Risk Modelling Services, Actuarial P&C Senior Associate

Pwc Canada•Toronto, ON

10d

About The Position

A career in the Risk Modelling Services (RMS) team as a Property & Casualty Actuary offers the opportunity to contribute risk modeling and general insurance advice and consulting services to insurance and reinsurance companies, and government agencies, along with audit support for various insurance entities. The role involves working directly with experienced actuaries and other actuarial associates on a wide range of projects including appointed actuary and audit support, reserving, pricing, financial condition testing, solvency and capital management, and economic capital. There will also be opportunities to engage in risk modeling for insurance pricing and emerging risks like climate and cyber, and to develop tools and models leveraging machine learning and advanced finance analytics. The position offers a clear career path, supportive leadership, and diverse learning and development opportunities to foster well-rounded professionals. As a Senior Associate, the individual will be part of a team of problem solvers, addressing complex business issues from strategy to execution.

Requirements

Progressive experience in the P&C insurance industry including policy liability valuation, financial condition testing, IFRS 17, pricing, or predictive modeling
Actively pursuing Canadian Institute of Actuaries qualification of FCIA
Commitment to providing excellent client service, by building and maintaining productive relationships with both internal and external clients
Advanced analytical, problem solving and multitasking/project management skills
Proficiency in reserving or statistical applications such as Arius, R, or Python
Continuous improvement mind-set, challenges the status status quo and seeks self-improvement
Strong written and oral communication skills, including experience presenting in a business context
A demonstrated commitment to valuing differences and working alongside and/or coaching diverse people and perspectives

Nice To Haves

Proven ability working with data analytic tools (Tableau, Alteryx, VBA)
Prior experience within a consulting or advisory role (or capable to work in a consulting/audit environments and project-based work)

Responsibilities

Supporting teams in a broad range of actuarial consulting services and transformation initiatives
Work closely with senior actuaries on appointed actuary services including actuarial liability valuation and financial condition testing, product development, advisory services, and insurance accounting standards (IFRS 17)
Support the team in audit support services including re-performing the actuarial liabilities valuation, and reviewing valuation methodologies and assumptions
Analyzing client information in order to conclude whether the actuarial liabilities are fairly presented in the financial statements
Supporting clients with their modelling needs for climate, cyber, and insurance pricing
Collaborate with other actuaries on a variety of projects, including cross-functional projects with other departments within PwC
Support relationship building with our clients
Share findings and recommendations to non actuarial teams in a clear and non-technical manner
Support and help upskill junior staff