Manager, P&C Actuarial, EY GDS Consulting

About the Role

Manager, 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 Manager 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.

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.

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.

Key Responsibilities

As a Manager 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:

• Responsible for providing high quality results and generating effective solutions working along with Senior Consultants, Manager or Senior Manager in delivering the project
• Demonstrate the ability to apply their problem-solving skills to new and complex situations and problems with minimal supervision and maintain quality and accuracy
• Provide focused solutions and training to Staff/Senior 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 standards
• Establish/manage priorities, create/manage work plans, communicate the status of activities, and accumulate/report all chargeable hours
• Maintain a strong stakeholder focus and maintain/develop productive working relationships with stakeholders and other team members

Within the actuarial practice you will:

• Communicate the results of analysis to actuaries in other geographical regions such as Australia, UK, US, Europe, etc.
• 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 model 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
• 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
• Risk analytics including development of analytical tools, analysis of insurance risk and general support for any risk analytics in the company
• 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

To qualify for the role, you must have:

• Qualified Actuary with at least 6+ 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, IFRS17, technical provision, solvency II and risk management)
• Ability to multi-task and flexible work attitude packed with good analytical skills
• Experience of handling a moderate sized team will be an advantage
• Proficiency in MS-Office Suite, VBA, SAS, R Programming, Python, SQL, SPSS, etc., will be a plus

Qualifications

Ideally, you'll also have:

• 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
• Ability to review work done by junior members, ensuring quality of work product during time sensitive deadlines
• The ability to build relationships with colleagues across the business, support them and promote a collaborative environment
• Overseas exposure (especially Australia/UK/US/Europe market experience)

What we look for:

• Deep knowledge and experience of the insurance industry and/or consulting. Relevant recent big 4 experience in leading actuarial engagement with recognized insurers will be an advantage. This ideally should be complemented by employment experience within the Insurance sector either at an insurer, intermediary or regulator
• Up to date knowledge of the regulatory environment impacting insurers and other financial service organizations
• Experience of supporting teams to high quality timely delivery, actively building relationships and promoting a collaborative culture when working with colleagues