Associate - Business Mathematics & Informatics

PricewaterhouseCoopers; Johannesburg; On-site; ZAR 400,000 - 500,000; Full time

Job summary

A leading consulting firm in Johannesburg is seeking an Associate in Actuarial Services. The role involves providing financial risk analysis and advice to various clients. Candidates should have an Honours or Masters degree in Actuarial Science and strong analytical skills. Experience is preferred but not mandatory. The firm offers competitive benefits and opportunities for professional growth.

Qualifications

• Graduated in Actuarial Science or related fields.
• Less than 1 year of experience in consulting or banking.
• Technical programming knowledge is advantageous.

Responsibilities

• Provide general insurance advice and consulting services.
• Analyse financial risks and provide recommendations.
• Work with a team to solve complex business issues.

Skills

Analytical thinking

Professional and technical standards knowledge

Data manipulation

Communication skills

Feedback and collaboration

Education

Honours or Masters degree in Actuarial Science

Quantitative Risk Management

Mathematical Statistics

Tools

SAS

VBA

Matlab

Job description

Overview

Management Level: Associate

At PwC our people in risk and compliance focus on maintaining regulatory compliance and managing risks for clients providing advice and solutions. They help organisations navigate complex regulatory landscapes and enhance their internal controls to mitigate risks effectively.

In actuarial services at PwC you will be responsible for analysing and managing financial risks for clients through statistical modelling and data analysis. Your work will generate valuable insights and recommendations to help businesses make informed decisions and mitigate potential risks.

Driven by curiosity you are a reliable contributing member of a fast-paced environment; you are expected to adapt to working with a variety of clients and team members, each presenting varying challenges and scope. Every experience is an opportunity to learn and grow. You are expected to take ownership and consistently deliver quality work that drives value for our clients and success as a team. As you navigate through the Firm you build a brand for yourself opening doors to more opportunities.

Skills, Knowledge & Experiences

• Apply a learning mindset and take ownership for your own development.
• Appreciate diverse perspectives, needs and feelings of others.
• Adopt habits to sustain high performance and develop your potential.
• Actively listen, ask questions to check understanding and clearly express ideas.
• Seek, reflect, act on and give feedback.
• Gather information from a range of sources to analyse facts and discern patterns.
• Commit to understanding how the business works and building commercial awareness.
• Learn and apply professional and technical standards (e.g. refer to PwC tax and audit guidance); uphold the Firm’s code of conduct and independence requirements.

Job Purpose

A career 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 will 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. 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.

Principal Accountabilities

As an Associate you’ll work as part of a team of problem solvers helping to solve complex business issues from strategy to execution. PwC Professional skills and responsibilities for this management level include but are not limited to:

• Invite and give in the moment feedback in a constructive manner.
• Share and collaborate effectively with others.
• Identify and make suggestions for improvements when problems and/or opportunities arise.
• Handle, manipulate and analyse data and information responsibly.
• Follow risk management and compliance procedures.
• Keep up-to-date with developments in area of specialism.
• Communicate confidently in a clear, concise and articulate manner – verbally and in the materials you produce.
• Build and maintain an internal and external network.
• Seek opportunities to learn about how PwC works as a global network of firms.
• Uphold the firm’s code of ethics and business conduct.

Minimum Qualifications

• Honours or Masters degree in Actuarial Science
• Quantitative Risk Management
• Mathematical Statistics, Financial Modelling
• Financial Engineering
• Mathematical Finance Mathematics
• Computer Science
• Technical knowledge of programming languages like SAS, VBA and Matlab is an advantage

Experience

• 0-1 year of experience in a consulting / banking environment

Key Knowledge & Skills

• Knowledge of banking environment and credit risk (advantage)

Travel & Availability

• Travel up to 20%
• Available for Work Visa Sponsorship