Finance Transformation, Insurance Consulting - Senior Associate

PricewaterhouseCoopers•Chicago, IL

1d•Onsite

About The Position

A career in our Financial Operations practice, within Finance Consulting services, will provide the opportunity to work alongside CEOs, CFOs, controllers and treasurers to optimise the structure of their finance functions and improve their contribution to the business. We support our clients by addressing the challenges of achieving appropriate standards of control, efficient back office opportunities and support to the business through insight and challenge. Our team helps clients transform their finance function by executing strategies to reduce functional and operational complexity through streamlined processes, optimise d use of technology, and efficient use of resources to deliver cost effective, high quality services to all stakeholders. As a Senior 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: Use feedback and reflection to develop self awareness, personal strengths and address development areas. Delegate to others to provide stretch opportunities, coaching them to deliver results. Demonstrate critical thinking and the ability to bring order to unstructured problems. Use a broad range of tools and techniques to extract insights from current industry or sector trends. Review your work and that of others for quality, accuracy and relevance. Know how and when to use tools available for a given situation and can explain the reasons for this choice. Seek and embrace opportunities which give exposure to different situations, environments and perspectives. Use straightforward communication, in a structured way, when influencing and connecting with others. Able to read situations and modify behavior to build quality relationships. Uphold the firm's code of ethics and business conduct.

Requirements

Bachelor's Degree
4 years of experience

Nice To Haves

Master's Degree in Accounting, Business Administration/Management, or Finance preferred
Certified Public Accountant (CPA)
Exhibiting proficiency in reinsurance contract analysis and interpretation
Possessing familiarity with reinsurance accounting systems and software (e.g. TAI)
Demonstrates understanding of L&A insurance company financial statements, including income statement, balance sheet, and cash flow statement, with a focus on underwriting profitability, claims analysis, and reserve adequacy
Demonstrates familiarity with L&A insurance regulatory requirements and compliance, including industry-specific frameworks such as LDTI
Demonstrating experience with reinsurance financial statement preparation, including income statement, balance sheet, and cash flow statement
Understanding of reinsurance cash management and reconciliation processes
Demonstrating knowledge of reinsurance regulatory requirements and compliance
Demonstrates knowledge of management reporting techniques and tools, such as key performance indicators (KPIs), variance analysis, and forecasting
Utilizing problem-solving skills and attention to detail in identifying and resolving accounting discrepancies
Leveraging communication skills to effectively collaborate with internal finance teams and external stakeholders

Responsibilities

Demonstrate proficiency in analyzing reinsurance contracts
Demonstrate knowledge of L&A insurance products, underwriting practices, and risk management concepts
Utilize reinsurance accounting systems and software effectively
Mentor junior team members and uphold exemplary standards
Foster and maintain enduring client relationships
Gain a thorough understanding of the business context
Manage complex scenarios to achieve quality outcomes
Grow personal brand and technical skills
Apply critical thinking to address complex issues