FS - Risk Consulting - Actuarial CAT Modelling- Senior

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. 

The opportunity

We are looking for a Senior Consultant to join our General Insurance Actuarial Practice, delivering solutions to leading clients in the Insurance Sector. You will work 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, members work on multiple client engagement teams that perform CAT modeling, actuarial model building and validations, reserving (actuarial liability estimation), due diligence, valuation analysis for IFRS, GAAP, and statutory calculations and reviews, capital/risk modeling, and other related actuarial projects for General and Health insurance businesses. 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 members to pursue actuarial exams while developing the basic skills needed to be successful actuarial consultants, combining excellent learning and career opportunities. Our growing team of professionals comes from diverse backgrounds, all committed to being long-term trusted advisors to our clients.

Your key responsibilities

As a Senior Consultant within the Actuarial team, your role involves developing and implementing solutions both within the Insurance service line and in collaboration with other service lines.

On engagements, you will:

• Be responsible for providing high-quality results and generating effective solutions while working alongside Senior Consultants, Managers, or Senior Managers in delivering the project.
• Provide focused solutions and training to staff members.
• Ensure all engagements are delivered on time.
• Deliver engagements in line with our values and commitment to quality, ensuring that work meets high standards.
• Establish/manage priorities, communicate the status of activities, and accumulate/report all chargeable hours.

Within the actuarial practice you will:

• Collect and assess catastrophe exposure data, ensuring data quality and the necessary assumptions for risk modeling.
• Prepare and analyze data and modeling results for portfolio management and reinsurance renewal projects.
• Evaluate changes in exposures and their impact on catastrophe model results, effectively communicating findings to internal stakeholders.
• Model probability distributions of gross, ceded, and net results using RMS or other vendor catastrophe modeling software.
• Analyze how result distributions and relevant risk measures vary with different reinsurance program alternatives.
• Contribute to the development and enhancement of proprietary catastrophe modeling and mapping tools.
• Lead internal catastrophe modeling projects and initiatives.
• Review monthly reports to assess and manage exposure strategies and ongoing portfolio optimization.
• Conduct risk analytics, including the development of analytical tools and support for risk analysis.
• Familiarity with RMS, AIR, ARIUS, Alteryx, IGLOO, ResQ, or other actuarial general insurance software is preferred but not required.
• Stay updated on current business and economic developments relevant to the industry and 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

• 4+ years of CAT modeling experience, with in-depth knowledge of the underlying model methodologies and assumptions.
• An understanding of the insurance industry and product lines.
• Technical expertise working with RMS or other catastrophe models.
• Superior data management skills, with the ability to manipulate, interpret, and extrapolate complex data.
• Strong communication and presentation skills, with the ability to translate complex technical analysis and concepts into easily understandable terms.
• The ability to multi-task and a flexible work attitude, along with good analytical skills.
• Experience in 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.

Ideally, you’ll also have

• A strong academic background with a bachelor’s degree emphasizing actuarial science, mathematics, statistics, or finance, ideally supplemented with a professional qualification.
• Strong written and verbal communication skills for report writing, industry studies, and stakeholder presentations.
• Overseas exposure (US/UK/Australia market experience).

What we look for

• Deep knowledge and experience in the insurance industry and/or consulting. Relevant recent Big 4 experience in leading actuarial engagements with recognized insurers will be an advantage. This should ideally 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 in supporting teams to deliver high-quality, timely results, actively building relationships, and promoting a collaborative culture when working with colleagues.

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