EY FS-Risk Consulting- Actuarial- Senior 

India, Karnataka, Bengaluru 

884441078

Your key responsibilities

On engagements, you will:

• Calculate the overall Solvency Capital Requirement (SCR) for an asset portfolio and individual risk charges under regulations such as Solvency II and Risk Based Capital 2.
• Develop new models and tailor existing models for performing valuations of non-traditional / illiquid assets.
• Perform eligibility analysis for infrastructure investments under Solvency II.
• Perform extensive market research to evaluate capital implications for different investment strategies.
• Perform experience studies on valuation, methodology and assumptions.
• Develop solutions for sustainable finance and climate change risk modelling.
• Develop tools for various purposes such as SCR calculation, matching adjustment, valuation of assets.
• Be responsible for providing high quality results and generating effective solutions working along with seniors, managers and senior managers in delivering the project.
• Manage priorities, communicate with clients and stakeholders, and maintain/develop productive working relationships with stakeholders and other team members.

Within the actuarial practice you will:

• Ensure that all statutory and company regulations are followed while processing work to protect clients’ and the business’ interests.
• Contribute ideas and suggestions for improvements to processes.
• Train and share knowledge with colleagues.
• Make steady progress with appropriate professional examinations as agreed with line manager and with the support of the company.
• Stay informed of current business and economic developments relevant to the industry and geography
• Document and communicate steps and processes used to arrive at the results and maintaining a high quality of deliverables.
• Investigate models and reporting processes and independently solve problems.
• Perform cleaning, processing, working with large data sets, identifying inconsistencies in the data and preparing it for valuation process.
• Carry out all other reasonable requests and objectives to an acceptable standard within agreed timescales.
• 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.

To qualify for the role, you must have

• 3-5 years of experience in Life Insurance or Investments
• Basic knowledge of Solvency II, Risk Based Capital 2, market risk, product cash flows, valuations and modelling.
• Life actuarial valuation, modelling, experience analysis or reporting experience
• Understanding of traditional and illiquid asset classes such as Equity Release Mortgages, Derivatives etc.
• (Desirable) Modelling experience on any of the following: Excel, VBA, R, Python
• (Good to have) Basic knowledge of Environmental, Social and Governance investments and sustainable finance.

What we look for

• Life actuarial / investments / related background
• Deep knowledge and experience of the insurance industry and/or consulting.
• Up to date knowledge of the regulatory environment impacting insurers and other financial service organizations.
• Experience of supporting teams to ensure high quality and timely delivery, actively building relationships and promoting a collaborative culture when working with colleagues.
• Strong academic background with a bachelor's degree with an emphasis on actuarial science, mathematics, statistics or finance related discipline.
• Strong written and verbal communication skills for report writing and stakeholder presentations.

What we offer

EY Global Delivery Services (GDS) is a dynamic and truly global delivery network. We work across six locations – Argentina, China, India, the Philippines, Poland and the UK – and with teams from all EY service lines, geographies and sectors, playing a vital role in the delivery of the EY growth strategy. From accountants to coders to advisory consultants, we offer a wide variety of fulfilling career opportunities that span all business disciplines. In GDS, you will collaborate with EY teams on exciting projects and work with well-known brands from across the globe. We’ll introduce you to an ever-expanding ecosystem of people, learning, skills and insights that will stay with you throughout your career.

• 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.