Non Life Actuary - Manager

Job Description

As one of the UKs largest Actuarial practices were 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 analysehow 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 Were a leading provider of trust in the digital world - in the eyes of our people, our clients and our stakeholders. Todays business environment is different. More complex. More connected. Companies not only face new and unknown risks, but also new and untappedopportunities. 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 thelargest 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. Youll 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 enhancetheir 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 toinform 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, Lloyds & London Market, UK& European Personal & Commercial, and Reinsurance Market including many of the well known brands, from global reinsurers to niche players. Preferred Skills:We are seeking a Manager from a non-life insurance background to join our Actuarial practice. Youll work on Reserving, Pricing and/or Risk and Capital projects across the London/Lloyds market and/or the Personal & Commercial lines market, as well as multidisciplinaryprojects around areas such as transactions, organisational transformation, cost reduction and start-ups. Youll be open to new challenges, self-motivated, agile and be able to leverage your existing skills in new areas like IFRS 17. Responsibilities:

• Youll manage and deliver a wide range of concurrent actuarial and multidisciplinary assignments.
• Youll interact with clients, often as the main point of contact on assignments.
• Youll have the opportunity to work in multidisciplinary teams or with people from our network firms overseas.
• Youll 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 such as IFRS 17, risk and capital or developing and presenting training programs for graduatesand staff.
• Youll be involved in the development of more junior staff through on the job coaching, or acting as a career coach, mentor or study mentor.

Requirements:

• Background either as a recognised general insurance consultant or have successfully delivered significant, actuarially related projects from within the general insurance industry.
• Have led actuarial or multidisciplinary projects, being responsible for project management and delivery, including the management, development and growth of staff, delegation of responsibilities and delivering projects to time and budget.
• Good understanding of a broad range of commonly used reserving and/or pricing techniques, the key actuarially-orientated and regulatory issues faced by the market, and a good working knowledge of one or more of financial reporting, risk and capital, SolvencyII, model validation or other related non-life insurance work.
• Experience of implementation of Solvency II or IFRS 17, or related experience, would be a benefit.
• Statement of Actuarial Opinion (SAO) and Lloyds experience would be beneficial.
• Be able to communicate complex technical matters in a clear way.
• Wider commercial awareness, including the understanding of wider business issues facing the insurance industry.

The PwC ProfessionalTo 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 leadershipdevelopment 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:

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