A career within Actuarial Services, will provide you with the opportunity to contribute general insurance advice and consulting services to clients such as insurers, banks, regulators, and third party administrators. You’ll provide advice covering solvency, economic capital, risk management, mergers and acquisitions, company restructuring and risk control, financial modelling, underwriting, new legislation, and the efficiency of claims or reporting processes. Simply put, you might help analyse the impact that new regulation will have on an insurance company’s balance sheet or you could be revising businesses’ projections and making sure they have adequate reserves.
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.
Responsibilities
As a 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:
- Develop new skills outside of comfort zone.
- Act to resolve issues which prevent the team working effectively.
- Coach others, recognise their strengths, and encourage them to take ownership of their personal development.
- Analyse complex ideas or proposals and build a range of meaningful recommendations.
- Use multiple sources of information including broader stakeholder views to develop solutions and recommendations.
- Address sub-standard work or work that does not meet firm's/client's expectations.
- Use data and insights to inform conclusions and support decision-making.
- Develop a point of view on key global trends, and how they impact clients.
- Manage a variety of viewpoints to build consensus and create positive outcomes for all parties.
- Simplify complex messages, highlighting and summarising key points.
- Uphold the firm's code of ethics and business conduct.
You will play an integral role in leveraging sophisticated actuarial
software to develop, test and run models that perform a variety ofcomplex calculations for our life, annuity, and health insuranceclients which includes the following but are not limited to:
- Supporting the audits of several of the largest insurers in
the world. This includes public, private and mutual
insurers. It also includes the insurance operations ofseveral banks and private equity firms.
- Primarily using Axis and Prophet but also using other
vendor software or work on models developed by our
clients.
- Designing, building and testing new models for our
clients. We also convert existing models to models
supported by other vendors. The models are used forfinancial and capital reporting, testing client’s models,and mergers and acquisitions activities.
- Using these actuarial models, our team also performs
valuation and reporting services for our clients as part of
our managed service offering.
Specific Responsibilities Include But Are Not Limited To
- Participating in a wide range of projects and collaborating
across multiple work streams or teams; consistently
demonstrating creative thinking, individual initiative andtimely completion of assigned work.
- Consistently demonstrating teamwork dynamics by
working as a team member: understanding personal and
team roles; contributing to a positive workingenvironment by building solid relationships with teammembers; proactively seek guidance, clarification andfeedback.
- Ability to prepare deliverables within stringent deadlines.
- Keep up to date with local, national and international
business and economic issues.
- Contribute to the development of your own and team’s
technical acumen.
- Serve as participant on communications with numerous
Engagement teams
A career in this practice will provide you the opportunity tohelp organizations by providing technical actuarial services.You will have the opportunity to specialize in some of the
Following
- Demonstrating extensive thorough knowledge of, and/or
success in managerial roles involving, technical actuarial
subject matter specialization, especially in Life or Non-Life industry and regulatory developments.
- Demonstrating some proven knowledge of database
structures and data process flows.
- Demonstrates some proven abilities and/or success with
using actuarial software, preferably Axis or Prophet.
- Demonstrating some proven abilities and/or success as a
team leader: creating a positive environment by
monitoring workloads of the team while meeting clientexpectations and respecting the work-life quality of teammembers; providing candid, meaningful feedback in atimely manner; keeping leadership informed of progressand issues; answering questions and providing directionto less-experienced staff.
- Demonstrating some proven level abilities and/or success
with writing, communicating, facilitating, and presenting
cogently; to and/or for all levels of industry audiences,clients and internal staff and management.Qualification -
Minimum Educational Qualifications
:Bachelor's degree in any of the following areas of study;
Actuarial Science, Statistics, Mathematical Statistics, Applied Mathematics, Mathematics, Economics, Other related fields of Study may be considered"
Relevant Qualification
- Associate of the IAI / IFoA (or equivalent) required
- Fellow of the IAI / IFoA (or equivalent) Preferred or Actively pursuing the Fellowship of the IAI / IFoA (or equivalent)
- Certification requirement may be waived if the candidate has more experience in the relevant field"
Experience -
5+ years
