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.
Senior 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
Our actuarial advisers deliver creative and innovative thinking to high-profile Life Insurance companies worldwide, supporting them in making confident financial judgements in support of their business goals. Here, you’ll be an actuary 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 lead 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
+ Lead large scale client engagements. 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 and industry trends relevant to the client’s business.
+ Effectively lead and motivate teams with diverse skills and backgrounds. Provide constructive on-the-job feedback/coaching to team members. Foster an innovative and inclusive team-oriented work environment. Play an active role in counselling and mentoring junior consultants within the organization.
+ Generate new business 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 deep actuarial technical capabilities and professional knowledge. Demonstrate ability to quickly assimilate new knowledge. Possess in depth business acumen. Remain current on new regulations concerning Insurance industry.
+ Demonstrate an understanding of complex actuarial concepts, discuss complex issues with the engagement team and client management, keep informed of professional standards and firm policies (e.g., Actuarial Standards of Practice), and effectively apply this knowledge to client situations.
+ Maintain a reputation as an industry expert by writing articles, taking a leadership role within industry groups, and speaking at industry events.
To qualify for the role you must have
+ Bachelor’s degree in Actuarial Science, Mathematics, Statistics, and/or other related major.
+ Minimum of 8 years’ experience working in an actuarial-oriented position, with 3 years of increased management responsibility.
+ 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,
+ Experience designing and executing on various onshore and offshore reinsurance strategies
+ Experience pricing and structuring reinsurance arrangements
+ 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
+ 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 working world. Apply now.
What we offer
We offer a comprehensive compensatio
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