FS-Risk Consulting- Actuarial- Senior

At EY, we’re all in to shape your future with confidence. 

We’ll help you succeed in a globally connected powerhouse of diverse teams and take your career wherever you want it to go. 

Join EY and help to build a better working world. 

Role name and description

Senior Consultant, Investments 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 Senior Consultant to join our Investments Actuarial Practice delivering solutions to leading insurers and asset managers, working closely with staffs, senior consultants, managers, senior managers and 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, work in areas such as actuarial investment consulting, modeling assets to back insurance or pensions liabilities, estimate regulatory capital among other areas. The team members also receive on-the-job training to acquire practical experience in addressing business and technical issues along with applying industry knowledge and EY policies and 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 Consultant within the Actuarial Investments 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:

• Calculate the overall Solvency Capital Requirement (SCR) for an asset portfolio and individual risk charges under regulations such as Solvency II and Risk Based Capital 2.
• Develop new models and tailor existing models for performing valuations of non-traditional / illiquid assets.
• Perform eligibility analysis for infrastructure investments under Solvency II.
• Perform extensive market research to evaluate capital implications for different investment strategies.
• Perform experience studies on valuation, methodology and assumptions.
• Develop solutions for sustainable finance and climate change risk modelling.
• Develop tools for various purposes such as SCR calculation, matching adjustment, valuation of assets.
• Be responsible for providing high quality results and generating effective solutions working along with seniors, managers and senior managers in delivering the project.
• Manage priorities, communicate with clients and stakeholders, and maintain/develop productive working relationships with stakeholders and other team members.

Within the actuarial practice you will:

• Ensure that all statutory and company regulations are followed while processing work to protect clients’ and the business’ interests.
• Contribute ideas and suggestions for improvements to processes.
• Train and share knowledge with colleagues.
• Make steady progress with appropriate professional examinations as agreed with line manager and with the support of the company.
• Stay informed of current business and economic developments relevant to the industry and geography
• Document and communicate steps and processes used to arrive at the results and maintaining a high quality of deliverables.
• Investigate models and reporting processes and independently solve problems.
• Perform cleaning, processing, working with large data sets, identifying inconsistencies in the data and preparing it for valuation process.
• Carry out all other reasonable requests and objectives to an acceptable standard within agreed timescales.
• 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

• 3-5 years of experience in Life Insurance or Investments
• Basic knowledge of Solvency II, Risk Based Capital 2, market risk, product cash flows, valuations and modelling.
• Life actuarial valuation, modelling, experience analysis or reporting experience
• Understanding of traditional and illiquid asset classes such as Equity Release Mortgages, Derivatives etc.
• (Desirable) Modelling experience on any of the following: Excel, VBA, R, Python
• (Good to have) Basic knowledge of Environmental, Social and Governance investments and sustainable finance.

What we look for

• Life actuarial / investments / related background
• 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 ensure high quality and timely delivery, actively building relationships and promoting a collaborative culture when working with colleagues.
• Strong academic background with a bachelor's degree with an emphasis on actuarial science, mathematics, statistics or finance related discipline.
• Strong written and verbal communication skills for report writing and stakeholder presentations.

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 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 is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.

Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow.

EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.