Senior Actuarial Modeler - MG-ALFA/Integrate (Life Insurance)

Ernst & Young LLP ( EY India ); Bengaluru; On-site; INR 1,800,000 - 3,200,000; Full time

Job summary

EY Global Delivery Services in Bengaluru seeks a Senior MG-ALFA/Integrate tester or modeler in Life Actuarial. You will deliver user-level testing and modeling solutions, work with a collaborative global team and contribute to high-quality client outcomes.

The role requires strong actuarial knowledge, hands-on MG-ALFA/Integrate experience, and ability to lead and review work under tight deadlines. EY offers diverse global exposure and career growth.

Qualifications

• Experience in MG-ALFA/Integrate actuarial valuation software.
• Leading small to moderate teams and reviewing work.
• Knowledge of US GAAP, IFRS 17 cashflows.

Responsibilities

• Deliver MG-ALFA/Integrate user level testing and modeling.
• Support large scale engagements with EY clients.
• Develop regression models in Excel to test model developments.
• Prepare PPT decks for client presentations.

Skills

Actuarial valuation

Regulatory understanding

Excel

VBA

Power BI

Python

SQL

Team leadership

Tools

MG-ALFA/Integrate

Excel macros

Job description

FS-RC-Actuarial-MG-ALFA-Integrate deployment-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.

Role name and description

Senior, MG-ALFA/Integrate user, tester or modeler, Life Actuarial, EY GDS Consulting

Be part of a high-performing, supportive culture. Work with a team of collaborators, innovators and the brightest minds in the industry. 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 Life Insurance Actuarial Practice delivering MG-ALFA/Integrate user level, testing and modeling 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. You can expect to work along with senior managers/directors to support large scale engagements and deliver high-quality client solutions. You will develop and maintain long-term relationships and networks, build and energize a high performing team. Our growing team of professionals come from a diverse background, all committed to being long term trusted advisors to our clients.

Key Requirements

• Good understanding of US product lines and regulatory standards; hands-on valuation or modeling experience in a senior capacity (desirable)
• Experience of handling a small to moderate sized team will be an advantage
• Ability to review work done by junior members, ensuring quality of work product during time sensitive deadlines
• Ability to maneuver around existing modeling setup to incorporate the GAAP or STAT or LDTI / IFRS 17 cashflows
• Understanding of AoC concept and AoC steps (unwinding, roll forward, assumption changes, experience variances)
• Strong excel skills, capable of running and modifying macros used to transform Actuarial Cashflows
• Ability to develop regression models on excel to test the model developments
• Hands-on or Advance level experience in MG-ALFA/Integrate actuarial valuation software.
• Strong experience on Excel is must and experience on VBA would be good
• Good experience of preparing PPT decks
• In-depth understanding of insurance products and regulations of the US, Canada and other geographies

Skills and attributes for success

• Good analytical skills
• Ability to do investigations in models / reporting process and independently solve problems
• Willingness to learn and apply learning actively in project work
• Proficiency in MS-Office Suite, Power BI, VBA, SAS, R Programming, Python, SQL, SPSS, etc., will be a plus
• Ideally, you’ll also have Good actuarial exam progress
• Strong written and verbal communication skills for report writing, industry studies and stakeholder presentations
• The ability to build relationships with colleagues across the business, support them and promote a collaborative environment
• Overseas exposure (especially US/Canada/Europe market experience)

What we look for

Up to date knowledge of the regulatory environment impacting insurers and other financial service organisations

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.