Senior Consultant – Business Consulting Risk | Actuarial Services (General Insurance) | EY Mumbai / Delhi
Job Description
Overview
Join EY India’s Business Consulting Risk – Actuarial Services team and help leading insurers solve complex business challenges through data, analytics, and actuarial expertise. As a Senior Consultant, you’ll work on actuarial projects spanning reserving, pricing, solvency, IFRS 17 implementation, reinsurance optimization, and business planning for both domestic and international insurance markets.
This role is ideal for professionals with actuarial experience in the General Insurance domain who want to combine deep technical skills with consulting exposure and client leadership.
Job Details at a Glance
| Position Title | Senior Consultant – Actuarial Services (Business Consulting Risk) |
|---|---|
| Department | Financial Services – Business Consulting Risk – Actuarial |
| Location | Mumbai / Delhi |
| Other Locations | Primary Location Only |
| Experience Level | 3+ years in General Insurance (Actuarial domain) |
| Education / Exams | Cleared minimum 4 actuarial exams |
| Employment Type | Full-time |
| Salary | Competitive |
| Requisition ID | 1607964 |
About EY Actuarial Services
EY’s Actuarial team supports insurers across the globe in areas such as:
- Reserving and Pricing strategies
- Mergers & Acquisitions (M&A) support
- Capital and Solvency Assessments
- IFRS 17 and Regulatory Reporting
- Reinsurance optimization
- Business planning and product development
- Risk management and compliance
We combine advanced analytics, actuarial modeling, and technology solutions to help clients make smarter, data-driven decisions in an evolving risk landscape.
Key Responsibilities
- Deliver actuarial projects related to reserving, pricing, solvency, and IFRS 17 implementation.
- Develop and maintain Excel-based models that accurately reflect insurance product features and regulatory requirements.
- Support research initiatives on evolving standards such as Solvency II and IFRS 17 to generate thought leadership insights.
- Contribute to client presentations, proposals, and deliverables for business development opportunities.
- Collaborate with multi-disciplinary EY teams across consulting, risk, and analytics.
- Build and maintain relationships with key stakeholders within EY and client organizations.
- Participate in knowledge sharing, training, and internal capability development.
- Prepare clear, concise, and insightful reports and presentations for clients.
Skills and Attributes for Success
- Strong understanding of actuarial principles, reserving methods, and capital modeling.
- Working knowledge of IFRS 17, Solvency frameworks, and insurance regulations.
- Hands-on experience with tools such as R, Python, SAS, SQL, or Excel VBA.
- Analytical mindset with strong problem-solving and modeling skills.
- Excellent communication, documentation, and presentation skills.
- Ability to manage multiple priorities and deliver quality outcomes under tight deadlines.
- Collaborative team player with a proactive and adaptable attitude.
Qualification & Experience
- Bachelor’s or Master’s degree in Actuarial Science, Statistics, Mathematics, or a related discipline.
- Minimum of 3 years’ experience in General Insurance (Actuarial domain).
- Cleared at least 4 actuarial exams from recognized actuarial bodies (IAI, IFoA, etc.).
- Familiarity with IFRS 17 implementation projects or regulatory reporting preferred.
What EY Looks For
EY is seeking actuarial professionals who are:
- Agile thinkers with a passion for solving complex problems.
- Team-oriented and skilled at collaborating across business lines.
- Eager to learn, innovate, and build long-term client relationships.
- Confident communicators capable of translating data into actionable insights.
What EY Offers
- 🌍 Global exposure to top insurance clients and multi-disciplinary consulting projects.
- 🚀 Career growth through continuous learning, mentorship, and leadership opportunities.
- 💡 Innovation-driven culture with access to advanced actuarial and analytics tools.
- 🤝 Collaborative and inclusive workplace focused on well-being and diversity.
- 🧭 Personalized career development with structured learning frameworks.
About EY
EY (Ernst & Young) is one of the world’s leading professional services organizations, operating in over 150 countries with 300,000+ people globally. EY helps clients grow, transform, and operate while fostering trust in capital markets through assurance, consulting, tax, and strategy services.
At EY, “It’s yours to build.” Your potential, your career, your future.
Apply Now
Ready to shape the future of actuarial consulting with EY?
👉 Apply now on EY Careers