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Insurance – Prudential Regulatory Consultant - Manager

Employer
PwC
Location
London, United Kingdom
Salary
Competitive
Closing date
2 Aug 2024

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Sector
Accounting - practice
Salary band
Competitive
Contract type
Permanent
Hours
Full Time
Where will they be working
Hybrid - mostly office

Job Details

Who we are looking forWe are looking for individuals at Manager grade who have relevant experience and knowledge of prudential regulation and accounting in the insurance market to advise and support the delivery of regulatory projects to our large number of clients in this sector. PwC is the leading risk and regulatory advisory firm in this space and our team is looking for additional talent to supplement the team as we look to expand.
Background to the Insurance Regulatory Market

The regulatory environment for the insurance industry in the UK is continuously changing. Firms have had to adapt their business models and respond to the changes arising from Brexit, the challenges of Covid-19 (both operationally and financially), the slowdown in UK/Global economic growth, increased economic volatility and rates of inflation, just to name a few examples. Similarly regulation and regulator expectations have been evolving, including the implementation of Consumer Duty, Solvency UK reforms and developing regulations in respect of recovery and resolution planning.

Insurers, insurance intermediaries and investors into the sector are continually looking to evolve and grow their businesses by expanding their products and services and the markets they operate in through both organic and inorganic means. Firm's are are looking to optimise their businesses through new technologies, adopting more efficient processes and to optimise their use of capital through the use of models and structures. Firms need support in navigating regulation as they seek to achieve their commercial objectives and make insurance more widely available and our clients value the knowledge, insight and regulatory relationships that we hold.

Working within our Team

As the leading provider of professional services to the insurance industry, PwC works with all of the leading insurers in the UK. If successful, you will work on a range of exciting projects across many areas of the regulatory spectrum gaining a diverse understanding of the risks faced by insurers and intermediaries and provide advice on innovative solutions. As a team we work collaboratively on projects, often with colleagues from other specialisms. We also aim to empower individuals to seek areas of focus, supporting development in those areas through on the job learning and mentoring. You will also have access to PwC's market leading development framework in order to get full support through your personal development.

Responsibilities

The responsibilities will vary depending upon the client and the engagement profile. Amongst others, you will be:
  • Building meaningful relationships with clients and internally across the PwC network through client engagements and networking;
  • Being the main client contact and lead manager on engagements, or supporting more senior team members in this role on larger or more complex projects;
  • Coaching more junior team members and reviewing their work;
  • Preparing regulatory analysis and reports;
  • Being agile and working across a range of different subjects and projects;
  • Developing specialist regulatory knowledge and supporting our subject matter experts in delivering insight and expertise in areas of regulation, potentially moving towards being a subject matter expert yourself;
  • Identifying and assessing key controls for demonstrating compliance with applicable regulations;
  • Technical research, analysing current and emerging regulation and supporting an assessment of their impact on a client or the sector generally;
  • Communication of regulatory findings, verbally and written, to clients in a pragmatic and helpful manner;
  • Supporting senior team members in identifying and developing opportunities through marketing and sales activities and client contact programmes with senior client staff.


Requirements

The following skills are required for this role:

Essential skills:
  • Prior knowledge of the insurance sector, including a strong understanding of prudential regulation (Solvency II) and regulatory expectations faced by insurers;
  • Experience advising, supervising or working for insurers in a risk, regulatory or capital & reporting capacity;
  • An ability to understand, interpret and communicate complex prudential regulation to a range of audiences;
  • Strong client handling and relationship management skills;
  • Strong written and verbal communication skills;
  • Experience of problem solving and ability to implement and deliver solutions tailored to clients' needs; and
  • Ability to manage and deliver against deadlines while working on multiple projects.

Company

Our values define how we do things. And our purpose is why we exist - now more than ever - to build trust in society and solve important problems for our clients and our communities. In a world we no longer recognise, we need to rely on the strength and agility of our people to help us to navigate these uncertain times.

We're committed to ensuring that care and our people's wellbeing remains central to our culture. While we may not know what’s ahead, we can do all we can to help shape the future. As we continue to navigate this unprecedented time, it’s important that we support our people, to help them take care of themselves and to ensure the right support is available when it’s needed.

For now, we ask you to join our talent network and stay in touch with what’s happening in real time, including new possibilities as they arise. Visit our website for more information on how we’re responding to this pandemic and what changes we’re making to our recruitment process. 

Stay safe and stay connected in this rapidly changing world.

PwC

Opportunities are at the heart of a career with us.   Opportunities for you to sharpen your skills, collaborate with experts, build lasting relationships and make an impact in a place where people, quality and value mean everything.

Our offer to you...

·         Be part of the world’s leading professional services network and enjoy the benefits that come with that.

·         Meet and collaborate with highly talented people from diverse backgrounds, developing new ways of thinking, creating value for you, for PwC and for our clients.

·         Work in a challenging and stimulating environment where you’ll be inspired to reach your full potential.

·         Identify and develop your skills, build on your existing strengths and discover new ones you didn’t know you had. Watch your expertise and influence grow with us.

 

The PwC deal

No matter which area of the business you choose to join, all offer the same deal.  The opportunity to grow as an individual, to meet new people, and build lasting relationships that will stay with you for life.  All whilst making an impact in a place where people, quality, and value, mean everything.  Your hard work will be rewarded with a competitive salary and a personally tailored benefits package.

 

What you need to bring to us

Your intellect, willingness to learn, ability to build relationships, put yourself in others’ shoes, while always making a positive impact with our clients and each other.

The skills, insights and connections you develop at PwC are career defining wherever your career may take you. It’s the opportunity of a lifetime. Take it.

 

 

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