Ernst & Young

FSO - Insurance - Life & Group Transformation - Business Consulting - Senior

Ernst & Young$116K — $194K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Computer Science, Management Information Systems, Engineering, Business, Economics, or related fields
  • Minimum of 3 years consulting or industry experience in financial services
  • Strong oral and written communication skills, including executive presentation abilities
  • Experience in assessing and enhancing business processes and technologies
  • Understanding of financial services products and operations processing lifecycle
  • Experience with documenting operating models and business processes
  • Willingness to travel to client sites as necessary

Responsibilities

  • Deliver high-quality client services on various engagements
  • Redesign and modernize core functions such as sales and underwriting
  • Document current and future-state operating models and business processes
  • Clearly communicate complex issues and build relationships with client personnel
  • Monitor engagement progress, manage risk, and inform key stakeholders
  • Stay updated on industry trends to apply domain knowledge effectively
  • Present key findings to clients and EY leadership

Benefits

  • Professional growth opportunities and personal fulfillment
  • Inclusive company culture
  • Medical and dental coverage
  • Pension and 401(k) plans
  • Generous paid time off options
Full Job Description
Location: New York, Boston, Charlotte, Chicago

The opportunity

Advances in AI, cloud, and advanced analytics are resetting what organizations can do: faster onboarding / underwriting, elevated experiences, lower cost to serve, and more productive distribution. We are seeking a highly motivated Senior Consultant to join EY engagement teams, deliver consulting services and develop business with our clients.

In this role, you will help our clients achieve their desired goals and business objectives. In return, you can expect to learn leading practices in business & technology transformation while solving a range of complex challenges using modern digital tools and methods. You will gain exposure in all areas of the value chain: product development, sales and distribution, new business and underwriting, service and policy administration, and claims.

Your key responsibilities
  • Consistently deliver high-quality client services across a variety of engagements
  • Redesign and modernize core functions (e.g., sales, underwriting, new business, policy administration, claims)
  • Document current- and future-state operating models and business processes
  • Communicate complex issues clearly and build relationships with client personnel at appropriate levels
  • Monitor progress, manage risk, and keep key stakeholders informed on engagement progress and expected outcomes
  • Stay abreast of industry trends and apply in-depth domain knowledge and technical acumen to solve client problems
  • Present key findings to client / EY leadership
  • Develop a strong personal brand by building team assets and points of view (e.g., thought leadership, frameworks, benchmarks, accelerators) that translate industry trends into client solutions
  • Stay informed of and apply professional standards and firm policies
  • Contribute to proposals and business development, including client materials, pricing inputs, and follow-on scoping


To qualify for this role you must have
  • Bachelors degree in Computer Science, Management Information Systems, Engineering, Business, Economics, or related disciplines
  • Minimum of 3 years of consulting and/or industry experience in financial services
  • Strong oral and written communication skills including executive presentation skills
  • Experience assessing and improving business processes, systems, and associated technologies
  • Understanding of financial services products and the operations processing lifecycle
  • Experience documenting operating models and business processes
  • Travel to client sites, as necessary


Ideally, you'll also have
  • Understanding / experience with life, annuity, or group product lines (e.g., fixed, indexed and variable annuities, term/whole/indexed/variable life insurance, group disability & dental)
  • Familiarity with the insurance distribution and sales-enablement landscape (e.g., IMO/BGAs, career agents, banks, broker dealers, registered investment advisors)
  • Familiarity with core technology platforms (e.g., CRM, order entry, workflow, underwriting, policy administration, servicing and claims) and modernization of legacy platforms
  • Working knowledge of data, analytics, and AI applications across the insurance value chain
  • Knowledge of insurance regulatory and underwriting/suitability requirements and their operational implications
  • Experience with M&A due diligence, post-merger integration, or reinsurance and capital-efficiency initiatives


What we look for

We're interested in passionate problem-solvers who want to shape the future of the insurance and retirement industry. If you bring curiosity about where life, annuity, retirement and group markets are heading, a bias for delivering measurable client impact, and the drive to grow into a transformation leader, this role is for you. You will work alongside senior leaders, build deep insurance and technology expertise, and take on increasing ownership of client outcomes.

What we offer you
At EY, we harness our collective strength to empower you to shape your future with confidence through professional growth, personal fulfillment and an inclusive culture. Learn more at ey.com/us/careers.

  • The salary range for this job is:
    • New York City, Boston, and Washington DC Metro Areas, Washington State, and Southern California offices - $116,700 to $194,500
    • Bay Area California offices - $121,600 to $202,600
    • All other offices locations in the US, including Sacramento - $97,300 to $178,300
  • Individual salaries within these ranges are determined through a wide variety of factors including but not limited to education, experience, knowledge, skills and geography. 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.


Are you ready to shape your future with confidence? Apply today.
  • To make the most of your application experience, please limit yourself to two applications within a six-month period.
  • EY accepts applications for this position on an on-going basis.
  • For those living in California, please click here for additional information.
  • At EY, our values set the foundation for how we work and the behaviors we expect of our people. Any misrepresentation or falsification of information or lack of integrity at any point in the recruiting process may result in withdrawal of your candidacy, revocation of an offer or immediate termination of employment.

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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