FS-RC-Actuarial-UK PC-Staff

At EY, you’ll 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 we’re 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

Staff, P&C Actuarial, EY GDS Consulting

Global Delivery Services is one of EY's greatest global assets – a network of service delivery centers that provide high-quality services at a competitive cost for all EY’s 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 Staff member 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 EY’s 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 Staff member 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 Seniors, Managers or Senior Managers in delivering the project


• Establish/manage priorities, communicate the status of activities, and accumulate/report all chargeable hours


• Maintain/develop productive working relationships with stakeholders and other team members

Within the actuarial practice you will:

• Estimate actuarial liability 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 model using the data supplied for estimation


• 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


• Updating the 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


• Knowledge of ARIUS or similar reserving software is desirable, but not mandatory


• Exposure to data analytics tools such as SQL and Alteryx is an added advantage


• Familiarity with IFRS 17 and Solvency II frameworks is preferred


• Stay informed of current business/economic developments relevant to the industry/ geography


• Maintain strong focus in finishing Actuarial exams along with developing a strong subject matter expertise


• 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

1+ 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

Proficiency in MS-Office Suite, VBA, SAS, R Programming, Python, SQL, Alteryx etc., will be a plus

Good exam progress

Ideally, you’ll also have

• Strong academic background with a bachelor’s 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 (especially Australia/UK/US/Europe market experience)

What we look for

• Deep knowledge and experience of the insurance industry and/or consulting.


• 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. From accountants to coders to advisory consultants, we offer a wide variety of fulfilling career opportunities that span all business disciplines. In GDS, you will collaborate with EY teams on exciting projects and work with well-known brands from across the globe. We’ll introduce you to an ever-expanding ecosystem of people, learning, skills and insights that will stay with you throughout your career.

• Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.


• Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.


• Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.


• Diverse and inclusive culture: You’ll 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.  

 

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