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

Location: New York, Chicago, Philadelphia, Charlotte, Hartford, Boston

At EY, we’re all in to shape your future with confidence.

We’ll help you succeed in a globally connected powerhouse of diverse teams and take your career wherever you want it to go. Join EY and help to build a better working world.

• Senior Manager
• Financial Services
• Insurance and Actuarial Advisory Services
• Modeling
• Advisory

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. If you have a passion for rallying together to solve complex challenges, then come join our dynamic FSO team!

The opportunity

Put simply, our actuarial advisers deliver creative and innovative thinking to clients worldwide, supporting them in making confident financial judgements in support of their business goals. Here, you’ll be right at the heart of that mission, leading engagement teams, working directly with clients, mentoring and developing team members and building your personal brand as a leader in your field.

Your Key Responsibilities

It’s all about providing the knowledge our clients need to execute strategies and resolve complex issues. We’ll look to you to 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

You’ll support key actuarial modeling practice priorities, focusing on driving innovation, expanding business opportunities, and enhancing market outreach. You’ll collaborate with other practice leaders, both actuarial and non-actuarial, for go-to-market and development of cross-service offerings.

Skills And Attributes For Success

• Consistently deliver quality client services and 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.
• 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.

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
• 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

Ideally, you’ll also have

• 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

What We Look For

We’re most interested in intellectually curious actuaries with a clear passion for actuarial work. You’ll also need to be a great communicator, as well as flexible in the face of often rapidly changing projects.

What Working At EY Offers

We offer a competitive compensation package where you’ll be rewarded based on your performance and recognized for the value you bring to our business. In addition, our Total Rewards package includes medical and dental coverage, pension and 401(k) plans, and a wide range of paid time off options. Under our flexible vacation policy, 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.

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.

About EY

As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. So that whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.

Join us in building a better working world.

Apply now if you can confidently demonstrate that you meet the criteria above.

EY, an equal employment opportunity employer (Females/Minorities/Protected Veterans/Disabled), values the diversity of our workforce and the knowledge of our people.

What We Offer You

At EY, we’ll develop you with future-focused skills and equip you with world-class experiences. We’ll empower you in a flexible environment, and fuel you and your extraordinary talents in a diverse and inclusive culture of globally connected teams. Learn more.

• We offer a comprehensive compensation and benefits package where you’ll be rewarded based on your performance and recognized for the value you bring to the business. 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. In addition, our Total Rewards package includes medical and dental coverage, pension and 401(k) plans, and a wide range of paid time off options.
• Join us in our team-led and leader-enabled hybrid model. Our expectation is for most people in external, client serving roles to work together in person 40-60% of the time over the course of an engagement, project or year.
• Under our flexible vacation policy, 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.

Are you ready to shape your future with confidence? Apply today.

EY accepts applications for this position on an on-going basis.

For those living in California, please click here for additional information.

EY focuses on high-ethical standards and integrity among its employees and expects all candidates to demonstrate these qualities.

EY | Building a better working world

EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.

Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow.

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