Senior Consultant - Actuarial - General Insurance

EY; Kolkata, Mumbai, Delhi; On-site; INR 3,000,000 - 4,200,000; Full time

Benefits offered by this job

Flexible working arrangements

Job summary

EY is seeking a Manager - Actuarial - Business Consulting Risk to lead actuarial engagements in the General Insurance space across domestic and global markets. The role focuses on reserving, capital modelling, IFRS 17 implementation and statutory/audit support within a cross-disciplinary EY team.

Ideal candidates have 5+ years of GI actuarial experience, strong communication skills, and the ability to develop models, client-ready reports, and compelling proposals.

Qualifications

• Graduate or postgraduate in Actuarial Science with at least 5 years of experience in Actuarial GI domain.
• 6 qualified papers.
• Strong technical understanding including reserving, capital modelling, IFRS 17 and audit.

Responsibilities

• Execute projects in the Actuarial space for General Insurance clients.
• Support reserving, statutory reporting, solvency assessment and IFRS 17 implementation.
• Contribute to statutory audit and internal audit & review activities.
• Develop and maintain actuarial models and client-ready reports/presentations.
• Prepare proposals and knowledge sharing to drive new engagements.
• Collaborate with EY teams to maintain standards and best practices.

Skills

Communication

Documentation

Facilitation

Relationship building

Presentation

Negotiation

Education

Actuarial Science degree

Tools

R

Python

Job description

Manager - Actuarial - Business Consulting Risk

As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom. At EY, we don't just focus on who you are now, but who you can become. We believe that it's your career and 'It's yours to build' which means potential here is limitless and we'll provide you with motivating and fulfilling experiences throughout your career to help you on the path to becoming your best professional self.

About Actuarial Services:

The Team advises clients in the terms of:

• Reserving
• Audit
• M&A Support
• Capital modelling
• IFRS Reporting
• Business Planning
• Reinsurance Structure and Optimization
• Regulatory Compliance and more

The opportunity:

General Insurance - Domestic & Global Market - Business Consulting Risk - Actuarial

Your key responsibilities

The Incumbent will be responsible for executing projects in the Actuarial space

We are looking for Actuaries with varying experience in the Indian/ Global insurance market. The job grade of the successful candidates for this role will depend on their respective qualities and experience. The typical responsibilities of the role include

• Play a proactive role within a multi-disciplinary EY team in supporting the various client engagements which may span across Reserving,
• Statutory reporting,
• Solvency assessment,
• IFRS17 implementation,
• Statutory Audit, Internal Audit & Review,
• Business planning.

• Build appropriate models for the above-mentioned projects allowing for client requirement and relevant regulations.
• Lend support on strands of research and specialisms work aimed at providing key insights to help our clients / consultants
• Develop cutting edge proposals for winning new and different clients /engagements
• Work closely with the team to develop consistent standards and best practice.
• Sharing knowledge in a timely and effective way by submitting regularly to the knowledge database
• Contribute to wider opportunities within EY and to raising its profile externally e.g. taking an active role in writing articles for The Actuary
• Develop and maintain deep technical knowledge in modelling skills
• Present internally and externally on areas of technical specialist knowledge
• Develop reports and presentations for the client

Skills and attributes for success

In addition to technical competence, what will set you up for success at EY is your ability to:

• Strong communication, documentation, facilitation, relationship-building, presentation and negotiation skills
• Be highly flexible, adaptable, and creative
• Broad consulting and project management skills, effective written and oral communication skills
• Pursue passions beyond work and invest in your wellbeing

To qualify for the role you must have:

A qualified graduate or postgraduate in Actuarial Science with minimum of 6 Qualified papers having 5+ years of experience in Actuarial GI domain.

Good technical understanding

• Reserving techniques
• Business planning and capital modeling
• IFRS 17 methodologies
• Audit

People Skills:

• Proven communication and interpersonal skills, including the ability to put across complex technical issues and solutions to non-actuaries.
• Good team player and team handling skills

Desirable

• Good working knowledge of the relevant actuarial concepts and methodologies
• Working knowledge of tools like R, Python etc.
• Knowledge of the latest accounting standard - IFRS17 which is being implemented or reported across various geographies across the world.
• Confidence in speaking and expressing views through a variety of platforms like publications (internal/external), seminars etc.

Ideally you'll also have

• Proven ability to balance priorities and manage many competing demands to agreed deadlines and to the required level of quality.
• Ability to give/receive constructive feedback.
• Self-motivated, uses own initiative and is outcome-focused.
• Dealing constructively with uncertainty and ambiguity.

What we look for

People with the ability to work in a collaborative way to provide services across multiple client departments while adhering to commercial and legal requirements. You will need a practical approach to solving issues and complex problems with the ability to deliver insightful and practical solutions.

What working at EY offers

EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a lifestyle balance.

About EY

As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. So that whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.