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For Companies At a Glance
- Tasks: Provide expert advice on risk management, solvency, and financial modelling for clients.
- Company: Join PwC's market-leading Actuarial practice with a collaborative culture.
- Benefits: Flexible working, private medical cover, and generous volunteering days.
- Why this job: Make a real impact in the fast-growing field of Non-Life Actuarial consulting.
- Qualifications: Experience in risk and capital modelling, with strong communication skills.
- Other info: Opportunity for career growth and mentoring junior staff in a dynamic environment.
The predicted salary is between 36000 - 60000 ÂŁ per year.
Non Life Actuary – Risk & Capital – Senior Manager
Posted 1 month ago. Apply early to secure a spot among top candidates.
The PwC Actuarial practice comprises over 300 partners and staff, with offices in London, Edinburgh, Manchester, Bristol and Mumbai. We focus on non‑life, life, banking and non‑insurance, supported by a partner team of fifteen. Our practice is market‑leading in General Insurance and reinsurance, working with big multi‑national composites, Lloyd’s and London Market, UK & European Personal & Commercial, and Reinsurance Market including many well‑known brands.
About the Role
You will 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. The role delivers general insurance consulting services to clients such as insurers, regulators, private equity, agents and administrators.
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 allow you 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 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 (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.
Location
London, England, United Kingdom
Job Details
Seniority level: Mid‑Senior level
Employment type: Full‑time
Job function: Finance and Sales
Industries: Accounting
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Non Life Actuary - Risk & Capital - Senior Manager employer: PwC UK
Contact Detail:
PwC UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Non Life Actuary - Risk & Capital - Senior Manager
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. The more people know you’re on the hunt, the better your chances of landing that dream role.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their recent projects and challenges, especially in risk and capital management. This will help you tailor your answers and show them you’re genuinely interested.
✨Tip Number 3
Practice your pitch! You need to clearly articulate your experience and how it aligns with the role. Focus on your skills in risk management and financial modelling, and be ready to discuss how you can add value to their team.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage directly with us.
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 is tailored to the Non Life Actuary role. Highlight relevant experience in risk management, financial modelling, and any specific software you’ve used. We want to see how your skills align with what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about this role and how your background makes you a great fit. Don’t forget to mention your understanding of the insurance market and any unique insights you can bring to the team.
Showcase Your Problem-Solving Skills: In your application, be sure to highlight examples where you’ve tackled complex business issues. We love candidates who can demonstrate their analytical thinking and problem-solving abilities, especially in a team setting.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team at StudySmarter!
How to prepare for a job interview at PwC UK
✨Know Your Numbers
As a Non-Life Actuary, you'll need to be comfortable with complex financial models and risk management techniques. Brush up on your knowledge of capital modelling and Solvency II internal models before the interview. Be ready to discuss specific examples of how you've applied these in past roles.
✨Understand the Market
Familiarise yourself with current trends in the insurance industry, especially around M&A, ESG, and regulatory changes. Being able to speak confidently about these topics will show that you’re not just knowledgeable but also engaged with the sector's challenges and opportunities.
✨Practice Problem-Solving
Expect to tackle some case studies or problem-solving scenarios during your interview. Practise articulating your thought process clearly and concisely. This will demonstrate your analytical skills and ability to communicate complex issues simply, which is crucial for the role.
✨Showcase Your Leadership Skills
Since this role involves mentoring junior staff and managing projects, be prepared to share examples of your leadership experience. Highlight any coaching or training you've provided, and discuss how you’ve contributed to team success in previous positions.