Senior Life Insurance Actuarial Consultant

Ernst & Young LLP ( EY India ); Bengaluru; On-site; INR 1,500,000 - 2,700,000; Full time

Job summary

EY’s Global Delivery Services in India seeks a Senior Life Actuarial professional to deliver IFRS17 Life actuarial services across client engagements. You will work with a diverse team, apply actuarial modeling techniques, and support the development of solutions for insurers worldwide.

The role emphasizes learning, certifications, and advancing in actuarial exams while contributing to high-quality, timely project outcomes within EY’s global network.

Qualifications

• Experience in actuarial reserving and assumption setting.
• Modeling tools experience and hands-on valuation knowledge.
• Familiarity with IFRS 17, US GAAP and Solvency II regulations.

Responsibilities

• Deliver high-quality actuarial services for IFRS17 Life projects.
• Guide and train Staff members while ensuring timely delivery.
• Lead or support engagements across EY’s global client network.
• Collaborate with colleagues to ensure quality and knowledge sharing.

Skills

Analytical skills

Problem solving

Excel

VBA

Prophet

MG ALFA

GGY Axis

Moses

RAFM

Learning attitude

Education

Bachelor’s degree in business/actuarial/finance

Professional actuarial qualification

Tools

Prophet

MG ALFA

GGY Axis

Moses

RAFM

Job description

Risk Consulting - Actuarial - IFRS17 Life - 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, Life 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 Life 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‑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

• Responsible for delivering high quality results and generating effective and impactful solutions
• 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, consistently driving projects to completion and ensuring that work is of high standard

Skills and attributes for success

• Good analytical skills
• Ability to do investigations in models / reporting process and independently solve problems.
• Hands‑on experience in actuarial valuation software Prophet will be added advantage.
• Advanced level experience in Prophet will be valuable
• Strong experience on Excel is must and experience on VBA would be good
• In‑depth understanding of insurance products and regulations of US / EMEIA / APAC markets
• Willingness to learn and apply learning actively in project work
• Self‑motivation and proactiveness in driving project
• Willingness to travel to meet and work with clients

To qualify for the role, you must have

• Experienced resource – preferably 3-6 years
• Experienced in the following topics: Actuarial reserving, Assumption setting, Modelling software
• Ideally, you’ll also have Experience of working with Prophet, MG ALFA, GGY Axis, Moses, RAFM, etc.
• Knowledge of IFRS 17, US GAAP, Solvency II and other insurance regulations around the globe
• Preferred Actuarial Degree / Good exam progress
• Strong academic background with a bachelor’s degree ideally business, actuarial or finance related supplemented ideally with a professional qualification
• AI Literacy – Good knowledge on GenAI, Agentic AI would be an added advantage

What we look for

• Good communication skills
• English fluent in speaking
• Good English writing skills
• Experience of leading/supporting teams to high quality timely delivery, actively building industry 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.