FS-Risk Consulting- Actuarial_P&C-Senior

Iris Software; Dadri; On-site; INR 10,00,000 - 15,00,000; Full time

Job summary

A global consulting firm is seeking a Senior in their General Insurance Actuarial Practice in India. In this role, you will develop actuarial solutions, collaborate with diverse teams, and analyze claims data to ensure high quality results. Candidates should have over 3 years of experience in the General Insurance sector, strong analytical skills, and the ability to manage teams.

Benefits

Continuous learning opportunities

Diverse and inclusive culture

Transformative leadership coaching

Qualifications

• 3+ years' experience in the General Insurance industry.
• Experience of handling a small team is an advantage.
• Good exam progress in actuarial exams.

Responsibilities

• Develop and implement solutions within the Insurance service line.
• Provide quality results and generate effective solutions.
• Analyze historical claims data and identify trends.

Skills

General Insurance knowledge

Analytical skills

Multi-tasking ability

Team management

Education

Bachelor's degree in actuarial science, mathematics, statistics or finance

Tools

MS-Office Suite

Python

SQL

Job description

Overview

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.

Senior, 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 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 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 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, 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 (US, UK market experience)

What we look for

• 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 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.

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.