As one of the UK's largest Actuarial practices we're market leaders providing insights and solutions for all businesses that face significant and complex risks. We play an important role in supporting clients through uncertain times. Actuaries analyse how future events could affect businesses and we calculate the impact these events could have on our clients. Using our risk and analytical skills and predictive insights, we calculate the impact of changing demographics or legislation on pension schemes, the effects that changes in financial markets have on different organisations, or how likely a business is to be hit by an earthquake.A career in our Actuarial Non Life Services practice, 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'll 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. Simply put, 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.Our team advises clients in the general insurance and non insurance industries on regulatory updates and business risks 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.
About the role
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.
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.
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 challenge to their business, and the models they use to inform decision making.
Our successful Risk & Capital proposition is growing fast - responding to client challenges in the face of changing regulation and cyclical pressures with increasing demand to help clients understand their risks more quantitatively and how this impacts on their capital and growth plans.
We are currently seeking a Senior Associate to help us with our successful & expanding risk & capital proposition and support our wider Non-Life offering (including Catastrophe Risk; Reserving & Pricing; Exposure Management; Deals; IFRS17 and, increasingly, areas such as Cyber, Climate, and ESG). You will likely be working towards an Actuarial or similar qualification, however we would welcome those who are also not actively studying but are from a strong quantitative background.
We are looking for individuals with relevant experience who are able to work well as part of a team and who are responsible, agile, clear-thinking, self-motivated and good communicators.
You may have some experience in risk and capital modelling (for example, model development and implementation, or model validation), experience with Solvency II internal models, risk management, or software packages such as Igloo, ReMetrica or Tyche, or other actuarial areas such as reserving & pricing. Alternatively, you may have modelling experience from a different background, such as Life or Pensions, and be looking to further your career elsewhere - we would certainly be open to candidates from these fields where you are looking for new challenges and can leverage your existing skills in a new environment!
As a Senior Associate, you'll work as part of a team of problem solvers, delivering a wide range of assignments where you'll interact with clients. You'll also have the opportunity to work in multidisciplinary teams and/or with people from our network firms overseas.
We're one of the world's leading professional services organisations. From 158 countries, we help our clients, some of the most successful organisations on the globe, as well as its most dynamic entrepreneurs and thriving private businesses, to create the value they want. We help to measure, protect and enhance the things that matter most to them.
About The Practice
The PwC Actuarial Services practice comprises over 250 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 twelve strong partner team. This makes us the largest actuarial practice within the large accounting firms. We play the leading role in the 800 strong actuarial community in PwC worldwide.
We are planning to expand against a background of high client demand for our services; We have unrivaled client base and breadth of project types, and we provide support to clients in relation to all aspects of general insurance including reserving, Solvency II, corporate restructuring and liability management, mergers & acquisitions and IPOs, financial modeling, risk management solutions, audit support and IFRS 17, both in the UK and across Continental Europe.
We are recognised as one of the leaders in the development of Solvency II best practice in the UK and we are building a strong platform as a post-Solvency II business. Our clients include all the leading UK insurers and European multinationals. We have a strong sense of culture developed over our 25-year history.
The skills we look for in future employees
All our people need to demonstrate the skills and behaviors that support us in delivering our business strategy. This is important to the work we do for our business, and our clients. These skills and behaviors make up our global leadership framework, The PwC Professional
The PwC Professional focuses on five core attributes; whole leadership, technical capabilities, business acumen, global acumen and relationships. We use this framework to recruit, develop and assess our people, at all grades and all areas of our business, because we expect all of our people to be leaders