A career within Actuary Services will provide you with the opportunity to be working with Insurance (Life / Non-Life) and Pension business clients.
The role encompasses reserving, M&A Due Diligence work, capital modelling, pricing, ALM and EEV calculations and reviews.
In addition, there will be involvement in Solvency II projects.
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 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
Develop new skills outside of your comfort zone.
Act to resolve issues that prevent the team from working effectively.
Coach others, recognize their strengths, and encourage them to take ownership of their personal development.
Analyse complex ideas or proposals and build a range of meaningful recommendations.
Use multiple sources of information including broader stakeholder views to develop solutions and recommendations.
Address sub-standard work or work that does not meet firm’s/client’s expectations.
Use data and insights to inform conclusions and support decision-making.
Develop a point of view on key global trends, and how they impact clients.
Manage a variety of viewpoints to build consensus and create positive outcomes for all parties.
Simplify complex messages, highlighting and summarising key points.
Uphold the firm’s code of ethics and business conduct.
Roles & Responsibilities
As a member of the actuarial practice within CMAAS, you will help clients navigate through complicated transactions and events, from evaluation through integration, in a multifaceted business environment.
PwC helps clients negotiate with confidence. Some of the world’s most prestigious companies rely on our buy-and-sell side due diligence capabilities and turn to us for advice on financial reporting, valuation, and tax issues.
We also provide advice and project management for capital-raising events such as initial public offerings, secondary listings and private placements.
For companies in distressed situations, we advise on crisis avoidance, financial and operational restructuring, and bankruptcy.
Clients rely on PwC to help them make informed and empowered decisions to invest, divest, raise capital or reorganize.
As our clients execute on their chosen strategy, our focus turns to helping them extract value.
PwC’s Actuary practice advises our clients in moments of exceptional change around deals and accounting change helping them shape strategy and transformation.
We advise our clients across the deal spectrum to capture value.
We employ a team-based structure to tackle clients’ needs with a solution-oriented approach to creatively address complex financial reporting problems.
We work on high-profile transactions with significant interaction with senior company management teams, bankers, lawyers, and other advisors.
We have a coaching environment with both formal and informal systems in place as well as continuous on-the-job training to ensure industry-leading personal and professional development.
Our main areas of focus within the Actuarial markets team include:
Assignments in pricing and product development
Risk and capital modeling/optimization
Valuation of liabilities under IFRS/BEGAAP/Solvency II
MCEV calculations and review
Acting as the actuarial function
Developing and optimizing reinsurance mechanisms
Predictive modeling and visualization
Valuation and advice related to pension and employee benefits matters
Assisting in due diligence with respect to actuarial aspects
Position/Program Requirements
Minimum Year(s) of Experience: 6
Minimum Degree Required: Bachelor’s Degree in Actuarial Science or other related business field of study
Knowledge Preferred:
Participate as an individual contributor and a team member with senior actuarial practitioners & other professionals (e.g. bankers, lawyers, auditors, advisors) on complex financial reporting and regulatory matters related to deals & other transformational events on a daily basis in areas of focus listed above.
This includes demonstrating an extensive knowledge of and/or a proven record of success in the following areas.
Advising multi-national, publicly-traded companies & private equity firms on a broad range of financial reporting, & capital markets topics
Skills Preferred:
Demonstrates proven extensive abilities and success with managing teams in a professional services consulting firm, including, but not limited to, the following areas:
Technical Capabilities:
Applying extensive know-how of technical requirements for listing locally in Nigeria (bonds and equity) and cross-border such as the JSE, LSE, and NYSE.
Reinforcing firm compliance requirements and applying to client engagements
Business Acumen:
Continuously deepening and broadening business know-how – how it is changing and why this matters in order to articulate a relevant point of view
Developing and sharing a point of view on strategic business issues and trends, anticipating the impact of technology developments on client needs, and surfacing relevant behavioral patterns as potential trends
Integrating frameworks and models into an analytical approach to develop insight into organizations
Coaching team members on problem-solving techniques and guiding them to use more sophisticated tools and frameworks
Global Acumen:
Modeling and encouraging team members to learn about cultures that differ from their own
Articulating a perspective on relevant global trends and how they impact client challenges
Applying global industry-leading practices, global economic perspectives, and local territorial cultural nuances to shape solutions and recommendations
Leadership:
Motivating others, helping them to understand and visualize goals
Helping others plan their development
Displaying respect and fairness when managing others, bringing conflict into the open to enhance the quality of decisions and team effectiveness
Evaluating the performance of team members based on merit and skill, addressing performance issues in the moment
Relationships:
Building and sustaining relationships to create exceptional client and people experience
Helping team members determine the impact of their communication styles on others and coach their abilities to collaborate with and respond to clients and individuals
Targeting and expanding a network of internal and external relationships
Demonstrating integrity, ethical decision-making, and behaviors that build trust across teams and with clients
Creating an environment that encourages improvement, innovation, and inclusion, and challenges traditional approaches
