Salaried Partner - Non Life Actuarial jobs at Ey in United Kingdom, Bristol

London or Bristol

• retail sector– there are opportunities to work alongside other Insurance professionals with different backgrounds to support all client needs.
• Growing retail is a core part of our overall strategy to build on the significant investment from the EY firm to support UK retail. With support from UK leadership, we have plans to grow our footprint further in this space over the coming years.
• Our Motor and Household Insurance Seminars provide insights and are noted by the Retail market as a differentiator and regularly discussed by our clients’ C-suites and investors.
• There are significant opportunities to grow the portfolio linked to pricing, actuarial transformation, claims and wider analytics.
• EY have a market leading transformation practice in Retail insurance and the actuarial team play an integral role in supporting this practice.
• We have also onboarded new Retail clients through audit transitions, which gives us access to market insights / key individuals at clients to build relationship and leverage our knowledge to consulting clients.
• This growth is supported by a mature portfolio of annuity reserving / Audit revenue from the wider Non-Life Actuarial team.

It is a chance to shape the future growth of the team whilst benefitting from being part of, and having the full support of, a wider, established, actuarial team which has a strong reputation in the market and all the advantages of being part of a "Big 4 firm" with multi-service-line offerings.

We have capabilities broader than the conventional actuarial fields of traditional reserving, capital, pricing and modelling: we also operate as part of wider consultancy projects embracing strategy, risk management, analytics, stochastic reserving, economic capital, capital optimisation, Solvency II and UK, and IFRS 17 and other prudential regime changes.

We are at the forefront of these areas, with best in class tools and knowledge, built up over several years. Our business model ensures that:

• Our expertise extends beyond boutique actuarial consultancies;
• Our team and our people have autonomy to lead the direction of the business and win the right opportunities;
• We leverage the synergies of being part of broader European and Global actuarial teams;
• We enjoy the advantages of being part of a "Big 4 firm" with multi-service-line offerings; and
• Our people enjoy the benefits of being able to participate in a wide variety of actuarial and insurance work; combining audit, audit-related and non-audit projects with a global client reach.

Your key responsibilities

• Elevate EY’s Retail brand with our clients through a combination of Thought Leadership and external events.
• Business development; including the development of long-term trusted advisor relationships with our clients across the C-suite (CEO, CFO, CRO, and Chief Actuary). You will develop meaningful propositions around the biggest challenges in the market, lead pursuits and RFP responses.
• Lead large and complex engagements including audits from strategy to execution, whilst providing insights to our clients and working with other EY teams.
• Effectively leverage your knowledge and experience to support the delivery of key Actuarial projects, nurture valuable relationships both within EY and with clients, and develop strong capabilities through both formal training and working with senior mentors and talented colleagues.
• Build and lead high performing teams, coaching, mentoring and serving as a role model for our people, and supporting and fostering a positive learning culture.
• Contribute to the running of the Actuarial team, input into strategy and lead key initiatives.
• Support and lead team operations to ensure team development; feedback, strategy, counselling, finance, and recruitment.

Skills and attributes for success

We are looking for people with a track record of developing and delivering new business opportunities within a consulting environment. Candidates should have:

• Deep knowledge of the UK retail sector.
• Technical and Industry Expertise – Understanding of the current market and regulatory environment and how this is affecting General Insurance companies and their operating model.
• Strong client management skills to lead the dialogue with client project sponsors and fully manage expectations of delivery, content, timescales and cost.
• The ability to build and manage close clients relationships.
• The ability to identify and mitigate risks on engagements.
• Drive and enthusiasm to lead combined with a desire to collaborate, whilst making your presence felt within our collegiate team.
• Development of ideas - Play your part in the development of intellectual property to support sales-oriented client interaction.
• People - Develop people through effectively supervising, coaching, and mentoring.

To qualify for the role you must have some or all of the following:

• Significant actuarial experience in leading-edge UK retail insurance (e.g. motor, household and/or other retail), gained through working for an insurer directly or a top tier consultancy or a specialist financial services consultancy.
• Strong academic record including a degree and professional actuarial qualifications (IFoA or similar).
• Have deep experience covering at least three of the following areas:
  • Reserve reviews under different accounting bases for retail general insurance business;
  • Actuarial analysis to support audits;
  • Reserving process improvement and development work;
  • Pricing – model development, review of segmentation and profitability, or process improvement;
  • Development or review of Solvency II technical provisions and associated processes;
  • The business planning process, linking reserving, pricing, claims and underwriting, or
  • The review of Solvency II internal models and associated processes
• Excellent leadership and interpersonal skills with demonstrable experience of building high performing teams and nurturing talent.
• Awareness of the emerging technology trends within the actuarial space.
• Exceptional communication, presentation, business writing and professional skills, including being able to liaise with both technical and business contacts at our clients.
• Ability to successfully deliver multiple engagements, exceed client expectations, manage commercial aspects (e.g. contracts, billing and budgets), and manage quality and risk.
• Ability to engage with senior stakeholders and manage large cross functional projects.
• Intellectual strength / flexibility to rapidly understand complex problems and rationalise these into workable solutions which can then be delivered.
• Be a problem solver; tailoring what you have learnt from your experiences to date to different client problems to help design and implement the solution.

What we look for

You’ll thrive on being a numerate, rationale thinker with a passion for this field and have very strong attention to detail.

What we offer

We offer a competitive remuneration package where you’ll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions. Plus, we offer:

• Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

We want actuaries who are not just great technicians but brilliant consultants. Actuaries who can build networks, spot industry trends and solve industry problems. If you are interested, please read on and apply.

The work we deliver is broad, and includes:

• Traditional reporting and audit support
• Mergers & acquisitions, both buy and sell side due diligence
• Capital management, including regulatory support such as Internal Model reviews/applications and strategic change, such as optimisation, Part VII transfers and independent expert support
• Transformation including accounting change and operational change
• Technology change including analytics, automation and ML/AI
• Investment advisory, supporting both insurers and asset managers interfacing with insurers

Your key responsibilities

• You will manage the delivery of key projects for our clients on a wide range of topics
• You will manage the operational metrics on projects, including working through resourcing, budgeting and scoping with the senior team and clients
• You will create innovative and commercial insights for clients, adapt methods and practices to fit operational teams and cultural needs, and contribute to thought leadership
• You will contribute to and manage the delivery of improving operational efficiency on projects and internal initiatives, consistently driving projects to completion making sure that the work delivered is best in class
• You will be expected to manage your time and be responsible for delivering to both clients and internal stakeholders, keeping a clear focus on anticipating and identifying risks, and escalate issues as appropriate
• Working closely with colleagues, you will create a positive learning culture and coach and counsel junior team members and help them to develop
• You will contribute to the development of EY capabilities in technical areas and engage with clients regarding the application of these methodologies to their businesses
• You will collaborate with colleagues outside of UK Life Actuarial to deliver multi-disciplinary and cross-geographical work

Skills and attributes for success

• Strong technical / mathematical skills
• Good communication and project management skills
• Very keen attention to detail
• Good people skills, including ability to work effectively in teams, guiding more junior members of staff and influencing senior team members
• Able to work independently and to demonstrate initiatives and commitment to assigned projects

To qualify for the role you must have

• Successful track record in Life insurance, gained through working for a provider directly or a top tier consultancy or a specialist financial services consultancy
• A degree and Fellowship in the Institute and Faculty of Actuaries (FIA) or other internationally recognized professional actuarial association
• Experience managing a team and running a range of projects, including being responsible for the project management

What we offer
We offer a competitive remuneration package where you’ll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions. Plus, we offer:

• Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

Apply now.

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