Risk Consulting - Actuarial - FAST implementation - Senior

EY

3–6 yrs Bengaluru Full Time Hybrid (office + remote)
EY logo
Posted : today
Actively hiring

Job description

Join EY's Global Delivery Services (GDS) as a Senior in our Life Insurance Actuarial Practice, focusing on the FAST policy administration system. This role offers a unique opportunity to build a career in a supportive, inclusive, and innovative global culture. You'll collaborate with leading clients in the insurance sector and be part of a high-performing team dedicated to delivering exceptional solutions.

Leverage your expertise to support large-scale engagements and develop enduring client relationships. Our diverse team of professionals is committed to becoming trusted advisors, driving innovation, and delivering significant value through technology and subject matter expertise. If you are passionate about actuarial services and solving complex financial services challenges, this is the place for you.

Responsibilities

Develop and implement solutions within the Life insurance service line and collaborate with other service lines. Translate product specifications into effective test scenarios and expected results. Perform conversion validation and reconciliation, alongside defect triage and root-cause analysis. Create and modify Excel macros for actuarial cashflow transformations and develop regression models for testing model developments.

Gain hands-on experience with FAST or similar Policy Administration Systems (PAS). Prepare presentations and maintain an in-depth understanding of insurance products and regulations across various geographies, including the US and Canada. Proactively contribute to personal and professional growth by leveraging EY's global network.

Qualifications

We seek professionals with 3-6 years of experience in Life Policy Administration System or FAST product configuration within the insurance or consulting sectors. Essential qualifications include strong analytical and problem-solving skills, a willingness to learn and apply new knowledge, and proficiency in MS-Office Suite. A solid understanding of life insurance and/or annuity products is crucial.

Ideal candidates will possess experience with Product Values Testing (PVT), actuarial testing tool development (Excel/VBA, Python preferred), conversion validation, defect triage, and PAS systems like FAST, ALIP, LifePro, or CyberLife. Strong Excel skills are mandatory, with VBA experience being highly beneficial. Familiarity with US, Canada, and other relevant insurance market regulations is also preferred.

Essential Skills

Life Insurance Product KnowledgeAnnuity Product KnowledgeProduct Values Testing (PVT)Actuarial Testing Tool DevelopmentConversion ValidationReconciliationDefect TriageRoot-Cause AnalysisFASTALIPLifeProCyberLifePolicy Administration System (PAS)ExcelVBARegression ModelsMS-Office SuiteAnalytical SkillsProblem SolvingCommunication SkillsRelationship BuildingRegulatory Environment Understanding

Good to Have

PythonPower BISASR ProgrammingSQLSPSSActuarial ExamsOverseas ExposureUS Market ExperienceCanada Market ExperienceEurope Market Experience

Highlights

  • Actively hiring

More Details

RoleRisk Consulting - Actuarial - FAST implementation - Senior
IndustryFinancial Services, Insurance
DepartmentConsulting, Product Management
Employment TypeFull Time, Hybrid (office + remote)

About the Company

EY Global Delivery Services ( EY GDS) logo

EY Global Delivery Services ( EY GDS)

Financial Services

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