Non Life Actuary - Risk & Capital - Senior Manager

Pwc UK • Homewood, AL

40d • Hybrid

About The Position

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.

Requirements

• 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
• Ability to communicate complex, technical issues to senior management simply and incisively is essential.
• Experience in risk and capital modelling (for example, model development and implementation, and model validation)
• Strong understanding of insurance risks and their dependencies or have a strong desire to develop such a focus.

Nice To Haves

• 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).
• 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.

Responsibilities

• 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.
• Contribute general insurance advice and consulting services to clients such as insurers, regulators, private equity, and related companies such as agents and administrators.
• 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.
• 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.
• Be involved in the development of more junior staff through on the job coaching, or acting as a career coach, mentor or study mentor.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees