Non Life Actuary - Manager

PwC UK Alumni; London; On-site; GBP 50,000 - 80,000; Full time

Job summary

PwC is seeking an actuarial consultant to join their Non-Life Actuarial team in London. This role involves delivering consulting services to clients in general insurance, providing expert advice, managing projects, and mentoring junior staff. Candidates should have a strong actuarial background, project management experience, and a good understanding of insurance regulations.

Benefits

Private medical cover

24/7 access to a qualified virtual GP

Flexible work arrangement

Volunteering days

Qualifications

• Background as a recognized general insurance consultant or delivered actuarially related projects.
• Experience in leading actuarial projects and managing teams.
• Good understanding of reserving and/or pricing techniques.

Responsibilities

• Providing advice on solvency and risk management.
• Managing a range of actuarial assignments.
• Interacting with clients as the main point of contact.

Skills

Project Management

Communication

Actuarial Techniques

Financial Reporting

Risk Management

Education

Actuarial Qualification

Tools

Solvency II

IFRS 17

Job description

About the role:

• The PwC Actuarial practice comprises over 300 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 fifteen strong partner team. We play the leading role in the 1000+ strong actuarial community in PwC worldwide and often work with specialists from other disciplines within PwC.

• A career within the Non-Life Actuarial team will provide you with the opportunity to contribute general insurance advice and consulting services to clients such as insurers, regulators, private equity, and related companies such as agents and administrators.

• Our team advises clients in the general insurance and non-insurance industries on business risks and regulatory updates 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. Our clients trust us to provide well informed and insightful challenges to their business, and the models they use to inform decision making.

• Our practice is market leading in the General Insurance space – offering unparalleled access to solving some of the biggest challenges in the non-life industry today for a vast array of clients – large multi-national composites, Lloyd’s & London Market, UK & European Personal & Commercial, and Reinsurance Market including many of the well known brands, from global reinsurers to niche players.

What your days will look like:

• You’ll provide advice covering solvency, economic capital, risk management, mergers and acquisitions, company restructuring and risk control, financial modelling, business planning, new legislation, and the efficiency and reliability of reporting processes.

• You’ll manage and deliver a wide range of concurrent actuarial and multidisciplinary assignments.

• You’ll interact with clients, often as the main point of contact on assignments.

• You’ll have the opportunity to work in multidisciplinary teams or with people from our network firms overseas.

• You’ll take an active role in supporting the strategic management and running of the practice, e.g. through being involved in developing one of our core product areas such as IFRS 17, risk and capital or developing and presenting training programs for graduates and staff.

• You’ll be involved in the development of more junior staff through on the job coaching, or acting as a career coach, mentor or study mentor.

This role is for you if:

• You have a background either as a recognised general insurance consultant or have successfully delivered significant, actuarially related projects from within the general insurance industry.

• You have led actuarial or multidisciplinary projects, being responsible for project management and delivery, including the management, development and growth of staff, delegation of responsibilities and delivering projects to time and budget.

• You have a good understanding of a broad range of commonly used reserving and/or pricing techniques, the key actuarially-orientated and regulatory issues faced by the market, and a good working knowledge of one or more of financial reporting, risk and capital, Solvency II, model validation or other related non-life insurance work.

• You have experience of implementation of Solvency II or IFRS 17, or related experience, would be a benefit.

• Statement of Actuarial Opinion (SAO) and Lloyd's experience would be beneficial.

• You are able to communicate complex technical matters in a clear way.

• You have wider commercial awareness, including the understanding of wider business issues facing the insurance industry.

What you’ll receive from us:

No matter where you may be in your career or personal life, our benefits are designed to add value and support, recognising and rewarding you fairly for your contributions.

We offer a range of benefits including empowered flexibility and a working week split between office, home and client site; private medical cover and 24/7 access to a qualified virtual GP; six volunteering days a year and much more.