Senior Manager – Ernst & Young

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Senior Manager – Non-Life Actuarial – Specialty / Retail Reserving, London

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 have ambitious and exciting growth plans for our business. We are looking for someone with deep specialty and / or UK retail reserving knowledge to join the team.

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 our clients which recognise the uniqueness of our clients’ portfolios and needs.

This role offers exceptional opportunities for personal growth and advancement, to develop your wider business knowledge, and to build internal and external relationships across disciplines and across borders.

We have capabilities broader than the conventional actuarial fields of traditional reserving, capital, 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.

We are at the forefront of these areas, with best-in-class tools and knowledge, built up over several years. 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.
Our people enjoy the benefits of being able to participate in a wide variety of actuarial and insurance work, combining audit, audit-related and non-audit projects with a global client reach.
Your key responsibilities
Lead teams to manage to completion the delivery and reporting of complex projects whilst providing insights to our clients and working with other EY teams.
Present to clients at senior executive and board levels.
Lead the development of meaningful propositions and thought leadership for clients around their biggest challenges in the market and support sales-oriented client interaction.
Assist in responding to varied client proposals.
Develop strong relationships with your peers across other teams within EY and our clients.
Working closely with colleagues you will create a positive learning culture, developing and supporting the team through effective supervising, coaching, and mentoring.
Support and lead team operations to ensure team development; feedback, counselling, finance, recruitment, learning and development.
Skills and attributes for success
Knowledge – Deep knowledge of the specialty and / or UK retail sector
Communication – Strong client management to lead the dialogue with client project sponsors and fully manage expectations of delivery, content, timescales, and cost.
Client service – Manages clients’ expectations in relation to deliverables.
Risk averse – Identifies risk on the assignment, involving Director / Partner appropriately in its resolution.
Energy – Dedication combined with a desire to collaborate, whilst making your presence felt within our collegiate team.
Development of ideas – development of intellectual property to support sales-oriented client interaction.
Technical and Industry Expertise – Understanding of the current market and regulatory environment and how this is affecting retail insurers and their operating model.
People – Develop people through effectively supervising, coaching, and mentoring of staff.
To qualify for the role you must have
Significant actuarial experience in leading-edge specialty (e.g. Lloyd’s of London) or UK retail insurance (e.g. motor, household and/or other retail), gained through working for an insurer directly or a top tier consultancy or a specialist financial services consultancy.
Strong academic record including a degree and professional actuarial qualifications (IFoA or similar, qualified).
Have deep experience covering at least two of the following areas:
Reserve reviews under different accounting bases for specialty / retail business.
Actuarial analysis to support audits.
Reserving process improvement and development work.
Development or review of Solvency II technical provisions or IFRS 17 reserves and associated processes.
Reserve risk or premium risk assessment using stochastic techniques.
The business planning process, linking reserving, pricing, claims and underwriting.
The review of Solvency II internal models and associated processes.
A track record of managing actuarial projects and team members, delivering or managing multiple tasks in parallel.
Be an effective communicator and able to deal with outward-facing client management on projects.
Be able to support, coach and mentor more junior members of the team to build the wider skill set of the team.
Be commercially savvy and able to collaboratively engage in discussions on future market trends and what this may mean for our clientsBe a problem solver; tailoring what you have learnt from your experiences to date to different client problems to help design and implement the solution.
What we look for

We are looking for candidates who are excited by the opportunity to help us develop and grow a team of high performing consultants, can apply actuarial approaches through a commercial lens and are excited about helping our clients improve the way they operate.

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