Non Life Actuary - Risk & Capital - Manager

PwC; Greater London; Hybrid; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Empowered flexibility

Private medical cover

Volunteer days

Job summary

PwC’s Actuarial practice in London is seeking a Manager to contribute to non-life actuarial advisory, risk and capital modelling, and broader consulting services for insurers and related clients. You will lead multi-disciplinary teams, manage client engagements, and help develop new product areas while mentoring junior colleagues.

The role builds on PwC’s market-leading General Insurance practice with opportunities to work across global client portfolios in a collaborative environment.

Qualifications

• Experience in risk and capital modelling and model development/validation.
• Strong understanding of insurance risks and dependencies.
• Experience with Solvency II internal models and regulatory relationships.
• Ability to communicate complex technical issues to senior management clearly and concisely.

Responsibilities

• Provide advice covering solvency, economic capital, risk management, M&A, restructuring and reporting efficiency.
• Manage and deliver a range of actuarial and multidisciplinary assignments with client contact.
• Contribute to strategic management of the practice and development of core product areas (risk and capital, ESG).
• Mentor and coach junior staff and graduates on the job.

Skills

Actuarial Science

Analytical Thinking

Financial Modeling

Risk Analysis

Communication

Tools

Igloo

ReMetrica

Tyche

Job description

Line of Service

Advisory

Industry/Sector

Not Applicable

Specialism

TRS Consulting

Management Level

Manager

Job Description & Summary

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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.

• As a Manager, you’ll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. You’ll manage and deliver a wide range of concurrent actuarial and multidisciplinary assignments where you’ll interact with clients, often as the main point of contact on assignments. You’ll also 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 in risk and capital, such as risk challenge or ESG, 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:

• We are currently seeking a Manager to help us with our successful & expanding risk & capital proposition. 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 and self-motivated.

• You will also have a good understanding of a broad range of commonly used capital modelling, risk management techniques and broader commercial awareness of the key issues faced by the market and an ability to communicate complex, technical issues to senior management simply and incisively is essential. Additionally, experience across our wider offering would be viewed favourably (Catastrophe Risk; Reserving & Pricing; Deals; IFRS17; Audit; ) as would a focus on new and emerging areas (e.g. Cyber, Climate, ESG).

• You will have experience in risk and capital modelling (for example, model development and implementation, and model validation), and a strong understanding of insurance risks and their dependencies or have a strong desire to develop such a focus. Experience with Solvency II internal models, risk management, capital modelling software packages (e.g. as Igloo, ReMetrica, Tyche), and managing regulatory relationships would be advantageous.

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

Education

(if blank, degree and/or field of study not specified)

Certifications

(if blank, certifications not specified)

Required Skills

Optional Skills

Accepting Feedback, Accepting Feedback, Active Listening, Actuarial Science, Analytical Thinking, Coaching and Feedback, Communication, Complex Data Analysis, Creativity, Embracing Change, Emotional Regulation, Empathy, Financial Data Mining, Financial Modeling, Financial Risk Analysis, Financial Risk Management, Inclusion, Intellectual Curiosity, Learning Agility, Optimism, Presenting Financial Reports, Professional Courage, Relationship Building, Risk Analysis, Risk Model Implementation {+ 8 more}

Desired Languages

(If blank, desired languages not specified)

Travel Requirements

0%

Available for Work Visa Sponsorship?

Yes

Government Clearance Required?

No