Actuarial Senior Associate

Cape Town, Western Cape, South Africa

Job Description


Management Level Senior Associate & Summary 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. Youll 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 companys 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 PURPOSEWorking on a range of banking risk projects such as impairment and capital model development and review. Resources are specifically needed for IFRS9 projects that have been won and ones being proposed for.PRINCIPAL ACCOUNTABILITIESThe principle accountabilities will be:Developing and maintaining client relationshipsManagement of banking audit support engagementsManaging and forming part of banking risk project teamsResearching and staying up to date with banking risk related regulationsAssisting on banking risk IP such as IFRS 9 prototype modelsMINIMUM QUALIFICATIONSMathematical, statistical or actuarial degreeMathematical or statistical honours or masters or professional qualification such as FRM, CFA or Actuarial.EXPERIENCE3-5 years of experience in a consulting/bankingEnvironmentPrior consulting experience is beneficial although not critical.KEY KNOWLEDGE & SKILLSKnowledge of banking environment and credit riskAbility to program. Ideally in SAS, Matlab, R or VBA.Travel Requirements Not SpecifiedAvailable for Work Visa Sponsorship? NoJob Posting End Date October 31, 2024

PwC

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Job Detail

  • Job Id
    JD1361128
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Cape Town, Western Cape, South Africa
  • Education
    Not mentioned