Life Actuary - Senior Manager
About the team
The firm offers an unparalleled development framework which not only ensures we have strong technical experience, but also supports wider softer skills which are vital to success with our clients. We'll ensure you have a tailored development plan, which will enable progression to more senior levels within the practice in a relatively short timescale.
We have a strong sense of culture developed over our 25 year history. We work in a friendly and positive atmosphere, where our people are encouraged to take responsibility at an early stage and proactively develop their career. We seek to develop accomplished consultants, not just technically strong actuaries. This means exposure to a wide range of project situations, often working with specialists from other disciplines within PwC such as Transaction Services, Regulatory, Risk Advisory, Corporate Finance, Business Recovery/Restructuring, Forensics, Tax, Accounting and Internal Audit.
About the role
We are seeking Principle Consultants/Senior Managers with life insurance experience to join our UK Risk Management Services (Actuarial) team.
On a day-to-day basis, you'll manage and deliver a wide range of concurrent actuarial and multidisciplinary assignments, interacting with clients often as the main point of contact on assignments. Our team is involved in a wide range of insurance and non insurance projects and we would expect you to gain a broad range of experience before deciding whether to specialise in a specific area. Many projects give you the opportunity to work in multidisciplinary teams or with people from our network firms overseas.
In particular, we anticipate a large number of opportunities to help our clients understand the requirements of IFRS 17, how it will affect them and helping them to implement in a time and cost efficient manner and are looking for people to join us who are excited by being at the cutting edge of changes in financial reporting in future.
We'd expect you to take an active role in supporting the strategic management and running of the practice. This could include being involved in the development on one of our core product areas such as IFRS 17, risk and capital or developing and presenting training programs for graduates and staff. You will also be involved in the development of more junior staff through on the job coaching, acting as a people manager, mentor or study mentor.
Essential skills and experience
Significant work experience in an actuarial related area.
Experience of implementation of IFRS 4 or 17, or related experience would be a benefit.
Experience of building cashflow models of life insurance products using standard actuarial software or spreadsheet modelling tools is desirable.
Have spent most of their career to date in the life insurance market, either within a company or a consultancy.
Have a wider commercial awareness, including the understanding of wider business issues.
Have an understanding of risk management in a life insurance company context.
Have a good working knowledge of one or more of financial reporting, risk and capital, Solvency II, model validation or other related life insurance work.
Have experience of working with large and small insurers.
Have led actuarial or multidisciplinary projects, responsible for project management and delivery, including the management of staff, delegation of responsibilities and delivering projects to time and budget.
Have experience of being responsible for the development and growth of junior staff, including objective setting and performance management.
Have strong oral, listening and written communication skills.
Demonstrate that you stay abreast of industry developments and are able to implement these on projects
Have a begun to build a profile within the insurance industry, e.g. presenting at industry conferences or contributing to a working party for the Actuarial Profession.
Have the potential to develop strong people management, client handling and development skills, including inter-personal sensitivity and influencing skills.
Have demonstrated an aptitude to develop good client/internal client handling skills, including relationship-building skills that lead to increased consulting opportunities.
Have strong project and financial management skills. The ability to deliver to budget and within timescales is an important skill.
Be flexible and have the ability to multi-task effectively.
Have strong technical, problem identification and analytical skills, most likely with at least one specialist area of experience.
Who we’re looking for
We are looking for individuals with relevant experience, or who are looking for new challenges and believe that they can leverage their existing skills in a new environment, who are able to work well as part of a team and who are responsible, decisive, clear-thinking and self-motivated.
You will have experience of one or more of a number of fields relating to life insurance - financial reporting, mergers and acquisitions, risk and capital management including Solvency II and model validation are particularly relevant reflecting the future growth of our practice.
In recognition of the need to invest in future growth of the practice, you'll not only have demonstrated relevant technical skills and experience, but also have the potential, with some development support, to move on to lead on key client accounts and product areas, using your strong relationship and people management skills.