EY FS-Business Consulting-Actuarial-Senior Manager 

India, Karnataka, Bengaluru 

64420436

Role name and description

Senior Manager, IFRS17, Life Actuarial, EY GDS Consulting

• Lead a diverse, highly motivated and collaborative team
• Be part of a high-performing, supportive culture
• Work with a team of collaborators, innovators and the brightest minds in the industry

You can expect to work along with directors/partners to support large scale engagements and deliver high-quality client solutions. You will develop and maintain long-term relationships and networks, build and energize a high performing team.

Key Requirements

As a Manager within the IFRS17 Actuarial team your role involves developing and implementing solutions both within the Insurance service line and in collaboration with other services lines.

• Good understanding of IFRS17 standards; hands-on implementation experience (desirable)
• Good understanding of the Prophet interface including Prophet objects like Accumulations, Structures, Enumerations and libraries like Summary, IFRS library etc.
• Strong hold on the development and/or modification of Extended formulas, both normal and t-dependent
• Good understanding of the IFRS 17 transition approaches and their requirements including FRA, MRA and FVA
• Ability to maneuver around existing modeling setup to incorporate the IFRS 17 cashflows
• Understanding of AoC concept and AoC steps (unwinding, roll forward, assumption changes, experience variances)
• Strong excel skills, capable of running and modifying macros used to transform Actuarial Cashflows
• Ability to develop regression models on excel to test the model developments like reconciliation of IFRS 17 BEL, Policy Loan cashflows, RA etc.
• Assessing the different possible Allocation drivers for allocating cashflows at an entity or Portfolio level into the ICG level
• Experience in creating Array formulas, dimensions and Variable groups in Prophet
• Ability to develop regression models on excel to test the model developments like reconciliation of IFRS 17 BEL, Policy Loan cashflows, RA etc.
• Assessing the different possible Allocation drivers for allocating cashflows at an entity or Portfolio level into the ICG level
• Experience in creating Array formulas, dimensions and Variable groups in Prophet
• Project management experience and ability to handle teams and multiple stakeholders
• Hands-on experience in actuarial valuation software such as Prophet / Axis / MG Alpha. Advanced level experience in one of these softwares will be valuable
• In-depth understanding of insurance products and regulations of one or more geographies
• 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

• 12+ years of experience in valuation / reporting / pricing or modelling function in life actuarial team of an insurance / consulting / outsourcing company
• Ability to multi-task and flexible work attitude packed with good analytical skills
• Experience of handling a moderate sized team will be an advantage
• Proficiency in MS-Office Suite, VBA, SAS, R Programming, Python, SQL, SPSS, etc., will be a plus

Ideally, you’ll also have

• Good actuarial exam progress
• Strong written and verbal communication skills for report writing, industry studies and stakeholder presentations
• Ability to review work done by junior members, ensuring quality of work product during time sensitive deadlines
• The ability to build relationships with colleagues across the business, support them and promote a collaborative environment
• Overseas exposure (especially Australia/UK/US/Europe market experience)

What we look for

• Up to date knowledge of the regulatory environment impacting insurers and other financial service organisations
• Experience of supporting teams to high quality timely delivery, actively building relationships and promoting a collaborative culture when working with colleagues

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.

EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.