EY - Actuarial Services Role

JOB DESCRIPTION

COMPANY NAME Ernst & Young

DESIGNATION Actuarial Services

LOCATION Mumbai

ABOUT THE COMPANY

Ernst & Young India Pvt. Ltd.

Ernst & Young is a global leader in assurance, tax, transactions and advisory services. Worldwide, our people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

Ernst & Young operates from 10 cities in India (www.ey.com/india) with trusted advisors who contribute most to the success of people and clients by creating value and confidence.

The advisory practice combines risk, technology, actuarial and performance improvement competencies to offer an integrated value proposition and help clients meet their business challenges.

About Actuarial Services

The team advises clients in the areas of

- Reserving, Pricing, M&A Support

- Risk Capital Measurement framework

- Economic Financial Reporting framework

- Asset Liability Management

- Model Validation

- Financial Modeling for Pricing, Reporting, Business Planning, MCEV, Product Pricing and Development

- Regulatory Compliance and more

ROLE/PRIMARY (KRAs) - The Incumbent will be responsible for executing projects in the Actuarial space

- Provide clear and helpful actuarial advice and support to the clients on various engagements. The principal responsibility under this role is for all actuarial aspects related to the assignment to which the successful candidate is allocated. Many a times the engagement is usually accomplished by actuarial team working together with assurance team, information technology team, performance improvement team etc. We are looking for Actuaries with varying experience in the Indian insurance market. The job grade of the successful candidates for this role will depend on their respective qualities and experience. The typical responsibilities of the role include

- Play a full and proactive role within a multi-disciplinary EY team in supporting the various client engagements which may span across appraisal valuation, embedded value, product development, statutory reporting, economic capital etc.

- Build appropriate Excel / Prophet model for the above mentioned projects allowing for client product features and relevant regulations

- Develop an effective working relationship with key contacts within firms through clear communication and by providing constructive, robust and timely challenge

- Lend support on strands of research and Specialisms work (e.g. solvency II updates) work aimed at providing key insights to help our clients / consultants

- As part of the team, provide consistent high quality technical challenge in identifying and helping to resolve technical issues faced by other team members

- Develop cutting edge proposals for winning new and different clients /engagements

- Work closely with the team to develop consistent standards and best practice

- Sharing knowledge in a timely and effective way by submitting regularly to the knowledge database

- Contribute to wider opportunities within EY and to raising its profile externally e.g. taking an active role in writing articles for The Actuary

Which Essential & Desirable skills are required-

Essential

Technical:

- Develop and maintain deep technical knowledge in Prophet and Excel modelling skills

- Develop and maintain latest developments in Prophet/Excel and various modelling techniques

- Present internally and externally on areas of technical specialist knowledge

- Develop reports and presentations for the client

Good technical understanding of at least one of the following areas

- Economic Capital

- MCEV/ EV

- MCEV challenge to managers and colleagues on various approaches to modelling/solutions

- Proven communication and interpersonal skills, including the ability to put across complex technical issues and solutions to non-actuaries.

- Good team player.

Behavioural:

- Proven ability to balance priorities and manage a large number of competing demands to agreed deadlines and to the required level of quality.

- Ability to give/receive constructive feedback

- Self-motivated, uses own initiative and is outcome-focused.

- Dealing constructively with uncertainty and ambiguity.

Desirable

- Good working knowledge of the relevant actuarial concepts and methodologies

- Confidence in speaking and expressing views through a variety of platforms like publications (internal/external), seminars etc.

- Good knowledge of regulations (IRDA/IAI/IoA)

- Statutory Valuation/ Accounting reporting

- Pricing

People skills:

- Proven communication and interpersonal skills, including the ability to put across complex technical issues and solutions to non-actuaries.

- Good team player.

Behavioural:

- Proven ability to balance priorities and manage a large number of competing demands to agreed deadlines and to the required level of quality.

- Ability to give/receive constructive feedback

- Self-motivated, uses own initiative and is outcome-focused.

- Dealing constructively with uncertainty and ambiguity.

Desirable

- Good working knowledge of the relevant actuarial concepts and methodologies

- Good knowledge of regulations (IRDA/IAI/IoA)