Actuarial Specialist

EY; Dadri; On-site; INR 1,200,000 - 2,400,000; Full time

Job summary

EY Global Delivery Services in India is seeking a Senior Actuarial professional to join the IAAS team. The role focuses on US pension valuations, actuarial model building, and related retirement projects, with on-the-job training and opportunities to pursue professional exams.

You will work on end-to-end valuation processes, data handling, and collaboration with EY stakeholders to deliver compliant reports and insights for retirement business clients.

Qualifications

• 3+ years of experience in US Pensions in actuarial domain.
• Degree in actuarial science, mathematics, statistics or related field.
• Credit for at least three actuarial examinations.
• Familiarity with actuarial and statistical techniques.
• Valuation software ProVal preferred.
• Programming knowledge in VBA, R, Python or SQL.

Responsibilities

• Understand US pension and retirement benefits.
• Carry out end-to-end valuation of defined benefit pension schemes for filings.
• Process large data sets and clean data for valuation.
• Configure ProVal assumptions per client for regulatory disclosures.
• Document steps and ensure high-quality deliverables.
• Know IAS19 and US GAAP accounting standards.
• Maintain knowledge of legislative changes and actuarial procedures.
• Train and share knowledge with colleagues.
• Support line manager in exams and professional development.
• Allocate resources and oversee team performance.

Skills

US Pensions knowledge

Actuarial examinations

Data analysis

Communication (stakeholders)

Education

Bachelor's or Master’s in Actuarial Science/Math/Statistics

Tools

ProVal

VBA

R

Python

SQL

Job description

People Consulting Actuarial Services - Senior:

Skills and attributes for success

• 3+ years of work experience in US Pensions in Actuarial domain
• A Bachelors or Master’s degree with an emphasis in Actuarial Science, Mathematics, Statistics, or a related financial field
• Credit for at least three Actuarial Examinations.
• Familiarity with actuarial and statistical techniques
• Valuation software – ProVal (preferred)
• Sound programming knowledge is plus – VBA, R, Python, SQL

Ideally, you will also have the opportunity to work on a variety of retirement-related projects aligned with current U.S. market requirements.

About Global Delivery Services

Global Delivery Services refers to EY's worldwide network of service delivery centers. The GDS team plays an important role in EY’s strategy by ensuring effective support to EY’s growth agenda.

Our journey started in 2002 with approximately 200 people. Today we stand at 80,000+ professionals in ten locations around the world. We operate in Argentina, China, Hungary, India, Philippines, Poland, Sri Lanka, Mexico, Spain and the United Kingdom.

Client service is focused on providing Consulting, Assurance, Tax, Strategy & Transactions, and Knowledge support to our clients around the world. The teams enable account teams worldwide to provide seamless, high-quality, value-added support, helping deliver exceptional client service.

Enablement Services provides cost-effective, high-skilled, and innovative services to support EY’s global and local enablement teams. Markets, BMC, AWS, Finance and Accounting, Risk Management, Procurement, People Shared Services, IT Service Delivery and IT Global Infrastructure services, are among the services offered by Enablement Services.

Our innovation specialists serve the GDS Client Service and Enablement Services teams, along with Service Lines, Core Business Services and Sectors. The team brings the desired environment, technologies and skilled teams together for facilitation, rapid prototyping and innovative thinking. The competencies offered include analytics, digital, user experience, mobile technology, infrastructure, Microsoft technologies and open innovation.

The Opportunity

Within our talented and dynamic Insurance & Actuarial Advisory Services (IAAS) team, the member works on multiple client engagement teams that perform actuarial model building and validations, actuarial funding and accounting liability calculations, due diligence, and other related actuarial projects for retirement businesses. The team member also receives on‑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.

Your Key Responsibilities

• Should have a thorough understanding of US pension and retirement benefits
• Carry out end to end actuarial valuations process of defined benefit pension schemes plans and for various compliance related reporting.
• Experience in cleaning, processing, working with large data sets, identifying inconsistencies in the data and preparing it for valuation process.
• Configuring the valuation system (ProVal) in accordance with the various assumptions for each individual client (interest rates/demographic/regulatory and other related) to generate liability for regulatory or financial disclosure.
• Documentation and communication of steps and processes used to arrive at the result and maintaining a high quality of deliverables.
• Familiarity with various US government forms and filings related to qualified DB pension funds and related accounting standards (such as ASC 715, ASC960 and IAS19) and preparation of final deliverable report.
• Familiarity of IAS19 and US GAAP accounting standards.
• Carry out all other reasonable requests and objectives to an acceptable standard within agreed timescales
• Ensure that all statutory and company regulations are followed while processing work to protect clients and the business interests
• Maintain an up to date knowledge of legislative changes and actuarial procedures
• Contribute ideas and suggestions for improvements to process templates
• Training and sharing of knowledge with colleagues
• Make steady progress with appropriate professional examinations as agreed with line manager with the support of the company.
• Responsible for decision‑making, optimizing processes, resource management, and overseeing team management as needed for task execution.
• Accountable for allocating personnel, supervising team members, assigning tasks, ensuring that the team has the necessary tools and support to succeed in their roles and optimizing and evaluating their performance to meet organizational goals.

What we look for

• A self-motivated individual with a proactive attitude and the ability to work independently while engaging with various EY stakeholders.