FS-Business Consulting-Actuarial-Senior Manager - Noida, India - EY

Description

At EY, you'll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we're counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.

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

Global Delivery Services is one of EY's greatest global assets – a network of service delivery centers that provide high-quality services at a competitive cost for all EY's client serving and enablement teams. Every day, we combine our subject matter expertise with our technology and automation skills to develop new solutions that deliver greater value for EY. If you have a passion for enabling world class actuarial services globally to solve the most complex challenges in the financial services industry, come join our dynamic GDS team

The opportunity

We are looking for a Senior Manager to join our Life Insurance IFRS17 Actuarial Practice delivering solutions to the leading clients in Insurance Sector, working closely with other Consultants/Seniors, Managers, Senior Managers or Client partners in EY's global network of insurance sector and consulting professionals.

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.

Our growing team of professionals come from a diverse background, all committed to being long term trusted advisors to our clients.

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.

Skills and attributes for success

Skills and attributes for a successful career at EY require a learning mindset and passion to add value to GDS, member firms and client organisations. Bright and enthusiastic individuals who give their all to each assignment they work on will find themselves at home within our energetic GDS actuarial team.

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 | Building a better working world

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.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.