A career in our Actuarial Non-Life Services practice, within Actuarial Services, will provide you with the opportunity to contribute general insurance advice and consulting services to clients such as insurers, banks, regulators, and third-party administrators. You'll provide advice covering solvency, economic capital, risk management, mergers and acquisitions, company restructuring and risk control, financial modelling, underwriting, new legislation, and the efficiency of claims or reporting processes. Simply put, you might help analyse the impact that new regulation will have on an insurance company's balance sheet, or you could be revising businesses' projections and making sure they have adequate reserves. Our team advises clients in the general insurance and non-insurance industries on regulatory updates and business risks from natural catastrophes to mortgage defaults. We develop comprehensive risk analysis and mathematical models to help organisations enhance their business forecasting capabilities, limit their risks, and use their data informatively to make better strategic business decisions.
About the roleOur clients trust us to provide well informed and insightful challenges to their business, and the models they use to inform decision making.
Our successful Risk & Capital proposition is growing fast - responding to client challenges in the face of changing regulation and cyclical pressures with increasing demand to help clients understand their risks more quantitatively and how this impacts on their capital and growth plans.
We are currently seeking a Senior Associate to help us with our successful & expanding risk & capital proposition and support our wider Non-Life offering, which includes:
- Catastrophe Risk
- Reserving & Pricing
- Exposure Management
- Deals
- IFRS17
- Cyber, Climate, and ESG
As a Senior Associate, you'll work as part of a team of problem solvers, delivering a wide range of assignments where you'll interact with clients. You'll also have the opportunity to work in multidisciplinary teams and/or with people from our network firms overseas.
Essential Requirements:- You will likely be working towards an Actuarial or similar qualification, or;
- From a strong quantitative background
- Experience in risk and capital modelling (for example, model development and implementation, or model validation),
- Experience with Solvency II internal models, risk management, or software packages such as Igloo, ReMetrica,Tyche, or other actuarial areas such as reserving & pricing.
- You may have modelling experience from a different background, such as Life or Pensions, and be looking to further your career elsewhere.
We are looking for individuals with relevant experience who are able to work well as part of a team and who are responsible, agile, clear-thinking, self-motivated and good communicators.
About PwCOne of the world's leading professional services organisations. From 158 countries, we help our clients, some of the most successful organisations on the globe, as well as its most dynamic entrepreneurs and thriving private businesses, to create the value they want. We help to measure, protect, and enhance the things that matter most to them.
About The Practice The PwC Actuarial Services practice comprises over 250 partners and staff. With offices in London, Edinburgh, Manchester, Bristol and Mumbai, our consultants focus on non-life, life, banking, and non-insurance, led by a twelve strong partner team. This makes us the largest actuarial practice within the large accounting firms. We play the leading role in the 800 strong actuarial community in PwC worldwide.
We are planning to expand against a background of high client demand for our services; We have unrivalled client base and breadth of project types, and we provide support to clients in relation to all aspects of general insurance including reserving, Solvency II, corporate restructuring and liability management, mergers & acquisitions and IPOs, financial modelling, risk management solutions, audit support and IFRS 17, both in the UK and across Continental Europe.
Recognised as one of the leaders in the development of Solvency II best practice in the UK and we are building a strong platform as a post-Solvency II business. Our clients include all the leading UK insurers and European multinationals. We have a strong sense of culture developed over our 25-year history.
The skills we look for in future employees.All our people need to demonstrate the skills and behaviours that support us in delivering our business strategy. This is important to the work we do for our business, and our clients. These skills and behaviours make up our global leadership framework, 'The PwC Professional' and are made up of five core attributes; whole leadership, technical capabilities, business acumen, global acumen and relationships.
Learn more here:
The DealWe want all of our people to feel empowered to be the best that they can be, which is why we have 'The Deal'.
Find out more about our firmwide Employee Value Proposition:
Diversity Valuing Difference. Driving Inclusion.
We work in a changing world which offers great opportunities for people with diverse backgrounds and experiences. We seek to attract and employ the best people from the widest talent pool because creating value through diversity is what makes us strong as a business, enabling us to solve important problems and deliver value to our clients. We encourage an inclusive culture where people can be themselves, are valued for their strengths and are empowered to be the best they can be. As an organisation with an increasingly agile workforce, we also support different ways of working offering flexible working arrangements.
Learn more here about our work to support an inclusive culture:
