Ernst & Young

FSO - Cons - Actuarial Serv Advisor - IAAS - Life - Health - Manager - Multiple Positions - 1716975

Ernst & Young$217K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field; Master's degree may substitute for 1 year of experience.
  • 5 years of progressive related work experience or 4 years with a Master's degree.
  • 4 years of experience in an actuarial role within a consulting firm or insurance company, focusing on Life and Health clients.
  • 4 years of experience with actuarial software (AXIS, Prophet, etc.).
  • 4 years of experience in Excel, SAS, VBA, or C++.
  • 2 years of experience in writing and presenting technical information to clients or senior management.
  • Fellowship in the Society of Actuaries designation or completion of required exams for Fellowship.

Responsibilities

  • Provide actuarial services in risk management and financial reporting for life and health insurance clients.
  • Focus on modeling, financial forecasting, valuation, reserve and cash flow testing, and economic capital management.
  • Engage in M&A due diligence, actuarial appraisals and litigation support.
  • Understand and communicate complex actuarial issues clearly to clients.
  • Foster strong relationships with client personnel and manage client service delivery expectations.
  • Drive high-quality work products while adhering to budget and timeline constraints.
  • Participate in industry knowledge sharing through writing articles, speaking at seminars, and joining industry groups.

Benefits

  • Medical and dental coverage, pension and 401(k) plans.
  • Wide range of paid time off options including flexible vacation policy.
  • Team-led and leader-enabled hybrid work model, with in-person collaboration 40-60% of the time.
  • Continuous learning opportunities to develop new skills and navigate career challenges.
  • Support for physical, financial, and emotional well-being through designated time off and leaves of absence.
  • Inclusive culture that embraces diversity and empowers individual voices.
Full Job Description
FSO - Consulting - Actuarial Services Advisor - Insurance and Actuarial Advisory Services - IAAS - Life & Health - Manager - Multiple Positions - [redacted], Ernst & Young U.S. LLP, New York, NY.

Provide actuarial services to clients in the life and health insurance industry concentrating on areas such as risk management, financial reporting, Actuarial Transformation and modeling, retirement income and pension risk transfer, merger and acquisition due diligence and integration, actuarial tax, managed services and audit support. Focus on modeling, financial forecasting, valuation, cash flow testing, reserve testing, risk management (hedging, asset liability management, economic capital), M&A due diligence and actuarial appraisals and litigation support. Understand and communicate complex actuarial issues. Apply professional standards to engagements, such as Actuarial Standards of Practice. Foster relationships with client personnel. Drive high-quality work products within expected timeframes and on budget. Manage expectations of client service delivery. Write articles on actuarial issues of interest to life and health insurance carriers, participate in industry groups and speak at seminars.

Manage and motivate teams of professionals with diverse skills and backgrounds. Consistently deliver quality client services by monitoring progress. Demonstrate in-depth technical capabilities and professional knowledge. Maintain long-term client relationships and networks. Cultivate business development opportunities.

Full time employment, Monday - Friday, 40-45 hours per week, 8:30 am - 5:30 pm.

MINIMUM REQUIREMENTS:

Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field and 5 years of progressive, post-baccalaureate related work experience. Alternatively, employer will accept a Master's degree in Actuarial Science, Mathematics, Statistics, or a related field and 4 years of related work experience.

Must have 4 years of experience (in any combination) in an actuarial role within a consulting firm providing services to Life and Health clients, or within a Life and Health insurance company.

Must have 4 years of experience with actuarial-related software (all combinations that add up to 4 years), including AXIS, Prophet, MoSes, ArcVal, Polysystem, or ALFA.

Must have 4 years of experience in Excel, SAS, VBA, or C++.

Must have 2 years of experience writing and presenting technical information to clients or senior management

Must have Fellowship in the Society of Actuaries designation, OR must have successfully completed all of the required exams and modules required to obtain Fellowship in the Society of Actuaries designation.

Requires domestic travel up to 50%.

Employer will accept any suitable combination of education, training, or experience.

Please apply on-line at ey.com/en_us/careers and click on "Careers - Job Search", "See All", then "Experienced Professionals" (Job Number - 1716975).

What we offer

We offer a comprehensive compensation and benefits package where you'll be rewarded based on your performance and recognized for the value you bring to the business. The base salary for this job is $217,160.00 per year. 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. Join us in our team-led and leader-enabled hybrid model. Our expectation is for most people in external, client serving roles to work together in person 40-60% of the time over the course of an engagement, project or year. 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.

EY accepts applications for this position on an on-going basis. If you can demonstrate that you meet the criteria above, please contact us as soon as possible.

About Ernst & Young

Ernst & Young (EY) is a multinational professional services firm that provides audit, tax, consulting, and advisory services to clients in a wide range of industries. The firm was founded in 1989 through the merger of Ernst & Whinney and Arthur Young & Co., and has since grown to become one of the largest professional services firms in the world. EY is committed to building a better working world by helping its clients solve their toughest challenges, and by creating a positive impact on the communities it serves.
Learn more about Ernst & Young
Size
300,000 employees
Industry
Founded
1989

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