EY Senior Consultant – Actuarial, General Insurance, Reserving in London, United Kingdom

Senior Consultant – Actuarial, General Insurance, Reserving

Advisory

Requisition # LON00F5C

Post Date Nov 17, 2018

Senior Consultant – Actuarial, General Insurance, Reserving

Monday-Friday, 35 hours p/w

Salary - Competitive

Location - London, Canary Wharf, E14 5EY

Opening - 19/11/18

Closing - 18/12/18 (30 days)

We are currently market leading within the London and Bermuda market engaged to perform a number of global independent reserve reviews and reviews for over 50% of the Lloyd’s market.

We also have extensive coverage of the market in our capital modelling and Solvency II projects.

We are currently engaged in increasing our capacity in these areas. This is in response to the changing marketplace for our services. We are in a strong position to build on our existing client-base which varies by market sector, and by size. These projects are demanding an increased level of classic consulting skills - more intensive client interaction, much wider than actuarial, and up to senior executive and board level.

The opportunity

This is an opportunity to become part of the EY general insurance success story in London and across Europe.

The team have a strong reputation in the market for bringing bespoke offerings to our clients which recognise the individuality of our clients’ portfolios and needs.

We have capabilities broader than the conventional actuarial fields of deterministic reserving, 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 other prudential regime changes globally.

We are at the forefront of these areas, with market leading tools and knowledge, built up over several years of iteration.

Our business model ensures that:

  • Our competencies extend beyond boutique actuarial consultancies;

  • We leverage the synergies of being part of broader European and global actuarial teams;

  • We enjoy the advantages of being part of "Big 4 firm" multi-service-line offerings; and

  • We combine audit, audit-related and non-audit projects with a global client reach.

  • This means that there are a wide range of opportunities for you to grow and develop your wider business knowledge, and to build internal and external relationships across disciplines and across borders.

Your key responsibilities

  • Assist in the technical delivery and reporting for projects, taking ownership of at least one major workstream;

  • Assist in the dialogue with client contacts and help to manage expectations of delivery, content, timescales and cost;

  • Present, or assist senior management to present, to clients at senior executive and board levels;

  • Contribute to projects as a topic / subject matter specialist (where appropriate);

  • Play your part in the development of intellectual property to support sales-oriented client interaction;

  • Assist in responding to client proposals.

  • Develop people through effectively coaching and mentoring more junior staff; and

  • Play a role in team administration tasks - such as feedback, counselling, finance, recruitment, learning, etc.

To qualify for the role you must have

  • You will have passed most of the actuarial exams, and have a degree-level qualification (essential).

  • You will have general insurance experience gained from working either in an insurer or at an actuarial consultancy firm, or Big 4 firm (essential).

  • Your CV will evidence experience of Reserving Methodology & Governance controls gained in a professional environment (essential)

Specifically you will have experience in some of the following areas:

  • Independent reserve reviews under different accounting bases for Property and Casualty classes of business with experience of the London and Bermuda market

  • Reserving process improvement and development work

  • Development or review of Solvency II technical provisions and associated processes

  • Reserve risk assessment using stochastic techniques

  • Links between reserve assessment, pricing, claims and underwriting

  • The review of Solvency II internal models and associated processes

  • Development of risk management frameworks under Solvency II

Ideally, you’ll also have

  • Great communication skills

  • The ability to work with a variety of stakeholders at all levels

  • A real desire to work as part of a team

What we are looking for

You will also need to be an effective communicator and able to deal with outward-facing client management on projects and on-selling. You will have experience of managing projects and high performing teams.

EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a lifestyle balance.

About EY

As a global leader in assurance, tax, transaction and advisory services, we’re using the finance products, expertise and systems we’ve developed to build a better working world. That starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. Whenever you join, however long you stay, the exceptional EY experience lasts a lifetime. And with a commitment to hiring and developing the most passionate people, we’ll make our ambition to be the best employer by 2020 a reality.

If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.

Make your mark.

Apply now.

Who we are

EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a lifestyle balance.