Non Life Actuary - Senior Manager
Employer Location London, United Kingdom Salary Competitive Closing date 12 Mar 2024
Sector Salary band Contract type Hours Where will they be working? You need to or to save a job.
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.
As a Senior Manager, you'll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. PwC Professional skills and responsibilities for this management level include but are not limited to: Encourage everyone to have a voice and invite opinion from all, including quieter members of the team. Deal effectively with ambiguous and unstructured problems and situations. Initiate open and candid coaching conversations at all levels. Move easily between big picture thinking and managing relevant detail. Anticipate stakeholder needs, and develop and discuss potential solutions, even before the stakeholder realises they are required. Contribute technical knowledge in area of specialism. Contribute to an environment where people and technology thrive together to accomplish more than they could apart. Navigate the complexities of cross-border and/or diverse teams and engagements. Initiate and lead open conversations with teams, clients and stakeholders to build trust. Uphold the firm's code of ethics and business conduct.
You will have spent most of your career to date in the general insurance market, either within a company, consultancy or regulatory environment.
We are looking for individuals with relevant experience with following key skills: who are able to lead and collaborate well as part of a diverse and inclusive team; who are agile, clear-thinking and commercially astute; who enjoy challenges and complexity and can navigate these effectively, with a passion for problem solving, and delivering valuable insights to stakeholders; an ability to communicate complex, technical issues to senior management simply and incisively; responsible, self-motivated, and passionate about developing their potential and those around them; a strong non-life network, presence in the actuarial industry (for example, working parties, industry forums and events), or be willing and able to actively pursue these opportunities. Statement of Actuarial Opinion (SAO) and Lloyd's experience would be beneficial
You will also have a good understanding of a broad range of commonly used capital modelling and risk management techniques and broader commercial awareness of the key issues faced by the market. Additionally, experience across our wider offering would be viewed favourably (Catastrophe Risk; Reserving & Pricing; Exposure Management; Deals; IFRS17; Audit) as would a focus on new and emerging areas (e.g. Cyber, Climate, ESG).
As a Senior Manager, you'll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. We'd also expect you to take an active role in the strategic management and running of the practice and take a lead on one of our core product areas in risk and capital such as risk challenge or climate change/ESG. You'll also have opportunities to be involved as lead actuarial account driver on a number of our UK general insurance clients. On a day-to-day basis, you'll lead, manage and deliver a wide range of concurrent actuarial and multidisciplinary assignments, and act as our clients main point of day-to-day contact on assignments.
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:
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.
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 and stay in touch with what’s happening in real time, including new possibilities as they arise. Visit our 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.
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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