Senior Manager - 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 focused model and bold ambition have put us at the center of events that continue to reshape and redefine our industry, working side by side with a range of clients from our most venerable institutions to dynamic new entrants across Banking and Capital Markets, Wealth and Asset Management, Insurance, and Real Estate, Hospitality and Construction. 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

• Lead engagement teams, working directly with clients
• Mentor and develop team members
• Build your personal brand as a leader in your field
• 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

• Consistently deliver quality client services and high-quality work products within expected timeframes and on budget
• Assist clients in tackling unique and complex business issues using your experience, innovative solution development, leadership and a strong EY support 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
• Foster an innovative and inclusive team-oriented work environment. Play an active role in counselling and mentoring junior consultants within the organization. Provide constructive feedback and coaching to team members in real time
• 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

Qualifications

• A Bachelor’s degree in Actuarial Science, Mathematics, Statistics or another related major
• Approximately 8+ years of relevant experience, including at least 4 years of people and/or project management
• Fellowship in the Society of Actuaries
• Strong knowledge of at least one prominent actuarial modeling software platform 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

Desired Qualifications

• Prior experience with key platform library coding modules specific to actuarial modeling platforms worked with previously (asset, liability, economic-related modules)
• Solution design expertise, with the ability to effectively translate business requirements into modeling solutions
• Proficient in model staging and development skill sets, including coding, data transformation and prep, batch creation and automation, assumption management, and extraction / manipulation of model output
• Proficient in 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) are also encouraged.
• Experience 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
• Experience with leading and overseeing actuarial modeling projects, including model development, validation, and optimization

Benefits

To qualify for the role, you must have a Bachelor’s degree in Actuarial Science, Mathematics, Statistics or another related major, approximately 8+ years of relevant experience, including at least 4 years of people and/or project management, Fellowship in the Society of Actuaries, and strong knowledge of at least one prominent actuarial modeling software platform including but not limited to: Moodys GGY AXIS, FIS Prophet, Milliman ALFA/Integrate, Aon Benfield PathWise, Slope, PolySystems, among others.

Pay

The base salary range for this job in all geographic locations in the US is $171,000 to $390,600. The base salary range for New York City Metro Area, Washington State and California (excluding Sacramento) is $205,100 to $443,800. 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.