Actuarial Senior Associate at PricewaterhouseCoopers (PwC)

A career 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.
To really stand out and make us fit for the future in a constantly changing world, each and every one of us at PwC needs to be a purpose-led and values-driven leader at every level. To help us achieve this we have the PwC Professional; our global leadership development framework. It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future.

As a Senior Associate, you'll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. PwC Professional skills and responsibilities for this management level include but are not limited to:

• Use feedback and reflection to develop self awareness, personal strengths and address development areas.
• Delegate to others to provide stretch opportunities, coaching them to deliver results.
• Demonstrate critical thinking and the ability to bring order to unstructured problems.
• Use a broad range of tools and techniques to extract insights from current industry or sector trends.
• Review your work and that of others for quality, accuracy and relevance.
• Know how and when to use tools available for a given situation and can explain the reasons for this choice.
• Seek and embrace opportunities which give exposure to different situations, environments and perspectives.
• Use straightforward communication, in a structured way, when influencing and connecting with others.
• Able to read situations and modify behavior to build quality relationships.
• Uphold the firm's code of ethics and business conduct.
   

JOB PURPOSE

Ongoing growth is ARQ requires an increasing number of resources to service client requests. Working on a range of quantitative risk projects such as valuation, accounting and regulatory model development and review. In the short term there is a need for resources with IFRS9, Basel capital and IFRS17 related experience although the longer term need is for a candidate that can solve a range of quantitative problems.

JOB PROFILE

PRINCIPAL ACCOUNTABILITIES

• The principle accountabilities will be:
• Developing and maintaining client relationships
• Management of audit support engagements
• Forming part of quantitative risk project teams
• Researching and staying up to date with financial service related regulations
• Development of risk IP such as cashflow projection models

MINIMUM QUALIFICATIONS 

• Mathematical, statistical or actuarial degree Mathematical or statistical honours or masters or professional qualification such as FRM, CFA or Actuarial

EXPERIENCE

• Team player
• Able to work under pressure and meet deadlines
• Excellent verbal and written English skills
• Excellent interpersonal skills
• Strong leadership skills (determination), some experience in technical matters preferred
• High energy levels and superior debating skills
• Strong business acumen
• 4 to 10 years in financial services environment 

KEY KNOWLEDGE & SKILLS

• Knowledge of financial services environment including credit risk, advanced analytics or insurance risk
• Ability to program. Ideally in SAS, Matlab, R, Python or VBA