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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.

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.

We are a market leading actuarial consultancy within the London and Bermuda market, with an unrivalled coverage of specialty insurance insights.

We perform a number of global reserve reviews and reserve reviews for over 50% of the Lloyd’s market. We are seeing a strong growth in demand for our non-life insurance, capital and transformation capabilities. We place a great focus on our people and offer a great opportunity to learn and develop in a collaborative environment.

We want actuaries who are not just great technicians but brilliant consultants. Actuaries who can build networks, spot industry trends and solve industry problems. If you are interested, please read on and apply.

The opportunity

This is an opportunity to become part of the EY non-life insurance success story. We have a strong reputation in the market for bringing our clients bespoke offerings to solve their problems.

We are more than just a conventional actuarial consultancy. While being market leaders in the traditional actuarial areas, such as reserving, pricing and capital modelling, we operate as part of the wider EY Consulting business and are seen as the heartbeat of the EY Insurance team and key to unlocking new work for the sector. These projects cover strategy, risk management, analytics, underwriting and finance transformation, implementation of technology, and capital optimisation. These projects demand an increased level of classic consulting skills - more intensive client interaction, much wider than actuarial, and up to senior executive and board level.

We are at the forefront of these areas, with leading-edge tools and knowledge, built up over several years of iteration. Our business model ensures that:

• Our expertise extends 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.

As we look to strengthen our team at the Manager level, you would be an integral part of building out the team and delivering on our growth strategy. We are looking for someone with a technical background in capital modelling as well as the skills and energy to grow as a consultant.

You will have access to a wide range of opportunities to support your growth and develop your wider business knowledge, and to nurture internal and external relationships across disciplines and borders.

We have a culture of innovation and we encourage the team to challenge status quo, you will have the opportunity to be part of our journey to improve the way we deliver to clients.

Your key responsibilities

• Manage to completion the technical delivery and reporting for projects (primarily model validation, build and capital management), providing insight to projects on technical capital matters;
• Support on wider capital-related projects such as Transactions or Finance/Actuarial transformation
• Develop and support people through effectively supervising, coaching and mentoring;
• Play your part in our internal Capital FoE, developing our tools and people to stay ahead of the market and support sales-oriented client interactions
• Run and develop our capital benchmarking surveys, including client meetings to play back results and highlight key points of interest
• Lead discussions with client contacts and manage expectations of delivery, content, timescales and cost;
• Present to clients at senior executive and board levels;
• Assist in responding to client proposals; and
• Play a role in how the team operates and develops - such as feedback, counselling, finance, recruitment, learning and development.

Skills and attributes for success

• A strong quality ethic, and ability to share knowledge and good practice.
• Dynamic capability, working with a variety of stakeholders and viewpoints.
• An ability to manage clients’ expectations in relation to deliverables.
• Excellent communicator in a range of situations both written and oral.
• Strong levels of organisation.
• A real desire to work as part of a team, and to be part of a people centric community.
• Identifies risk on the assignment, involving the Senior Manager/Director/Partner appropriately in its resolution.

To qualify for the role you must have

• Significant actuarial experience in the London Market or leading-edge UK retail insurance and will be a qualified (or very nearly qualified) actuary with degree-level qualification.
• Have deep experience in the following:
  • designing, building and parameterising capital models, ideally under Solvency II
  • embedding internal models into key business decision making, for example extending model use to business planning, reinsurance purchasing, risk monitoring, technical pricing etc
  • primary and/or independent validation of key model components and the ability to develop quantitative review tests to assess and challenge internal model parameters and output
  • designing appropriate diagnostics and preparing internal model output reports to clearly communicate internal model results to senior management / board
• Extensive experience of developing models in at least one capital modelling software platforms; Igloo, Tyche and/or Remetrica.
• You will have a track record of managing a capital modelling team or managing capital activities and projects. You will require energy and dedication combined with a desire to fit in well, yet make your presence felt within our collegiate team.
• You will need to be an effective communicator and able to deal with outward-facing client management on projects.

We are currently engaged in increasing our capacity for larger capital modelling and validation projects. This is in response to our success in the market place 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 team will be strengthened by experienced candidates who bring with them, or are willing to rapidly develop, both consulting skills and expertise in the effective business application of software.

Ideally, you’ll also have experience in

• Capital management – including assessing the methodology and sufficiency of capital buffers, managing the capital constraints of multinational groups operating in different capital regimes and experience in reinsurance and capital optimisation projects.
• Solvency II Standard formula – advising on interpretation of the Solvency II guidance for the SCR calculation under the Standard Formula
• Risk – defining appropriate risk tolerance metrics, drafting risk appetite statements, contributing to your organisation’s ORSA process
• Visualisation – using visualisation packages to identify trends and communicate key model output to senior management

What we look for
We are looking for candidates who can apply actuarial approaches through a commercial lens and are excited about helping our clients improve the way they operate - whether this is through transformation of processes, underwriting and claims analysis, or through transactions and regulatory change.

You’ll thrive on being a numerate, rationale thinker with a passion for this field and have a very strong attention to detail.

Being a strong team player is important as well as someone who is happy to work flexibly on different clients and different engagements.

We are a diverse and inclusive team; our working styles are flexible and are supportive in allowing for everyone to work in a way that meets their needs. We use technology effectively in our work to enable easy transition between office and home working where appropriate to your style.

What working at EY offers
We offer a competitive remuneration package where you’ll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions. Plus, we offer:

• Support, coaching and feedback from some of the most engaging colleagues around
• Opportunities to develop new skills and progress your career
  • The development of tools and client relationships in the capital space will help set you up for success as a future leader in our consultancy business as well as providing a solid platform for industry based roles such as a CRO or Chief Actuary
• The freedom and flexibility to handle your role in a way that’s right for you

What we offer
We offer a competitive remuneration package where you’ll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions. Plus, we offer:

• 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.

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

The exceptional EY experience. It’s yours to build.

Apply now.

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