Senior Consultant, Business Consulting Risk

About the Role

The role is for a Senior Consultant within Business Consulting Risk, specifically in the Actuarial domain, based in Mumbai/Delhi. The team advises clients on various aspects of the insurance industry.

About Actuarial Services

The team advises clients on:

• Reserving
• Pricing
• M&A Support
• Understanding capital requirements and Solvency Framework
• IFRS Reporting
• Business Planning
• Reinsurance Structure and Optimization
• Regulatory Compliance

Key Responsibilities

• Execute projects in the Actuarial space.
• Play a proactive role within a multi-disciplinary EY team to support client engagements in areas such as:
• Reserving
• Product development and pricing
• Statutory reporting
• Solvency assessment
• IFRS17 implementation
• Business planning
• Build appropriate Excel models for projects, incorporating client product features and relevant regulations.
• Support research and specialisms work (e.g., Solvency II updates, IFRS17) to provide key insights to clients and consultants.
• Develop cutting-edge proposals for winning new clients and engagements.
• Work closely with the team to develop consistent standards and best practices.
• Share knowledge by submitting to the knowledge database.
• Contribute to wider opportunities within EY and raise its profile externally (e.g., writing articles for The Actuary).
• Develop and maintain deep technical knowledge in Excel modelling skills.
• Present internally and externally on areas of technical specialist knowledge.
• Develop reports and presentations for clients.

Requirements & Tech Stack

• Proven ability to balance priorities, manage competing demands to agreed deadlines, and maintain quality.
• Hands-on experience of 6 months + in General Insurance (Actuarial domain).
• Cleared a minimum of 4 actuarial exams.
• Ability to give and receive constructive feedback.
• Self-motivated, uses own initiative, and is outcome-focused.
• Deals constructively with uncertainty and ambiguity.
• Good working knowledge of relevant actuarial concepts and methodologies.
• Working knowledge of tools like R, Python, SAS, SQL.
• Knowledge of the latest accounting standard IFRS17.
• Confidence in speaking and expressing views through various platforms (publications, seminars).
• Strong communication, documentation, facilitation, relationship-building, presentation, and negotiation skills.
• Highly flexible, adaptable, and creative.
• Broad consulting and project management skills.
• Effective written and oral communication skills.
• Ability to work in a collaborative manner across multiple client departments while adhering to commercial and legal requirements.
• Practical approach to solving issues and complex problems.
• Ability to deliver insightful and practical solutions.

Qualifications

• Actuaries with varying experience in the Indian/ Global insurance market.
• The specific job grade will depend on individual qualities and experience.