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

Ernst & Young LLP•New York, NY

51d•Hybrid

About The Position

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. 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

Requirements

A bachelor's degree in actuarial science, Mathematics, Statistics or another 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
Experienced in 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

Nice To Haves

Experienced in several platform library coding modules specific to actuarial modeling platforms (asset, liability, economic-related modules)
Experienced in solution design and translation of business requirements into modeling solutions
Experienced in model staging and development, including coding, data transformation and prep, batch creation and automation, assumption management, and extraction/manipulation of model output
Experienced 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.
Experienced in 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
Project management experience and ability to handle teams and multiple stakeholders
Experience with leading and overseeing actuarial modeling projects, including model development, validation, and optimization

Responsibilities

Consistently deliver quality client services and 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.
Collaborate with clients in tackling unique and complex business issues using innovative solution development, leadership and a strong EY 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 and 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 new knowledge, maintain good business acumen and 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
Foster an innovative and inclusive team-oriented work environment, counseling and mentoring junior consultants within the organization. Provide constructive feedback and coaching to team members in real time.

Benefits

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.
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.

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