PwC Actuarial P&C Services - Sr. Manager in Peoria, Illinois
Specialty/Competency: Actuarial Services
Time Type: Full time
Travel Requirements: Up to 80%
A career in our Actuarial Non Life Services practice, 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.
Our team advises clients in the general insurance and non insurance industries on regulatory updates and business risks 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.
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 Manager, 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:
Encourage everyone to have a voice and invite opinion from all, including quieter members of the team.
Deal effectively with ambiguous and unstructured problems and situations.
Initiate open and candid coaching conversations at all levels.
Move easily between big picture thinking and managing relevant detail.
Anticipate stakeholder needs, and develop and discuss potential solutions, even before the stakeholder realises they are required.
Contribute technical knowledge in area of specialism.
Contribute to an environment where people and technology thrive together to accomplish more than they could apart.
Navigate the complexities of cross-border and/or diverse teams and engagements.
Initiate and lead open conversations with teams, clients and stakeholders to build trust.
Uphold the firm's code of ethics and business conduct.
Job Requirements and Preferences :
Basic Qualifications :
Minimum Degree Required :
Required Fields of Study :
Actuarial Science, Mathematical Statistics, Statistics, Applied Mathematics, Mathematics, Banking and Insurance, Finance & Investment Analysis
Minimum Years of Experience :
Certification(s) Required :
Associate of the Casualty Actuarial Society
Required Knowledge and Skills :
Demonstrates specialization in managing traditional loss reserving and ratemaking projects, establishing and implementing engagement workplans, and conducting other risk-analysis related-projects that include at least one or more of the following areas:
Economic capital model validation;
Enterprise risk framework consulting;
Financial performance reviews;
Strategic planning and analysis;
Merger and acquisition valuations; and,
Reinsurance program review and specialist witness testimony.
Demonstrates proven success and specialist-level leadership skills with directing project management teams, including guiding the work performed by our associates, completing assignments with minimal supervision, and providing feedback and performance coaching to engagement team members.
Preferred Qualifications :
Additional Educational Preferences :
Other quantitative degree fields of study may be considered.
Certification(s) Preferred :
Fellow of the Casualty Actuarial Society
Certification requirement may be waived if the selected individual has more experience in the relevant field.
Preferred Knowledge/Skills :
Demonstrates intimate abilities and/or a proven record of success in performing in a role emphasizing project management engagements and teams that utilize detailed analytical and creative problem-solving skills to manage multiple, concurrent projects related to risk analysis and/or financial reporting in one or more of the following areas:
Mergers & Acquisitions;
Product Design & Pricing;
Enterprise Risk Management;
Captive feasibility studies; and,
Transfer pricing, IRS tax disputes involving insurance reserves, Cash flow projections, Funding studies, Allocation schemes, and Retrospective rating plan premium accrual calculations.
Demonstrates intimate abilities and/or a proven record of success in a role that emphasizes, statistical modeling, related applications, and computer applications (i.e. Microsoft Excel and Microsoft Word) to conduct analyses and render findings related to Enterprise Risk modeling, Economic Capital Modeling, and/or Complex model validation.
Demonstrates intimate abilities and/or a proven record of success in interpreting and consulting on accounting standards (e.g., FASB, IFRS) as it applies to actuarial consulting and risk analysis.
Demonstrates intimate abilities and/or a proven record of success in negotiation and persuasion skills used to sell potential new service opportunities, including a proven track record with identifying and converting potential engagement opportunities and developing market presence.
Demonstrates intimate abilities and/or a proven record of success in leading client projects, understanding a client's business and technology in order to identify, pursue, and ultimately obtain additional consulting opportunities.
Demonstrates intimate abilities and/or a proven record of success in writing and presenting cogently for industry audiences and clients, including journal articles, practice methodologies and tools, and the writing and presentation of whitepapers.
Demonstrates intimate abilities and/or a proven record of success as a team leader by creating a positive environment, monitoring workloads of the team while meeting client expectations and respecting the work-life quality of team members. This includes providing candid, meaningful feedback in a timely manner, and keeping leadership informed of progress.
At PwC, our work model includes three ways of working: virtual, in-person, and flex (a hybrid of in-person and virtual). Visit the following link to learn more: https://pwc.to/ways-we-work.
PwC does not intend to hire experienced or entry level job seekers who will need, now or in the future, PwC sponsorship through the H-1B lottery, except as set forth within the following policy: https://pwc.to/H-1B-Lottery-Policy.
All qualified applicants will receive consideration for employment at PwC without regard to race; creed; color; religion; national origin; sex; age; disability; sexual orientation; gender identity or expression; genetic predisposition or carrier status; veteran, marital, or citizenship status; or any other status protected by law. PwC is proud to be an affirmative action and equal opportunity employer.
For positions based in San Francisco, consideration of qualified candidates with arrest and conviction records will be in a manner consistent with the San Francisco Fair Chance Ordinance.
For positions in Colorado, visit the following link for information related to Colorado's Equal Pay for Equal Work Act: https://pwc.to/coloradoassuranceseniormanager.