Risk Consulting - Actuarial - P and C - Staff

About the Role

Staff, 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.

We are looking for a Staff member 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.

Key Responsibilities

As a Staff member 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 Seniors, Managers or Senior Managers in delivering the project
• Establish/manage priorities, communicate the status of activities, and accumulate/report all chargeable hours
• Maintain/develop productive working relationships with stakeholders and other team members

Within the actuarial practice you will:

• Estimate actuarial liability 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 model using the data supplied for estimation
• 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
• Updating the 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, 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

Requirements

• Knowledge of how insurance works and basics of Actuarial profession
• Ability to multi-task and flexible work attitude packed with good analytical skills
• Proficiency in MS-Office Suite, VBA, SAS, R Programming, Python, SQL, SPSS, etc., will be a plus
• Ability to utilize AI tools to expedite current processes and workflows
• Good exam progress consistent with experience

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
• Strong written and verbal communication skills for report writing, industry studies and stakeholder presentations
• Overseas exposure (especially Australia/UK/US/Europe market experience)
• AI Literacy – Good knowledge on GenAI, Agentic AI would be an added advantage