Salaried Partner, Non-Life Actuarial - Specialty / London Market focus

Job Description

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The EY UK Financial Services Non-Life Actuarial team has a track record of delivering market leading insights and value to our clients.

We have a market leading brand in the Lloyd’s and London Market, known for supporting clients with independent reserve reviews and Actuarial Opinions, capital model validation, as well as supporting clients in transforming their business in areas such as portfolio optimisation, development of new pricing tools, mergers & acquisitions, market entry and reserving transformation.

We work closely with our wider Consulting colleagues to ensure we are supporting the Lloyd’s and London Market to be the best in can be. We also work closely with our Audit colleagues ensuring the market remains financially sound and strong.

We are looking for an experienced Actuary who can lead and help grow further our Lloyd’s and London Market business, looking to build on our successes.

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

• Our actuarial team is the heartbeat of the EY Insurance team and key to unlocking new opportunities for the Lloyd’s and London Market sector – there are opportunities to work alongside other Insurance professionals with different backgrounds to support all client needs.
• Our Specialty Seminars provide insights and are noted by the market as a differentiator and are regularly discussed by our clients’ C-suites and investors.
• We have a mature portfolio of annuity reserving / Audit revenue - We provide independent reserve reviews, Actuarial Opinions, and audit over 55% of the Lloyd’s market.
• We work closely with the leading global (re)insurance firms and have strong relationship with the c-suite of these companies across the globe.
• There are significant opportunities to grow the business linked to pricing, exposure management and actuarial transformation.

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

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.

The opportunity

The opportunity is to join and be part of the leadership of the Lloyd’s and London Market business within the Non-Life Actuarial team, working closely with the UK Actuarial Partner group and Insurance community within EY.

We are looking for a leader who can consolidate and help us build on our Lloyd’s and London business in the coming years within Consulting.

It is a chance to shape the future 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 UK, and IFRS 17.

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;
• Our team and our people have autonomy to lead the direction of the business and win the right opportunities;
• We leverage the synergies of being part of broader European and Global actuarial teams;
• We enjoy the advantages of being part of a "Big 4 firm" with multi-service-line offerings; and
• 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

• Play an active role in elevating EY’s Lloyd’s and London Market brand with our clients including through Thought Leadership and external events.
• Business development; including the development of long-term trusted advisor relationships with our clients across the C-suite (CEO, CFO, CRO, and Chief Actuary). You will develop meaningful propositions around the biggest challenges in the market, lead pursuits and RFP responses.
• Lead large and complex engagements including audits from strategy to execution, whilst providing insights to our clients and working with other EY teams.
• Effectively leverage your knowledge and experience to support the delivery of key Actuarial projects, nurture valuable relationships both within EY and with clients, and develop strong capabilities through both formal training and working with senior mentors and talented colleagues.
• Build and lead high performing teams, coaching, mentoring and serving as a role model for our people, and supporting and fostering a positive learning culture.
• Contribute to the running of the Actuarial team, input into strategy and lead key initiatives.
• Support and lead team operations to ensure team development; feedback, strategy, counselling, finance, and recruitment.

Skills and attributes for success

We are looking for people with a track record of developing and delivering new business opportunities within a consulting environment. Candidates should have:

• Deep knowledge of the Lloyd’s and London Market.
• Technical and Industry Expertise – Understanding of the current market and regulatory environment and how this is affecting (re)insurance companies and their operating model.
• Strong client management skills to lead the dialogue with client project sponsors and fully manage expectations of delivery, content, timescales and cost.
• The ability to build and manage close client relationships.
• The ability to identify and mitigate risks on engagements.
• Drive and enthusiasm to lead combined with a desire to collaborate, whilst making your presence felt within our collegiate team.
• Development of ideas - Play your part in the development of intellectual property to support sales-oriented client interaction.
• People - Develop people through effectively supervising, coaching, and mentoring.

To qualify for the role you must have some or all of the following:

• Significant actuarial experience in leading-edge Lloyd’s and London Market (re)insurance, 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).
• Have deep experience covering at least three of the following areas:
  • Reserve reviews under different accounting bases for Lloyd’s and London Market business;
  • Actuarial analysis to support audits;
  • Reserving process improvement and development work;
  • Pricing – model development, review of segmentation and profitability, or process improvement;
  • Development or review of Solvency II technical provisions and associated processes;
  • The business planning process, linking reserving, pricing, claims and underwriting, or
  • The review of Solvency II internal models and associated processes
• Excellent leadership and interpersonal skills with demonstrable experience of building high performing teams and nurturing talent.
• Awareness of the emerging technology trends within the actuarial space.
• Exceptional communication, presentation, business writing and professional skills, including being able to liaise with both technical and business contacts at our clients.
• Ability to successfully deliver multiple engagements, exceed client expectations, manage commercial aspects (e.g. contracts, billing and budgets), and manage quality and risk.
• Ability to engage with senior stakeholders and manage large cross functional projects.
• Intellectual strength / flexibility to rapidly understand complex problems and rationalise these into workable solutions which can then be delivered.
• 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 highly motivated individuals who are passionate about the Lloyd’s and London Market, can apply actuarial approaches through a commercial lens and are excited to assist clients to solve difficult business problems to improve the way they operate.

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

You will have a passion for developing talent and take pride in the successes of your team

If you think you can meet the challenges of a focused consulting organisation, understand how to grow and lead in a large practice and work in the multi skilled teams, we look forward to hearing from you.

What we offer

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.

Join us in building a better working world.

Apply now.

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