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- Tasks: Provide expert advice on risk management and financial modelling in the non-life insurance sector.
- Company: Join PwC's leading Actuarial practice with a collaborative and innovative culture.
- Benefits: Flexible working, private medical cover, and generous volunteering days.
- Why this job: Make a real impact by solving complex business challenges in a dynamic environment.
- Qualifications: Experience in risk and capital modelling, strong communication skills, and team collaboration.
- Other info: Opportunities for career growth and mentoring junior staff in a supportive team.
The predicted salary is between 36000 - 60000 £ 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.
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 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.
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
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 and self-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 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.
Non Life Actuary in Edinburgh employer: PwC UK
Contact Detail:
PwC UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Non Life Actuary in Edinburgh
✨Tip Number 1
Network like a pro! Reach out to your connections in the actuarial field, especially those at PwC. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for the interview by brushing up on your technical knowledge and understanding of current market trends. We want to see you shine when discussing risk management and capital modelling!
✨Tip Number 3
Showcase your problem-solving skills during interviews. Think of examples where you've tackled complex issues, as this is key for the role. We love candidates who can think on their feet!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining our team at PwC.
We think you need these skills to ace Non Life Actuary in Edinburgh
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Non-Life Actuary role. Highlight relevant experience and skills that match the job description, like risk management and capital modelling. We want to see how you can contribute to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background aligns with our needs. Be genuine and let your personality come through – we love seeing the real you!
Showcase Your Problem-Solving Skills: In your application, give examples of how you've tackled complex business issues in the past. We’re looking for clear thinkers who can communicate technical concepts simply, so don’t hold back on sharing your success stories!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the info you need about the role and our company culture there!
How to prepare for a job interview at PwC UK
✨Know Your Numbers
As a Non-Life Actuary, you'll be dealing with complex data and models. Brush up on your technical skills and be ready to discuss specific examples of your experience with capital modelling and risk management techniques. This will show that you’re not just familiar with the concepts but can apply them effectively.
✨Understand the Business Landscape
Familiarise yourself with the current trends and challenges in the non-life insurance market. Be prepared to discuss how these issues impact clients and how your expertise can help them navigate these challenges. This demonstrates your commercial awareness and ability to provide insightful advice.
✨Practice Clear Communication
You’ll need to explain complex technical issues simply and clearly. Practice articulating your thoughts on actuarial concepts and risk management strategies in layman's terms. This will help you connect with interviewers and showcase your ability to communicate effectively with senior management.
✨Showcase Your Team Spirit
The role involves working closely with multidisciplinary teams. Share examples of how you've collaborated with others in past roles, especially in coaching or mentoring junior staff. Highlighting your teamwork skills will show that you’re a good fit for their collaborative culture.
