1 Capitalrisk Modeling Jobs

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. Senior, P&C Actuarial, EY GDS Consulting 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 to join our General Insurance Actuarial Practice delivering solutions to the leading clients in the Insurance Sector, working closely with other Staff/Assistants, Consultants/Seniors, Managers, Senior Managers, or Client partners in EY's global network of insurance sector and consulting professionals. Within our talented and dynamic Actuarial team, the members work on multiple client engagement teams that perform actuarial model building and validations, reserving (actuarial liability estimation), due diligence, premium calculation, valuation analysis for IFRS, GAAP, and Statutory calculations and review, capital/risk modeling, and other related actuarial projects for General and Health insurance businesses. The team members also receive on-the-job training to acquire practical experience in addressing business/technical issues and in applying industry knowledge and EY policies/procedures on client engagements. The position is designed to enable the member to pursue actuarial exams while developing the basic skills needed to be a successful actuarial consultant, combining both excellent learning and career opportunities. Our growing team of professionals come from a diverse background, all committed to being long-term trusted advisors to our clients. Your key responsibilities As a Senior within the Actuarial team, your role involves developing and implementing solutions both within the Insurance service line and in collaboration with other service lines. On engagements, you will: - Be responsible for providing high-quality results and generating effective solutions working along with Senior Consultants, Managers, or Senior Managers in delivering the project. - Provide focused solutions and training to Staff members. - Be responsible for ensuring all engagements are delivered within time. - Deliver engagements in line with our values and commitment to quality and ensuring that work is of high standards. - Establish/manage priorities, communicate the status of activities, and accumulate/report all chargeable hours. Within the actuarial practice you will: - Perform actuarial liability estimation for general insurance lines of business which involves data preparation, data loading to tools, analysis of liabilities, and presenting results. - Analyze the historical claims data and identify potential issues and trends and report the findings. - Perform valuation of reserves through IBNR models using the data supplied for estimation. - Have a working knowledge of different loss projection methods and their applications along with the familiarity of different property and casualty lines of business. - Review data, methodologies, assumptions, results and benchmark against the market. - Assess technical provisions and standard formula/ other capital calculations. - Perform large loss analysis, rating factor analysis, and CAT benchmarking. - Perform ad-hoc research and development requests as required. - Prepare reports/memos sent to stakeholders showing results of the analysis. - Maintain a strong focus on finishing Actuarial exams along with developing a strong subject matter expertise. - Conduct risk analytics including the development of analytical tools, analysis of insurance risk, and general support for any risk analytics in the company. - Stay informed of current business/economic developments relevant to the industry/geography. 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 organizations. 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: - 3+ years of experience in the General Insurance industry, either within a consulting firm or an Insurer or an organization providing Insurance services (such as reserving, capital modeling, pricing, rate filling, CAT modeling, IFRS17, technical provision, Solvency II, and risk management). - Ability to multitask and flexible work attitude packed with good analytical skills. - Experience of 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. - Good exam progress. Ideally, you'll also have: - Strong academic background with a bachelor's degree with an emphasis in actuarial science, mathematics, statistics, or finance related supplemented ideally with a professional qualification. - Strong written and verbal communication skills for report writing, industry studies, and stakeholder presentations. - Overseas exposure (US, UK market experience). What We Look For Deep knowledge and experience of the insurance industry and/or consulting. Relevant recent big 4 experience in leading actuarial engagement with recognized insurers will be an advantage. This ideally should 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 of supporting teams to high-quality timely delivery, actively building relationships and promoting a collaborative culture when working with colleagues. 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.,