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Senior Manager, Non-Life, Actuarial

Location:  London
Other locations:  Primary Location Only
Salary: Competitive
Date:  Jun 24, 2024

Job description

Requisition ID:  1488051

Senior Manager - Non-Life Actuarial – Retail Reserving, Bristol or London


At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture, and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.


We have ambitious and exciting growth plans for the retail (and UK commercial) part of our business. We are looking for someone with deep retail reserving knowledge to join the team (in either Bristol or London).


We have invested to grow our team in this area, setting up a new non-life practice in Bristol to focus on the Retail market. We are growing our consulting presence in this space and have some large inbound audits that the retail team will have the opportunity to support.  We are looking for an experienced Actuary who can support this growth.


Our UK actuarial practice is a large team with a strong and exciting growth trajectory

  • Award winning actuarial team (Insurance ERM Actuarial team of the Year 2021, The Times Actuarial Graduate Employer of Choice 2021).
  • Our actuarial team is seen as the heartbeat of the EY Insurance team and key to unlocking new work for the sector – there are opportunities to work alongside other Insurance professionals with different backgrounds to support all client needs.
  • Growing Bristol and Retail is a core part of our overall strategy to build on the significant investment from the EY firm to support UK Retail. With support from UK leadership, we have plans to grow our footprint in this space over the coming years.
  • Our Motor and Household Seminars provide insights and are noted by the retail market as a differentiator and regularly discussed by our client’s C-suite.
  • There are significant opportunities linked to pricing, actuarial transformation, claims and wider analytics.
  • EY have a market leading transformation practice in Retail insurance and the actuarial team play an integral role in supporting this practice.
  • We are also onboarding new Retail clients through audit transitions, which gives us access to market insights / key individuals at clients to build relationship and leverage our knowledge to consulting clients.
  • This growth is supported by a mature portfolio of annuity reserving / Audit revenue from the wider non-life actuarial team.


We place a great focus on our people and offer a great opportunity to learn and develop in a collaborative environment.


The opportunity

This is an opportunity to help lead the retail team within EY as retail becomes a growing part of our business. It is a chance to shape the growth of the team whilst benefitting from being part of, and having the full support of, a wider, established, actuarial team which has a strong reputation in the market and all the advantages of being part of a "Big 4 firm" with multi-service-line offerings.

This role offers exceptional opportunities for personal growth and advancement, to develop your wider business knowledge, and to build internal and external relationships across disciplines and across borders. 


Our wider actuarial team has a strong reputation in the market for bringing bespoke offerings to our clients which recognise the uniqueness of our clients' portfolios and needs. 


We have capabilities broader than the conventional actuarial fields of traditional reserving, capital, 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. 


We are at the forefront of these areas, with best-in-class tools and knowledge, built up over several years. Our business model ensures that: 

  • Our expertise extends 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.
  • Our people enjoy the benefits of being able to participate in a wide variety of actuarial and insurance work, combining audit, audit-related and non-audit projects with a global client reach. 


Your key responsibilities

  • Lead teams to manage to completion the delivery and reporting of complex projects whilst providing insights to our clients and working with other EY teams.
  • Present to clients at senior executive and board levels.
  • Lead the development of meaningful propositions and thought leadership for clients around their biggest challenges in the market and support sales-oriented client interaction.
  • Assist in responding to varied client proposals.
  • Develop strong relationships with your peers across other teams within EY and our clients.
  • Working closely with colleagues you will create a positive learning culture, developing and supporting the team through effective supervising, coaching, and mentoring.
  • Support and lead team operations to ensure team development; feedback, counselling, finance, recruitment, learning and development.


Skills and attributes for success

  • Knowledge - Deep knowledge of the UK retail sector
  • Communication - Strong client management to lead the dialogue with client project sponsors and fully manage expectations of delivery, content, timescales, and cost.
  • Client service - Manages clients' expectations in relation to deliverables.
  • Risk averse - Identifies risk on the assignment, involving Director / Partner appropriately in its resolution.
  • Energy - Dedication combined with a desire to collaborate, whilst making your presence felt within our collegiate team.
  • Development of ideas - development of intellectual property to support sales-oriented client interaction.
  • Technical and Industry Expertise - Understanding of the current market and regulatory environment and how this is affecting retail insurers and their operating model.
  • People - Develop people through effectively supervising, coaching, and mentoring of staff.


To qualify for the role you must have

  • Significant actuarial experience in leading-edge UK retail insurance (e.g. motor, household and/or other retail), gained through working for an insurer directly or a top tier consultancy or a specialist financial services consultancy. 
  • Strong academic record including a degree and professional actuarial qualifications (IFoA or similar, qualified).
  • Have deep experience covering at least two of the following areas: 
    • Reserve reviews under different accounting bases for retail business.
    • Actuarial analysis to support audits.
    • Reserving process improvement and development work. 
    • Development or review of Solvency II technical provisions or IFRS 17 reserves and associated processes.
    • Reserve risk or premium risk assessment using stochastic techniques.
    • The business planning process, linking reserving, pricing, claims and underwriting.
    • The review of Solvency II internal models and associated processes.
  • A track record of managing actuarial projects and team members, delivering or managing multiple tasks in parallel.
  • Be an effective communicator and able to deal with outward-facing client management on projects.
  • Be able to support, coach and mentor more junior members of the team to build the wider skill set of the team.
  • Be commercially savvy and able to collaboratively engage in discussions on future market trends and what this may mean for our clients.
  • Be a problem solver; tailoring what you have learnt from your experiences to date to different client problems to help design and implement the solution.


What we look for

We are looking for candidates who are excited by the opportunity to help us develop and grow a team of high performing consultants, can apply actuarial approaches through a commercial lens and are excited about helping our clients improve the way they operate.

You’ll thrive on being a numerate, rationale thinker with a passion for this field and have a very strong attention to detail.

Being a strong team player is important as well as someone who is happy to work flexibly on different clients and different engagements.

We are a diverse and inclusive team; our working styles are flexible and are supportive in allowing for everyone to work in a way that meets their needs. We use technology effectively in our work to enable easy transition between office and home working where appropriate to your style.


What working at EY offers

We offer a competitive remuneration package where you’ll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings, and a wide range of discounts, offers and promotions. Plus, we offer:

  • 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.


If you can demonstrate that you meet the criteria above, please contact us as soon as possible.

The exceptional EY experience. It’s yours to build. 

Apply now.


About EY

As a global leader in assurance, tax, transaction and advisory services, we’re using the finance products, expertise and systems we’ve developed to build a better working world. That starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. Whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.


Who we are

EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a lifestyle balance


Please note: Prior to finalising your application, you will be asked to provide personal information across several dimensions of diversity and inclusiveness. The information you provide is kept entirely confidential and will not be used to evaluate your candidacy. We collect this data to help us analyse our recruitment process holistically and implement actions that promote diversity and inclusiveness. While optional, we encourage you to provide this information to hold us accountable towards our goal of building a better working world. We ask because it matters!





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