Non-Life Actuary Risk & Capital, 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 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 howthis 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 andself-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 seniormanagement 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. Experiencewith 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 tocandidates from these fields where you are looking for new challenges and can leverage your existing skills in a new environment! As a Manager, youll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. Youll manage and deliver a wide range of concurrent actuarial and multidisciplinary assignments where youll interact withclients, often as the main point of contact on assignments. Youll also 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 in risk and capital, such as risk challenge or ESG, or developing and presenting trainingprograms for graduates and 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. 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: