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FS - Risk Consulting - Actuarial CAT Modelling- Senior

Min Experience

4 years

Location

Bengaluru

JobType

full-time

About the job

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About the role

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. The opportunity We are looking for a Senior Consultant to join our General Insurance Actuarial Practice, delivering solutions to leading clients in the Insurance Sector. You will work 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, members work on multiple client engagement teams that perform CAT modeling, actuarial model building and validations, reserving (actuarial liability estimation), due diligence, valuation analysis for IFRS, GAAP, and statutory calculations and reviews, capital/risk modeling, and other related actuarial projects for General and Health insurance businesses. 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 members to pursue actuarial exams while developing the basic skills needed to be successful actuarial consultants, combining excellent learning and career opportunities. Our growing team of professionals comes from diverse backgrounds, all committed to being long-term trusted advisors to our clients. Your key responsibilities As a Senior Consultant 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 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.

About the company

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.

Skills

cat modeling
actuarial model building
reserving
due diligence
valuation analysis
capital/risk modeling