at EY in Chicago, Illinois, United States
Job Description
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. Join us and build an exceptional experience for yourself, and a better working world for all.
The exceptional EY experience. It’s yours to build.
EY focuses on high-ethical standards and integrity among its employees and expects all candidates to demonstrate these qualities.
Manager – Financial Services – Insurance and Actuarial Advisory Services – Transactions – Advisory: This position could be located in NY, IL, NC, FL, MA, PA, CT.
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 the 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 Transactions area of our practice, in a wide variety of projects including:
+ Reinsurance strategy
+ Offshore jurisdiction regulatory (including US, Bermuda, Cayman Islands, and other jurisdictions)
+ Reinsurance entity structuring
+ Transaction pricing support
+ Transaction asset/liability strategy and optimization
+ Cedent / reinsurer target operating model
+ Cedent / reinsurer managed services
+ Reinsurance administration
+ Financial reporting (US, Bermuda, Cayman, and other jurisdictions)
+ Mergers and Acquisitions
Skills and attributes for success
+ Foster an innovative and inclusive team-oriented work environment. Play an active role in counselling and mentoring junior consultants within the organization. Provide constructive on the-job feedback/coaching to team members.
+ Foster relationships with client personnel at appropriate levels. Consistently deliver quality client services. 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. Manage expectations of client service delivery. 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 your experience, innovative solution development, leadership and a strong EY support team
+ Cultivate and manage business development opportunities. Understand EY and its service lines and actively assess/ present 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. Demonstrate ability to quickly assimilate to new knowledge. Possess good business acumen. Remain current on new developments in advisory services capabilities and industry knowledge.
+ Understand/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
+ Bachelor’s degree in Actuarial Science, Mathematics, Statistics or other related major
+ Approximately 5+ years of relevant experience, including at least 2 years of people and/or project management
+ Fellowship in the Society of Actuaries
+ Proficiency in the use of spreadsheets and familiarity with at least one actuarial-related software, including AXIS, Prophet, ALFA or MOSES,
+ Strong writing, presentation, conceptual, analytical, project management, and interpersonal skills
+ Excellent problem-solving and client-service 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
+ Previous consulting experience
+ Prior experience with reinsurance treaties, structures, and products
+ Prior experience supporting execution of onshore and offshore reinsurance strategies
+ Prior experience supporting the pricing and structuring of reinsurance arrangements
+ Familiarity with US, Bermuda and/or Cayman reinsurance market
+ Proficiency with at least one actuarial-related software, including AXIS, Prophet or ALFA
+ Proficiency with Python, R or other programming and actuarial related software
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’re using the finance products, expertise and systems we’ve developed to build a better working world. That starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. Whenever you join, however long you stay, the exceptional EY experience lasts a lifetime. And with a commitment to hiring and developing the most passionate people, we’ll make our ambition to be the best employer by 2020 a reality.
If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible
Join us in building a better wor
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