible for providing high quality results and generating effective solutions working along with Senior Consultants Managers or Senior Managers in delivering the project
- Provide focused solutions and training to Staff members
- Be responsible for ensuring all engagement are delivered within time
- Deliver engagements in line with our values and commitment to quality and ensuring that work is of high standards
- Establish/manage priorities communicate the status of activities and accumulate/report all chargeable hours
Within the actuarial practice you will:
- Actuarial liability estimation for general insurance lines of business which involves data preparation data loading to tools analysis of liabilities and presenting results
- Analyze the historical claims data and identify potential issues and trends and report the findings
- Perform valuation of reserves through IBNR models using the data supplied for estimation
- Working knowledge of different loss projection methods and their applications along with the familiarity of different property and casualty lines of business
- Review data methodologies assumptions results and benchmark against the market
- Assessment of technical provisions and standard formula/ other capital calculations
- Large loss analysis rating factor analysis and CAT benchmarking
- Perform ad-hoc research and development requests as required
- Preparations of report/memo sent to stakeholders showing results of the analysis
- Maintain strong focus in finishing Actuarial exams along with developing a strong subject matter expertise
- Risk analytics including development of analytical tools analysis of insurance risk and general support for any risk analytics in the company
- Knowledge of ARIUS Alteryx IGLOO ResQ or other reserving software are good to have but not must criteria
- Stay informed of current business/economic developments relevant to the industry/ geography
We are looking for individuals who have a proactive attitude and are seeking the opportunity for personal and professional growth leveraging and supporting our global network.
Skills and attributes for success
Skills and attributes for a successful career at EY require a learning mindset and passion to add value to GDS member firms and client organizations. Bright and enthusiastic individuals who give their all to each assignment they work on will find themselves at home within our energetic GDS actuarial team.
To qualify for the role you must have
- 3 years experience in the General Insurance industry either within a consulting firm or an Insurer or an organisation providing Insurance services (such as reserving capital modelling pricing rate filling CAT modelling IFRS17 technical provision solvency II and risk management)
- Ability to multi-task and flexible work attitude packed with good analytical skills
- Experience of handling a small team will be an advantage
- Proficiency in MS-Office Suite VBA SAS R Programming Python SQL SPSS etc. will be a plus
- Good exam progress
Ideally youll also have
- Strong academic background with a bachelors degree with an emphasis in actuarial science mathematics statistics or finance related supplemented ideally with a professional qualification
- Strong written and verbal communication skills for report writing industry studies and stakeholder presentations
- Overseas exposure (US UK market experience)
- Deep knowledge and experience of the insurance industry and/or consulting. Relevant recent big 4 experience in leading actuarial engagement with recognized insurers will be an advantage. This ideally should be complemented by employment experience within the Insurance sector either at an insurer intermediary or regulator
- Up to date knowledge of the regulatory environment impacting insurers and other financial service organizations
- Experience of supporting teams to high quality timely delivery actively building relationships and promoting a collaborative culture when working with colleagues
What we offer
EY Global Delivery Services (GDS) is a dynamic and truly global delivery network. We work across six locations Argentina China India the Philippines Poland and the UK and with teams from all EY service lines geographies and sectors playing a vital role in the delivery of the EY growth strategy. From accountants to coders to advisory consultants we offer a wide variety of fulfilling career opportunities that span all business GDS you will collaborate with EY teams on exciting projects and work with well-known brands from across the globe. Well introduce you to an ever-expanding ecosystem of people learning skills and insights that will stay with you throughout your career.
- Continuous learning: Youll develop the mindset and skills to navigate whatever comes next.
- Success as defined by you: Well provide the tools and flexibility so you can make a meaningful impact your way.
- Transformative leadership: Well give you the insights coaching and confidence to be the leader the world needs.
- Diverse and inclusive culture: Youll be embraced for who you are and empowered to use your voice to help others find theirs.
EY Building a better working world
EY exists to build a better working world helping to create long-term value for clients people and society and build trust in the capital markets.
Enabled by data and technology diverse EY teams in over 150 countries provide trust through assurance and help clients grow transform and operate.
Working across assurance consulting law strategy tax and transactions EY teams ask better questions to find new answers for the complex issues facing our world today.
Employment Type
Full Time
