Sr Risk Consulting - Actuarial - P and C -AU Professional

EY; Bengaluru; On-site; INR 1,800,000 - 3,000,000; Full time

Job summary

EY is seeking a Senior Consultant for the General Insurance Actuarial Practice in EY GDS. You will deliver actuarial solutions, work with senior colleagues, and contribute to cross-service line collaborations. The role emphasizes quality, timely delivery, and professional growth.

You will develop reserves valuation, loss projections, and data analyses, while applying modern tools like SQL and Alteryx to drive insights and efficiencies.

Qualifications

• 3+ years of General Insurance experience in consulting, insurer, or reserving domain.
• Ability to multi-task with strong analytical skills and client focus.
• Experience leading a small team is advantageous.
• Proficiency in MS-Office, VBA, SAS, R, Python, SQL, Alteryx is a plus.

Responsibilities

• Develop and implement actuarial solutions within General Insurance.
• Collaborate with EY teams across services lines on engagements.
• Deliver high-quality results and manage engagement timelines.
• Provide guidance and training to staff members.
• Track chargeable hours and communicate status to stakeholders.
• Identify automation and AI enhancement opportunities.
• Prepare reports and memos for stakeholders.

Skills

Analytical skills

Multi-tasking

Team leadership

Automation mindset

AI proficiency

Education

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

Tools

SAS

R

Python

SQL

Alteryx

VBA

MS Office

Job description

Job Summary

Senior, P&C Actuarial, EY GDS Consulting

We are looking for a Senior Consultant 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.

Responsibilities

As a Senior Consultant 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
• Actively look for automation and AI enhancement opportunities

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
• Be able to build models from scratch
• 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
• Knowledge of ARIUS, ResQ or similar reserving software is desirable, but not mandatory
• Exposure to data analytics tools such as SQL and Alteryx is an added advantage
• Familiarity with IFor Solvency II frameworks is preferred
• 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 competencies

• 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.

Requirements

• 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, IFtechnical 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, Alteryx, etc., will be a plus
• AI proficiency, automation mindset
• Good exam progress

Ideal qualifications

• 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