People Consulting - Actuarial - Senior

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. 

People Consulting Actuarial Services - Senior:

About Global Delivery Services

Global Delivery Services refers to EY's worldwide network of service delivery centers. The GDS team plays an important role in EY’s strategy by ensuring effective support to EY’s growth agenda.

Our journey started in 2002 with approximately 200 people. Today we stand at 80,000+ professionals in ten locations around the world. We operate in Argentina, China, Hungary, India, Philippines, Poland, Sri Lanka, Mexico, Spain and the United Kingdom.

Client service is focused on providing Consulting, Assurance, Tax, Strategy & Transactions, and Knowledge support to our clients around the world. The teams enable account teams worldwide to provide seamless, high-quality, value-added support, helping deliver exceptional client service.

Enablement Services provides cost-effective, high-skilled, and innovative services to support EY’s global and local enablement teams. Markets, BMC, AWS, Finance and Accounting, Risk Management, Procurement, People Shared Services, IT Service Delivery and IT Global Infrastructure services, are among the services offered by Enablement Services.

Our innovation specialists serve the GDS Client Service and Enablement Services teams, along with Service Lines, Core Business Services and Sectors. The team brings the desired environment, technologies and skilled teams together for facilitation, rapid prototyping and innovative thinking. The competencies offered include analytics, digital, user experience, mobile technology, infrastructure, Microsoft technologies and open innovation.

The Opportunity

Within our talented and dynamic Insurance & Actuarial Advisory Services (IAAS) team, the member works on multiple client engagement teams that perform actuarial model building and validations, actuarial funding and accounting liability calculations, due diligence, and other related actuarial projects for retirement businesses. The team member also receives on-the-job training to acquire practical experience in addressing business/technical issues and in applying industry knowledge and EY policies/procedures on client engagements. The position is designed to enable the member to pursue actuarial exams while developing the basic skills needed to be a successful actuarial consultant, combining both excellent learning and career opportunities.

Your Key Responsibilities

• Should have a thorough understanding of US pension and retirement benefits
• Carry out end to end actuarial valuations process of defined benefit pension schemes plans and for various compliance related reporting.
• Experience in cleaning, processing, working with large data sets, identifying inconsistencies in the data and preparing it for valuation process.
• Configuring the valuation system (ProVal) in accordance with the various assumptions for each individual client (interest rates/demographic/regulatory and other related) to generate liability for regulatory or financial disclosure.
• Documentation and communication of steps and processes used to arrive at the result and maintaining a high quality of deliverables.
• Familiarity with various US government forms and filings related to qualified DB pension funds and related accounting standards (such as ASC 715, ASC960 and IAS19) and preparation of final deliverable report.
• Familiarity of IAS19 and US GAAP accounting standards.
• Carry out all other reasonable requests and objectives to an acceptable standard within agreed timescales
• Ensure that all statutory and company regulations are followed while processing work to protect clients and the business interests
• Maintain an up to date knowledge of legislative changes and actuarial procedures
• Contribute ideas and suggestions for improvements to process templates
• Training and sharing of knowledge with colleagues
• Make steady progress with appropriate professional examinations as agreed with line manager with the support of the company.
• Responsible for decision-making, optimizing processes, resource management, and overseeing team management as needed for task execution.
• Accountable for allocating personnel, supervising team members, assigning tasks, ensuring that the team has the necessary tools and support to succeed in their roles and optimizing and evaluating their performance to meet organizational goals.

Skills and attributes for success

• 3+ years of work experience in US Pensions in Actuarial domain
• A Bachelor’s or Master’s degree with an emphasis in Actuarial Science, Mathematics, Statistics, or a related financial field
• Credit for at least three Actuarial Examinations.
• Familiarity with actuarial and statistical techniques
• Valuation software – ProVal (preferred)
• Sound programming knowledge is plus – VBA, R, Python, SQL

Ideally, you will also have the opportunity to work on a variety of retirement-related projects aligned with current U.S. market requirements.

What we look for

• A self-motivated individual with a proactive attitude and the ability to work independently while engaging with various EY stakeholders.

What we offer you

At EY, we’ll develop you with future-focused skills and equip you with world-class experiences. We’ll empower you in a flexible environment, and fuel you and your extraordinary talents in a diverse and inclusive culture of globally connected teams. 

• Our Commitment: As a commitment, we persistently endeavour to embody our values, fulfil our purpose, and champion inclusiveness. Our dedication is to cultivate EY into an environment where diverse perspectives are celebrated, creating a supportive atmosphere for individuals to authentically be themselves and contribute their utmost.
• Professional Development: From entry-level employees to senior leaders, we believe in continuous learning. We offer opportunities to build new skills, take on leadership roles, and connect and grow through mentorship.
• People and Culture: In our dynamic workplace, diversity, equity, and inclusiveness are ingrained in our culture. We're united by a commitment to create an environment where every individual's differences are valued, practices are equitable, fostering a sense of belonging. Our shared values include integrity, respect, teaming, inclusiveness, energy, enthusiasm, courage to lead, and building relationships based on doing the right thing.
• Benefits: Embark on a transformative career journey with us and indulge in a suite of premium benefits, encompassing exclusive health and wellness packages, enticing rewards, and cutting-edge learning opportunities that empower you to continually grow and excel in your professional and personal development.
• How to Apply: If you are passionate to join us and are aligned with our commitment to building a better working world, we invite you to apply by completing our user-friendly form with personal and professional information and by providing your consent to data privacy.

EY | Building a better working world 

EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.