Non-Life Actuary (Risk & Capital), Manager

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.
About Risk:

We're a leading provider of trust in the digital world - in the eyes of our people, our clients and our stakeholders. Today's business environment is different. More complex. More connected. Companies not only face new and unknown risks, but also new and untapped opportunities. Our team is at the forefront of this change, join us to be a part of transforming how risk is perceived and capitalised on.

About the team:

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. This makes us the largest actuarial practice within the large accounting firms. We play the leading role in the 1000+ strong actuarial community in PwC worldwide and often work with specialists from other disciplines within PwC.

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 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.

Preferred skills

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.

We are currently seeking a Manager to help us with our successful & expanding risk & capital proposition. 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 and self-motivated.

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 may 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. 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.

Alternatively, you may have similar experience to that described above (e.g. Asset Liability Modelling) but come from a different background, such as Life or Pensions, and be looking to further your career in a different area - 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 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.

The PwC Professional

To really stand out and make us fit for the future in a constantly changing world, each and every one of us at PwC needs to be a purpose-led and values-driven leader at every level. To help us achieve this we have the PwC Professional; our global leadership development framework. It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future.

PwC Professional skills and responsibilities for this management level include but are not limited to:

• Develop new skills which are outside your comfort zone
• Maintain positive energy in the face of obstacles or when dealing with complexity
• Coach others, recognise their strengths and encourage them to take ownership of their personal development
• Uphold the firm's code of ethics and business conduct.
• Encourage new ways of thinking, leveraging the latest technology
• Use multiple sources of information, including broader stakeholder views, to develop solutions and recommendations
• Protect the firm through implementing risk management and compliance procedures
• Maintain a fresh perspective on local, global and cross-cultural issues
• Provide well reasoned and self-assured responses, even when challenged
• Focus on building meaningful relationships with people at all levels
• Understand and manage client expectations, seeking and acting on client feedback

The firm offers an unparalleled development framework which not only ensures we have strong technical experience, but also supports wider softer skills which are vital to success with our clients. In addition you will work closely with, and learn from, our experienced leaders, benefitting from their diverse experience and propelling your career progression.

The firm offers an unparalleled development framework which not only ensures we have strong technical experience, but also supports wider softer skills which are vital to success with our clients. In addition you will work closely with, and learn from, our experienced leaders, benefitting from their diverse experience and propelling your career progression.

The Deal

We want all of our people to feel empowered to be the best that they can be, which is why we have 'The Deal'.

Find out more about our firmwide Employee Value Proposition: www.pwc.co.uk/careers/about-us/the-new-deal.html

Diversity

Valuing Difference. Driving Inclusion.

We work in a changing world which offers great opportunities for people with diverse backgrounds and experiences. We seek to attract and employ the best people from the widest talent pool because creating value through diversity is what makes us strong as a business, enabling us to solve important problems and deliver value to our clients. We encourage an inclusive culture where people can be themselves, are valued for their strengths and are empowered to be the best they can be. As an organisation with an increasingly agile workforce, we also support different ways of working offering flexible working arrangements.

Learn more here about our work to support an inclusive culture.

www.pwc.com/uk/diversity