EY FS - Risk Consulting Actuarial CAT Modelling- Senior 

India, Karnataka, Bengaluru 

96693731

Your key responsibilities

On engagements, you will:

• Be responsible for providing high-quality results and generating effective solutions while working alongside Senior Consultants, Managers, or Senior Managers in delivering the project.
• Provide focused solutions and training to staff members.
• Ensure all engagements are delivered on time.
• Deliver engagements in line with our values and commitment to quality, ensuring that work meets high standards.
• Establish/manage priorities, communicate the status of activities, and accumulate/report all chargeable hours.

Within the actuarial practice you will:

• Collect and assess catastrophe exposure data, ensuring data quality and the necessary assumptions for risk modeling.
• Prepare and analyze data and modeling results for portfolio management and reinsurance renewal projects.
• Evaluate changes in exposures and their impact on catastrophe model results, effectively communicating findings to internal stakeholders.
• Model probability distributions of gross, ceded, and net results using RMS or other vendor catastrophe modeling software.
• Analyze how result distributions and relevant risk measures vary with different reinsurance program alternatives.
• Contribute to the development and enhancement of proprietary catastrophe modeling and mapping tools.
• Lead internal catastrophe modeling projects and initiatives.
• Review monthly reports to assess and manage exposure strategies and ongoing portfolio optimization.
• Conduct risk analytics, including the development of analytical tools and support for risk analysis.
• Familiarity with RMS, AIR, ARIUS, Alteryx, IGLOO, ResQ, or other actuarial general insurance software is preferred but not required.
• Stay updated on current business and economic developments relevant to the industry and geography.

To qualify for the role, you must have

• 4+ years of CAT modeling experience, with in-depth knowledge of the underlying model methodologies and assumptions.
• An understanding of the insurance industry and product lines.
• Technical expertise working with RMS or other catastrophe models.
• Superior data management skills, with the ability to manipulate, interpret, and extrapolate complex data.
• Strong communication and presentation skills, with the ability to translate complex technical analysis and concepts into easily understandable terms.
• The ability to multi-task and a flexible work attitude, along with good analytical skills.
• Experience in handling a small 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

• A strong academic background with a bachelor’s degree emphasizing actuarial science, mathematics, statistics, or finance, ideally supplemented with a professional qualification.
• Strong written and verbal communication skills for report writing, industry studies, and stakeholder presentations.
• Overseas exposure (US/UK/Australia market experience).

What we look for

• Deep knowledge and experience in the insurance industry and/or consulting. Relevant recent Big 4 experience in leading actuarial engagements with recognized insurers will be an advantage. This should ideally be complemented by employment experience within the insurance sector, either at an insurer, intermediary, or regulator.
• Up-to-date knowledge of the regulatory environment impacting insurers and other financial service organizations.
• Experience in supporting teams to deliver high-quality, timely results, actively building relationships, and promoting a collaborative culture when working with colleagues.

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.