Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Advise on risk management, financial modelling, and client consulting in the insurance sector.
- Company: Join PwC, a global leader in actuarial services with a strong reputation.
- Benefits: Enjoy flexible working, private medical cover, virtual GP access, and volunteering days.
- Why this job: Be part of a market-leading team, mentoring juniors and tackling real-world challenges.
- Qualifications: Experience in capital modelling and risk management is essential; eagerness to learn is a plus.
- Other info: This role requires an EU work permit and offers opportunities for international collaboration.
The predicted salary is between 43200 - 72000 £ per year.
About the role:
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. We play the leading role in the 1000+ strong actuarial community in PwC worldwide and often work with specialists from other disciplines within PwC.
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.
What your days will look like:
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.
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.
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 how this impacts on their capital and growth plans and are looking to grow our team.
As a Manager, you\’ll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. You\’ll manage and deliver a wide range of concurrent actuarial and multidisciplinary assignments where you\’ll interact with clients, often as the main point of contact on assignments. You\’ll also have the opportunity to work in multidisciplinary teams or with people from our network firms overseas.
You\’ll 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 training programs for graduates and staff.
You\’ll be involved in the development of more junior staff through on the job coaching, or acting as a career coach, mentor or study mentor.
This role is for you if:
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 senior management 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 will 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.
Experience with Solvency II internal models, risk management, capital modelling software packages (e.g. as Igloo, ReMetrica, Tyche), and managing regulatory relationships would be advantageous.
What you\’ll receive from us:
No matter where you may be in your career or personal life, our benefits are designed to add value and support, recognising and rewarding you fairly for your contributions.
We offer a range of benefits including empowered flexibility and a working week split between office, home and client site; private medical cover and 24/7 access to a qualified virtual GP; six volunteering days a year and much more.
#J-18808-Ljbffr
Non Life Actuary - Risk & Capital - Senior Manager employer: PwC
Contact Detail:
PwC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Non Life Actuary - Risk & Capital - Senior Manager
✨Tip Number 1
Network with professionals in the actuarial field, especially those who work at PwC or similar firms. Attend industry events, webinars, and conferences to make connections and learn about the latest trends in non-life insurance and risk management.
✨Tip Number 2
Familiarise yourself with the specific software mentioned in the job description, such as Igloo, ReMetrica, and Tyche. Consider taking online courses or tutorials to enhance your skills and demonstrate your commitment to mastering these tools.
✨Tip Number 3
Stay updated on current regulations and market issues related to solvency and capital modelling. Being knowledgeable about recent changes in legislation will help you engage in meaningful conversations during interviews and showcase your expertise.
✨Tip Number 4
Prepare to discuss your experience with mentoring and developing junior staff, as this is a key aspect of the role. Think of specific examples where you've successfully guided others, as this will highlight your leadership skills and fit for the position.
We think you need these skills to ace Non Life Actuary - Risk & Capital - Senior Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in non-life actuarial work, risk management, and capital modelling. Use specific examples that demonstrate your expertise in areas mentioned in the job description, such as Cat Risk or IFRS17.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your motivation for applying to PwC and how your skills align with the role. Mention your understanding of the actuarial practice and your ability to communicate complex issues simply.
Highlight Relevant Skills: In your application, emphasise your experience with risk and capital modelling, as well as any knowledge of Solvency II internal models and risk management software. This will show that you are well-prepared for the challenges of the role.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your attention to detail, which is crucial in the actuarial field.
How to prepare for a job interview at PwC
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid grasp of what the Non Life Actuary - Risk & Capital - Senior Manager role entails. Familiarise yourself with key responsibilities such as risk management, capital modelling, and the specific challenges faced by clients in the insurance sector.
✨Showcase Relevant Experience
Be prepared to discuss your previous experience in areas like Cat Risk, Reserving, or Pricing. Highlight any specific projects where you successfully managed risk or contributed to financial modelling, as this will demonstrate your capability to handle the responsibilities of the role.
✨Communicate Complex Ideas Simply
One of the key skills for this position is the ability to communicate complex issues clearly. Practice explaining intricate concepts in a straightforward manner, as you may need to do this during the interview to showcase your communication skills.
✨Prepare Questions for Your Interviewers
Having insightful questions ready shows your genuine interest in the role and the company. Consider asking about PwC's approach to emerging fields like Cyber or Climate risks, or how they support the development of their staff in these areas.
