EY Salaried Partner - Non Life Actuarial 

United Kingdom, England, Bristol 

411641809

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.