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- Tasks: Join EY as a Senior Consultant and lead impactful projects in the insurance sector.
- Company: EY is a global leader in consulting, dedicated to building a better working world.
- Benefits: Enjoy flexible working, competitive pay, and a comprehensive rewards package tailored to your needs.
- Why this job: Be part of a diverse team that values your unique perspective and fosters continuous learning.
- Qualifications: Must have a strong background in General Insurance and professional actuarial qualifications.
- Other info: Applications will be reviewed in the New Year; apply now to kickstart your career!
The predicted salary is between 43200 - 72000 £ per year.
This job is brought to you by Jobs/Redefined, the UK’s leading over-50s age inclusive jobs board.
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.
Our current hiring activity is on hold until after the Christmas period. We will be reviewing all applications in the New Year.
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 uniqueness 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 best in the class 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.
This means that there are a wide range of opportunities to support your growth 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);
- You will consistently contribute to improving operational efficiency on projects and internal initiatives, consistently driving projects to completion making sure that the work delivered is best in class.
- Assist in responding to client proposals.
- Working closely with colleagues, you will create a positive learning culture and coach and counsel junior team members and help them to develop.
- Play a role in team administration tasks – such as feedback, counselling, finance, recruitment, learning, etc.
To qualify for the role you must have
- Successful track record in General Insurance, gained through working for a Provider directly or a top tier consultancy or a specialist financial services consultancy
- Strong academic record including a degree and full professional actuarial qualifications, i.e. IFOA or similar
- Specifically, you will have experience in at least two 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
- Excellent communicator in range of situations both written and oral
- 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
We are looking for candidates who are excited about helping Insurance companies 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.
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.
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
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Senior Consultant, Non-Life, Actuarial employer: EY
Contact Detail:
EY Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Consultant, Non-Life, Actuarial
✨Tip Number 1
Familiarize yourself with the latest trends and developments in the General Insurance sector, especially regarding Solvency II and capital modelling. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly changing market.
✨Tip Number 2
Network with professionals in the actuarial field, particularly those who work at EY or similar firms. Attend industry events or webinars to connect with potential colleagues and gain insights into the company culture and expectations.
✨Tip Number 3
Prepare to discuss specific examples from your past experience that showcase your consulting skills and ability to manage client relationships. Highlight instances where you've successfully navigated complex projects or improved operational efficiency.
✨Tip Number 4
Demonstrate your teamwork abilities by sharing experiences where you've collaborated with diverse teams. EY values a strong team player, so be ready to discuss how you've contributed to a positive learning culture and supported junior team members.
We think you need these skills to ace Senior Consultant, Non-Life, Actuarial
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in General Insurance and showcases your professional actuarial qualifications. Emphasize any relevant projects or roles that align with the responsibilities mentioned in the job description.
Craft a Compelling Cover Letter: Write a cover letter that reflects your passion for the insurance industry and your desire to help companies improve their operations. Mention specific experiences that demonstrate your consulting skills and ability to work with senior executives.
Highlight Communication Skills: Since excellent communication is key for this role, provide examples in your application of how you've effectively communicated with various stakeholders, especially at senior levels. This could include presentations, reports, or client interactions.
Showcase Team Collaboration: Illustrate your ability to work as part of a team by sharing examples of successful collaborations in previous roles. Highlight any mentoring or coaching experiences you have had with junior team members, as this is an important aspect of the position.
How to prepare for a job interview at EY
✨Showcase Your Technical Expertise
Be prepared to discuss your experience in general insurance, particularly in areas like independent reserve reviews and Solvency II. Highlight specific projects you've worked on and the impact of your contributions.
✨Demonstrate Strong Communication Skills
Since the role involves presenting to senior executives and board members, practice articulating complex actuarial concepts clearly and confidently. Use examples from your past experiences to illustrate your communication style.
✨Emphasize Team Collaboration
EY values teamwork, so be ready to share examples of how you've successfully collaborated with colleagues across different functions. Discuss how you’ve mentored junior team members and contributed to a positive learning culture.
✨Prepare for Client Interaction Scenarios
Expect questions about managing client expectations and delivering on project timelines. Think of instances where you navigated challenging client relationships and how you ensured successful outcomes.
