Job Description

Requisition ID-562884
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.
The opportunity: Manager \xe2\x80\x93 FS \xe2\x80\x93 Risk Consulting \xe2\x80\x93 Actuarial \xe2\x80\x93 Mumbai
FS: Finance fuels our lives. Banking, Insurance and Wealth management, create the foundations for growth, prosperity and peace of mind. No other Industry touches so many people or shapes so many lives. Amid sweeping regulatory change, today\xe2\x80\x99s financial services institutions are focusing on digital transformation, convergence and disruption from an array of nontraditional competitors \xe2\x80\x94 all while meeting greater demands for trust and transparency.
To address this delicate balance of issues, our competent team of business strategists, technologists and industry leaders bring fresh thinking and sector knowledge across banking and capital markets, insurance, and wealth and asset management. The results are seamless collaboration, innovative problem solving, breakthrough performance gains and sustainable value creation.
We recruit, train and nurture a diverse set of people who dedicate their minds to building the future of financial services. Together, we explore new perspectives with innovative and entrepreneurial thinking to deliver exceptional client service and ensure that what we do today, counts for tomorrow.
Risk Consulting: EY Consulting is building a better working world by transforming businesses through the power of people, technology and innovation. Our client-centric approach focuses on driving long-term value for our clients by solving their most strategic problems. EY Consulting is made up of three sub-service lines: Business Consulting (including Performance Improvement and Risk Consulting), Technology Consulting and People Advisory Services.
We help our clients in identifying and managing the interplay between upside and downside risk in order to make the long-term decisions to prevent risk and impact on their organization\'s ability to meet its future business strategy and objectives. The 3 key fields of play are : Enterprise Risk - helps clients identify and address key risk areas, while building the agility to respond quickly. The areas of focus include Enterprise risk and resilience, Internal audit, Compliance and Internal controls Technology Risk - helps clients to achieve sustainable growth by supporting their efforts to protect their business performance and by providing trusted communications on internal control and regulatory compliance to investors, management, regulators, customers and other stakeholders. EY teams accomplish this by assessing the technology risks that are introduced to businesses. Financial Services Risk - helps clients in the financial sector to identify, manage and monitor the risks in their business. It is done through a transformative and agile approach including process and procedures, risk, data modeling and analytics, reporting to stakeholders and third parties, business requirements (for software selection and IT implementation), analysis of assets and liabilities, and capital and liquidity management.
Actuarial: At EY, our Actuarial services combine the best of global insight and local reach. We assist our clients from financial services, insurance, banks, pension funds, private equity, sovereign funds and local regulators in developing sound strategies and decisions for the success of their enterprise. We also assist our largest global clients in Variety of Actuarial tasks, including developing Actuarial models, Testing , Pricing, Valuation (Share holder and Statutory reporting) and other activities.
The team advises clients in the areas of Reserving, Pricing, M&A Support, Risk Capital Measurement framework, Economic Financial Reporting framework, Asset Liability Management, Model Validation, Financial Modeling for Pricing, Reporting, Business Planning, MCEV, Product Pricing and Development, Regulatory Compliance and more.
Your key responsibilities Technical Excellence

• Play a full and proactive role within a multi-disciplinary EY team in supporting the various client engagements which may span across appraisal valuation, embedded value, product development, statutory reporting, economic capital, IFRS17, actuarial model development etc.
• Design and review appropriate actuarial models for the above mentioned projects allowing for client product features and relevant regulations
• Develop an effective working relationship with key contacts within firms through clear communication and by providing constructive, robust and timely challenge
• Connect with the team and take proactive role in assessing and fulfilling their technical and professional development needs
• Lend support on strands of research and specialist work aimed at providing key insights to help our clients / consultants
• As part of the team, provide consistent high-quality technical challenge in identifying and helping to resolve technical issues faced by other team members
• Develop cutting edge proposals for winning new and different clients / engagements
• Work closely with the team to develop consistent standards and best practice
• Sharing knowledge in a timely and effective way by submitting regularly to the knowledge database
• Contribute to wider opportunities within the firm and to raising its profile externally e.g. taking an active role in writing articles and presenting in forums
• Develop and maintain deep technical knowledge in core actuarial concepts relating to statutory and shareholder reporting, capital calculation, risk management and product pricing
• Experience / knowledge of actuarial modelling and design on both Excel and any specialized actuarial software
• Ability to develop reports and presentations for the client
• Proven communication and interpersonal skills, including the ability to put across complex technical issues and solutions to non-actuaries

To qualify for the role you must have

• A graduate or post graduate degree in relevant and pursuing Actuarial and is qualified / close to qualification
• Minimum 5 years of relevant work experience
• Good working knowledge of the relevant actuarial concepts and methodologies
• Good knowledge of regulations (IRDAI/IAI), Statutory Valuation/ Accounting reporting and Pricing
• Good technical understanding of at least one of the following areas - Economic Capital; MCEV/ EV

Skills and attributes for success Progressive Creating Better Working World for Business by being - Innovative Being Commercial Belonging Creating Better Working World for Clients by Teaming Inspiring Curiosity Quality and risk compliance Creating a Better Working World by exhibiting - Agility Well-being
Ideally you\xe2\x80\x99ll also be

• Entrepreneurial - Being empowered to lead, being innovative and encouraged to take ownership to create a lasting impact.
• Intellectually stimulating - Getting opportunities to work on challenging assignments with premier clients and learn from the best minds in the industry.
• Digitally transforming - Being prepared to aid businesses become fit for the digital world through technology enabled innovation and alliances.
• Socially responsible - Making a difference by supporting communities to make
  the world a better place
• Pursuing passions beyond work - Encouraged to actively pursue passions beyond work.

What we look for
People with the ability to work in a collaborative way to provide services across multiple client departments while adhering to commercial and legal requirements. You will need a practical approach to solving issues and complex problems with the ability to deliver insightful and practical solutions. You should possess excellent communication, facilitation, relationship-building, presentation and negotiation skills. The role expects you to be flexible, adaptable, and creative, with willingness to travel.
What we offer
EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a lifestyle balance.
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 n