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 volunteering days.
- Why this job: Make a real impact in the insurance industry with diverse projects.
- Qualifications: Experience in general insurance and actuarial projects required.
- Other info: Be part of a dynamic team with excellent career growth opportunities.
The predicted salary is between 36000 - 60000 £ per year.
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.
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 employer: PwC
Contact Detail:
PwC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Non-Life Actuary - Senior Associate
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to current employees at PwC. We all know that sometimes it’s not just what you know, but who you know that can help you land that Senior Associate role.
✨Showcase Your Skills
When you get the chance to chat with recruiters or during interviews, make sure to highlight your experience in general insurance and any relevant projects you've worked on. We want to see how your background aligns with the needs of our clients, so be ready to share specific examples!
✨Prepare for the Interview
Do your homework on PwC and the actuarial services we provide. Understand the latest trends in non-life insurance and be prepared to discuss how you can contribute to our team. We love candidates who are genuinely interested in what we do!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us you’re serious about joining our team and contributing to our success.
We think you need these skills to ace Non-Life Actuary - Senior Associate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that are relevant to the Non-Life Actuary role. Highlight your background in general insurance and any specific projects you've worked on that align with what we do at StudySmarter.
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 your experience can contribute to our team. Be sure to mention any specific areas of expertise, like risk management or financial modelling.
Showcase Your Achievements: When detailing your experience, focus on your achievements rather than just responsibilities. Use metrics where possible to demonstrate your impact, such as improvements in efficiency or successful project outcomes that benefited clients.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re proactive and keen to join our team!
How to prepare for a job interview at PwC
✨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 used data analysis in previous roles. This will show your potential employer that you can handle the quantitative aspects of the job.
✨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 commitment to staying informed and your ability to provide valuable insights to clients.
✨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 effectively. Prepare to articulate your thought process clearly, as this will showcase your analytical abilities and decision-making skills.
✨Showcase Your Collaborative Spirit
Given the collaborative nature of the role, be ready to discuss how you've worked in teams, particularly in cross-functional settings. Highlight experiences where you contributed to group success, as this aligns with the culture of teamwork that PwC values.