Senior Consultant - Financial Services - Insurance and Actuarial Advisory Services - Modeling

About the role

EY is a leader in serving the global financial services marketplace and the only professional services firm with a separate business unit dedicated to the financial services industry – the Financial Services Organization (FSO). Our purpose is to help build a financial services industry in which financial institutions are trusted and flourish, and the global economy is healthy, growing, and secure.

Responsibilities

• Play significant roles in client engagement teams in the financial modeling area of our practice, in a wide variety of projects including: Model development and optimization, Model validations and efficiency assessments, Actuarial transformation, Mergers and Acquisitions, Financial and regulatory reporting

Requirements

• A bachelor’s degree in Actuarial Science, Mathematics, Statistics or another related major
• Approximately 3+ years of relevant experience
• Familiar with at least one prominent actuarial modeling software platforms, including but not limited to: Moodys GGY AXIS, FIS Prophet, Milliman ALFA/Integrate, Aon Benfield PathWise, Slope, PolySystems, among others
• Strong writing, presentation, conceptual, analytical, project management, and interpersonal skills
• A proven ability to manage time while working on multiple, often shifting, projects, and the confidence to work both collaboratively and independently under pressure
• Willingness and ability to travel to meet client needs

Qualifications

• Familiar with at least two key platform library coding modules specific to actuarial modeling platforms (asset, liability, economic-related modules)
• Familiar with solution design and translation of business requirements into modeling solutions
• Familiar with model staging and development, including coding, data transformation and prep, batch creation and automation, assumption management, and extraction/manipulation of model output
• Familiar with model development lifecycle processes and activities, including model change management, unit and user acceptance testing procedures
• Knowledge of US Life, Health and Annuity products, including prominent features, product dynamics, and key modeling considerations. Associated regulations, including STAT/GAAP reporting with considerations of emerging frameworks (such as VM-22)
• Familiar with asset modeling and ALM-related concepts, including asset model staging, processing data from externally projected asset sources, asset/liability interaction modeling, reinvestment modeling, and management of run time/fidelity trade-offs
• Experience with open-source coding paradigms such as Python, R, Julia, others
• Project management experience and ability to handle teams and multiple stakeholders

Skills

• Drive high-quality work products within expected timeframes and on budget
• Monitor progress, manage risk and ensure key stakeholders are kept informed about progress and expected outcomes
• Stay abreast of current business, regulatory and industry trends relevant to the client's business
• Assist clients in tackling unique and complex business issues through innovative solution development, leadership and a strong EY team
• Cultivate and manage business development opportunities, understanding EY and its service lines and actively assessing ways to serve clients
• Develop and maintain long-term client relationships and networks
• Develop relationships with team members across all EY practices to serve client needs
• Demonstrate in-depth technical capabilities and professional knowledge with the ability to quickly assimilate new knowledge
• Possess good business acumen and remain current on new developments in advisory services capabilities and industry knowledge
• Understand and communicate complex actuarial issues
• Stay informed of and apply professional standards and firm policies (e.g., Actuarial Standards of Practice)
• Develop a strong personal brand and enhance the EY brand by writing articles, participating in industry groups and speaking at seminars
• Foster an innovative and inclusive team-oriented work environment, counseling and mentoring junior consultants within the organization
• Provide constructive feedback and coaching to team members in real time

Benefits

To qualify for the role, you must have:

• A bachelor’s degree in Actuarial Science, Mathematics, Statistics or another related major
• Approximately 3+ years of relevant experience
• Familiar with at least one prominent actuarial modeling software platforms, including but not limited to: Moodys GGY AXIS, FIS Prophet, Milliman ALFA/Integrate, Aon Benfield PathWise, Slope, PolySystems, among others
• Strong writing, presentation, conceptual, analytical, project management, and interpersonal skills
• A proven ability to manage time while working on multiple, often shifting, projects, and the confidence to work both collaboratively and independently under pressure
• Willingness and ability to travel to meet client needs

Pay

The base salary range for this job in all geographic locations in the US is $110,500 to $202,700. The base salary range for New York City Metro Area, Washington State and California (excluding Sacramento) is $132,600 to $230,400. Individual salaries within those ranges are determined through a wide variety of factors including but not limited to education, experience, knowledge, skills and geography.

Schedule

We offer a flexible vacation policy where you'll decide how much vacation time you need based on your own personal circumstances. You'll also be granted time off for designated EY Paid Holidays, Winter/Summer breaks, Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.