Non Life Actuary - Risk & Capital - Senior Manager

PwC UK; Bristol; On-site; GBP 70,000 - 100,000; Full time

Job summary

PwC UK is seeking a Non Life Actuary - Risk & Capital - Senior Manager to join their Bristol office. This role involves providing expert advice on risk management, financial modelling, and strategic decision-making, as well as leading a team to deliver comprehensive solutions for clients in the insurance sector. Ideal candidates will have strong actuarial qualifications, excellent communication skills, and a drive to mentor junior staff.

Benefits

Flexible working arrangements

Private medical cover

Volunteering days

Qualifications

• Experience in risk and capital modelling, including model development and validation.
• Good understanding of capital modelling techniques and risk management.
• Ability to communicate complex issues to senior management.

Responsibilities

• Provide advice on solvency, economic capital, and risk management.
• Manage and deliver actuarial assignments and interact with clients.
• Support strategic management of the practice and develop junior staff.

Skills

Risk management

Financial modelling

Capital modelling

Communication

Education

Actuarial qualifications

Tools

Solvency II internal models

Igloo

ReMetrica

Tyche

Job description

Non Life Actuary - Risk & Capital - Senior Manager

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Non Life Actuary - Risk & Capital - Senior Manager

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• 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.
• 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.
  
  

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.
• 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.
• 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 successful Risk & Capital proposition is growing fast – responding to client challenges in the face of changing commercial pressures, M&A and regulation. We are seeing increasing demand to help clients understand their risks more quantitatively and how this impacts on their capital and growth plans and are looking to grow our team.
• 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

• 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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Accounting

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