Risk Consulting - Actuarial - P and C -AU - Sr Professional
Ernst Young · Noida · onsite · Posted 1d ago
Undisclosed3–8 yrsfulltimeSourced from
About a minute. You'll make an account on the way through.
About this role
Job Summary
Your key responsibilities
Within the actuarial practice you will
Skills and attributes for success
To qualify for the role, you must have
Ideally, you ll also have
Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
Senior Consultant to join EY's 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 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.
Your key responsibilities
- 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 attributes for success
- 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.
To qualify for the role, you must have
- 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
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
Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
Sourced from naukri
Skills
Due DiligenceAutomationanalytical thinkingdata preparationActuarialglobal deliveryalteryxAnalyticsActuarial ScienceCapital MarketsData AnalyticsGeneral InsuranceCommunication SkillsGAAPFinancial ServicesfinanceGDSArtificial Intelligence
About Ernst & Young
Ernst Young
Management Consulting
44k+
employees
2002
24 years old
Gurgaon / Gurugram, Haryana
India
₹15.3L PA avg
Avg at Ernst & Young
About
At EY, our purpose is Building a better working world. The insights and quality services we provide help build trust and confidence in the capital markets and in economies the world over.
Industries
Management Consulting
Employee ratings
10 reviews
3.4/ 5
Culture
1.9
Career growth
2.3
Work-life
2.5
Employees rate it well for
Job Security36Skill Development35
Find them on