Senior Manager, General Insurance Actuarial, Capital and Risk, London - LON009HO


Job information

Firm: EY

Location: London

Education: Postgraduate degree

Benefits: Competitive

This job is no longer available

Do you have the vision to see through problems? Then join EY to gain experiences that will last a lifetime.

We are looking for a Senior Manager to join our general insurance Actuarial Team to specialise in Capital and Risk. This is an opportunity to become part of the EY general insurance success story in London and across Europe.

The team have a strong reputation in the market for bringing bespoke offerings to our clients which recognise the individuality of our clients’ portfolios and needs.

We have capabilities broader than the conventional actuarial fields of deterministic reserving, pricing and modelling:  we also operate as part of wider consultancy projects embracing strategy, risk management, analytics, stochastic reserving, economic capital, capital optimisation, Solvency II and other prudential regime changes globally.

We are at the forefront of these areas, with market leading tools and knowledge, built up over several years of iteration.

Our business model ensures that:

  • our competencies extend beyond boutique actuarial consultancies;
  • we leverage the synergies of being part of broader European and global actuarial teams;
  • we enjoy the advantages of being part of "Big 4 firm" multi-service-line offerings; and
  • we combine audit, audit-related and non-audit projects with a global client reach.

This means that there are a wide range of opportunities for you to grow and develop your wider business knowledge, and to build internal and external relationships across disciplines and across borders.

Client responsibilities

  • Manage to completion the technical delivery and reporting for projects, as well as providing insight to projects in terms of technical content, consultancy skills and client management;
  • Lead the dialogue with client project sponsors and fully manage expectations of delivery, content, timescales and cost;
  • Review overall messages received by clients and to present to clients at senior executive and board levels;
  • Contribute significantly to major consultancy projects as a subject matter expert; and
  • Play your part in the development of intellectual property to support sales-oriented client interaction.

As a Senior Manager, you will assist Partners and Directors in client development in the following ways:

  • Heading-up on specific areas of the development of intellectual property;
  • Developing your own client network, adding new "cold contacts" to your existing bank of warm client contacts from past and current work;
  • Handling the process of client proposals - receipt, clarification of needs, drafting, written and oral presentation.

People responsibilities

  • Develop people through effectively supervising, coaching, and mentoring staff.
  • As a counsellor yourself, you will attend and participate in the review committees reviewing the overall performance of the team.
  • Play a role in team administration tasks - such as feedback, counselling, finance, recruitment, learning, etc.

Technical skills requirements

You will be a qualified actuary (or equivalent) with degree-level qualification, and professional fellowship of the UK Actuarial Profession or a global equivalent award. You will have general insurance experience gained from working either in an insurer or at another actuarial consultancy firm. 

Specifically you will have experience in some of the following areas:

  • building and developing capital models
  • capital modelling techniques
  • deep experience in at least two of the commonly modelled risk types
  • the review of Solvency II internal models and associated processes
  • development of risk management frameworks under Solvency II

You will also need to be an effective communicator and able to deal with outward-facing client management on projects and on-selling.  You will have an extensive track record of managing projects and high performing teams.

We are currently engaged in increasing our capacity for larger capital modelling and Solvency II implementation projects. This is in response to the changing marketplace for our services.  We are in a strong position to build on our existing client-base which varies by market sector, and by size. These projects are demanding an increased level of classic consulting skills - more intensive client interaction, much wider than actuarial, and up to senior executive and board level.

Our offerings in the sphere of capital modelling and Solvency II are underpinned by access to key software tools:

  • Aon Benfield's ReMetrica modelling software. We have licenced ReMetrica for a number of years and through a series of client projects we have capability in our team to build models in ReMetrica, or to perform external review on existing ReMetrica models; and
  • Willis Towers Watson's Igloo modelling software. We have licenced Igloo and have accredited a large number of our staff in order to perform external review on client capital models built in Igloo.
  • Our own EY WinRes and WinRange suites of reserving software, which allow for the measurement of claims reserves, their uncertainty, and to develop reserve risk components of economic capital models;

The team will be strengthened by experienced candidates who bring with them, or are willing to rapidly develop, both consulting skills and expertise in the effective business application of software.


You will assist our clients with their operational and strategic challenges, product development, and finance and risk functions. Your work will span the implementation of regulatory change such as Solvency II, finance and risk transformation, assurance and attest roles, and restructuring transactions.


About EY and our Vision

EY is a global professional services organisation providing advisory, assurance, tax and transaction services. We are committed to doing our part in building a better working world for our people, our clients and our communities. And we are united by our shared values and a dedication to delivering exceptional client service

We have ambitious goals for 2020. Globally, we want to be #1 or #2 in professional services and be the best brand. To achieve this, our teams need to perform at the highest level, and have a relentless focus on delivering the excellent client service that will help us to continue to grow and become the market leader. In this context, your career will develop and grow.

We make sure our people succeed. The networks you build and the experiences you have with us will help define and accelerate the rest of your career. Last year in the UK, nearly 2,000 of our people were promoted or progressed within their grade, and we are significantly increasing the number of partners in the UK. So when you build something better at EY, we make sure you’re rewarded.

Job information

Firm: EY

Location: London

Education: Postgraduate degree

Benefits: Competitive

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