Property & Casualty Actuarial Senior Associate

About the role

PwC's Risk Modelling Services team in Toronto is looking for a Property & Casualty Actuarial Senior Associate. The role contributes risk modelling and general insurance advice and consulting to insurers, reinsurers and government agencies, and provides audit support for insurance entities. It works alongside experienced actuaries on projects such as appointed actuary services, reserving, pricing, financial condition testing, solvency and capital management, and emerging risks such as climate and cyber.

Key responsibilities

• Support teams in actuarial consulting services and transformation initiatives
• Work with senior actuaries on appointed actuary services, including actuarial liability valuation, financial condition testing, product development, advisory services and insurance accounting standards (IFRS 17)
• Support audit support services, including re-performing actuarial liability valuations and reviewing valuation methodologies and assumptions
• Analyze client information to determine whether actuarial liabilities are fairly presented in financial statements
• Help clients with modelling needs for climate, cyber and insurance pricing
• Collaborate on cross-functional projects and share findings with non-actuarial teams in a clear, non-technical way
• Build client relationships and help upskill junior staff

Required profile

• Progressive experience in the P&C insurance industry, including policy liability valuation, financial condition testing, IFRS 17, pricing or predictive modeling
• Actively pursuing the Canadian Institute of Actuaries qualification (FCIA)
• Experience in a consulting or advisory role, or ability to work in consulting/audit and project-based settings, is an asset
• Strong written and oral communication, including presenting in a business context

Required skills

• Reserving or statistical applications such as Arius, R or Python
• Data analytic tools such as Tableau, Alteryx and VBA (considered an asset)
• Financial modeling, risk analysis and statistical consulting

The salary range is $84,700 - $134,700, with possible variable incentive pay for eligible employees.