At a Glance
- Tasks: Provide general insurance advice and consulting services to top clients.
- Company: Join a leading global professional services organisation with a strong culture.
- Benefits: Flexible working, private medical cover, and generous volunteering days.
- Other info: Be part of a dynamic team with excellent growth opportunities.
- Why this job: Make a real impact in the insurance industry while developing your career.
- Qualifications: Experience in general insurance and actuarial projects is essential.
The predicted salary is between 60000 - 80000 £ per year.
About the role: We’re one of the world’s leading professional services organisations. From 158 countries, we help our clients, some of the most successful organisations on the globe, as well as its most dynamic entrepreneurs and thriving private businesses, to create the value they want. We help to measure, protect and enhance the things that matter most to them. The PwC Actuarial Services practice comprises over 250 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 twelve strong partner team. This makes us the largest actuarial practice within the large accounting firms. We collaborate across our 800 strong actuarial community in PwC worldwide.
A career as a Senior Associate 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.
What your days will look like:
- We are planning to expand against a background of high client demand for our services.
- We have unrivalled client base and breadth of project types.
- We provide support to clients in relation to all aspects of general insurance including reserving, pricing, Solvency II, corporate restructuring and liability management, mergers & acquisitions and IPOs, financial modelling, risk management solutions, audit support and IFRS 17, both in the UK and across Continental Europe.
- Our clients include all the leading UK insurers and European multinationals.
- We have a strong sense of culture developed over our 25-year history.
This role is for you:
- You'll have a strong background either as a recognised general insurance consultant or have successfully delivered significant, actuarially related projects from within the general insurance industry.
- You'll have significant experience in general insurance work, including Risk and capital.
- A good understanding of non-life capital models.
- Exposure to reserving and pricing would be beneficial within London/Lloyds market and/or the Personal & Commercial lines markets.
- Experience performing reserve reviews and/or Statements of Actuarial Opinion.
- Involvement in buy/sell-side due diligence.
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.
Non-Life Actuary - Senior Associate in London employer: PricewaterhouseCoopers
At PwC, we pride ourselves on being a leading employer in the professional services sector, offering a dynamic work culture that fosters collaboration and innovation. Our Senior Associates in Actuarial Services benefit from a wealth of opportunities for personal and professional growth, supported by a comprehensive benefits package that includes flexible working arrangements, private medical cover, and dedicated volunteering days. With a strong emphasis on employee development and a diverse client base, working in our London office provides a unique chance to engage with top-tier clients while contributing to impactful projects in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Non-Life Actuary - Senior Associate in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and actuarial fields. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and industry knowledge. Be ready to discuss your experience with risk management and financial modelling. Practise common interview questions and think of examples that showcase your expertise.
✨Tip Number 3
Showcase your passion for the role! When you get the chance to chat with potential employers, let them know why you’re excited about working in actuarial services. Share your thoughts on current trends in the insurance sector and how you can contribute.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us. Let’s make it happen!
We think you need these skills to ace Non-Life Actuary - Senior Associate in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Non-Life Actuary role. Highlight your relevant experience in general insurance and any specific projects you've worked on that align with the job description. We want to see how your skills fit into our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about actuarial services and how you can contribute to our clients' success. Keep it engaging and personal – we love to see your personality come through.
Showcase Your Skills:Don’t forget to highlight your analytical thinking and communication skills in your application. These are key for a Senior Associate in Actuarial Services. We’re looking for someone who can not only crunch numbers but also convey complex ideas clearly.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at PricewaterhouseCoopers
✨Know Your Numbers
As a Non-Life Actuary, you'll be dealing with complex data and financial models. Brush up on your technical skills and be ready to discuss specific examples of how you've applied these in past roles. This will show your expertise and confidence in the field.
✨Understand the Industry Landscape
Familiarise yourself with current trends in the insurance sector, especially around Solvency II and IFRS 17. Being able to discuss recent regulatory changes or market shifts will demonstrate your proactive approach and understanding of the industry.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your problem-solving skills. Think about past projects where you had to analyse risks or manage capital models, and be ready to explain your thought process and the outcomes.
✨Showcase Your Soft Skills
While technical skills are crucial, don't forget to highlight your communication and teamwork abilities. Be prepared to share examples of how you've collaborated with clients or colleagues to deliver successful projects, as this is key in a consulting role.
