ACTUARIAL - Consultant – EY GDS Spain - Hybrid
The opportunity
At EY GDS Consulting, we have adapted to the nature of the sectors, to the new needs of our clients, and we accompany them in their digital transformation. We are innovative, agile, collaborative, and align business strategy objectives with new technologies. One of our pillars is to transform business through new technologies and innovation by attracting and captivating exceptional talent.
The financial risk team works with leading financial institutions and insurers at an international level. Candidates who successfully join the firm will actively participate in a multitude of projects related to the financial sector and quantitative finance, focusing on actuarial, credit risk analysis as well as market risk, counterparty risk, liquidity risk, and ALM, as well as the resulting regulatory implications and operational processes and models. Additionally, they will collaborate with different areas of the firm (mainly Transactions, Audit, Data & Analytics) given the cross-functional nature of the financial consulting services that EY offers.


Currently, we are looking to strengthen our practice by incorporating an Actuarial with at least 1 year of experience.


The candidates will join an environment where investment in knowledge, teamwork, and the search for synergies are key to providing high-quality solutions to our clients, while maintaining the prestige of our firm in the market.


As a member of our team in the EY GDS Spain office in Malaga, you’ll have a chance to extend your knowledge & experience by working on interesting projects with the newest technologies and approaches. You’ll support clients in choosing the most suitable business solution and take part in digital transformation.


Your key responsibilities
Execution of projects related to Solvency II:

• Review of economic balance and SCR/MCR calculations
• Preparation of Projections for ORSA
• Support in reporting requirements (Pillar III)
• Actuarial function
• Documentation and process improvement

Execution of actuarial consulting projects related to:

• Regulatory framework (IFRS 17, ROSSEAR/ROSSP)
• Life and non-life reserving
• Valuation of pension commitments

Skills and attributes for success

• Interested in Insurance
• Problem-solving and troubleshooting with an eye for details
• Good communication and presentation skills
• Excellent command of English (written and spoken)

To qualify for the role, you must have

• Education in engineering, mathematics, statistics, physics, actuarial sciences, or other technical degrees with a strong quantitative specialization.
• Knowledge of Solvency II, especially in Pillar I and II.
• Knowledge of IFRS17 regulations.
• Non-Life Reserving.
• Life Modeling.
• Pricing.
• Actuarial Audit.
• Reinsurance.
• Knowledge of local regulations on technical provisions.
• Financial knowledge and asset valuation.
• Analysis and optimization of capital requirements under SII.
• Proficiency in Visual Basic, SQL, programming in R or Python.

Ideally, you’ll also have

• Knowledge of CAT reinsurance and other alternative risk mitigation techniques.
• Knowledge of Actuarial Software (Prophet, Modelling, etc.).
• Knowledge of ESG applicable to the insurance industry.Adaptability to the environment, where sustained and sustainable growth of the firm and optimal solutions for client issues are prioritized.

• Participation in creating a good working environment.
• Strong communication and synthesis skills (very important), and initiative to work on them.
• Availability to travel.

What we look for


Increase the value of our Financial Services - Actuarial team in order to provide better service to our clients and assist in digital transformation in a changing and dynamic environment.


What we offer
In EY GDS Spain, you will collaborate with our teams on exciting projects and work with well-known brands from across the globe. We’ll introduce you to an ever-expanding ecosystem of people, learning, skills, and insights that will stay with you throughout your career.

• 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.

About EY GDS
EY Global Delivery Services (EY GDS) is a dynamic and truly global delivery network of over 75,000 people working across the world, to provide innovative and strategic business solutions to our clients worldwide. We play a vital role in growth strategy, helping our clients become agile and efficient, and helping fulfill our purpose to build a better working world.


From accountants to coders, we offer a wide variety of fulfilling career opportunities that span all business disciplines. We look for skills that are evergreen and our roles evolve with industry trends. We also work across Finance, Business Development, Technology, Talent, Procurement and Risk Management functions to help our teams operate as efficiently and effectively as possible.


Across our 10 locations and 21 cities, we work with teams from all service lines, geographies, and sectors. We operate in Argentina, China, Hungary, India, the Philippines, Poland, Sri Lanka, Mexico, Spain and the United Kingdom.


Our EY GDS Spain office is located at Malaga Technology Park and currently employs over 750 people.


If you are interested in being part of our team, we kindly invite you to get in touch with us.


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