Senior Associate – Actuarial & Insurance Services at PricewaterhouseCooper (PwC)

PricewaterhouseCooper (PwC) Nigeria has been operating in Nigeria since 1953 through its predecessor firms of Coopers & Lybrand and Price Waterhouse. We’re one of the leading professional services firms in the country with offices in Lagos, Abuja and Port Harcourt, over 1000 staff and 31 resident partners.

We are recruiting to fill the position below:

Job Title: Senior Associate – Actuarial & Insurance Services

Reference Number: 125-NIG00243
Location: Nigeria
Department: Assurance

Job Profile

A career in our Actuarial & Insurance Services practice 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.

Job Roles

Evaluate product line performance and the risk and appropriateness of assumptions used in product development.
Aid clients in strategic planning, marketplace analysis, estimating growth potential, product research, image and reputation analysis and improvements.
Initiate and design high priority primary research activities on behalf of clients.
Work on projects that require more complex planning and direction setting with diverse and multiple stakeholders.
Analyze the financial risks for various asset/liability matching scenarios and monitors the appropriateness of reserves. Serves as an expert on the current health care market.
Make initial determinations on reserves, dividend allocations, and surplus forecasts.

Requirements

Minimum of 3 years of previous experience in the Actuarial field, either within an insurance company or in consulting
Bachelor’s & Masters’ degree in Actuarial Science, Mathematics, Statistics, or Finance
A strong background knowledge in mathematics and statistics
Strong analytical and problem solving skills
Familiarity with actuarial processes, knowledge around valuation techniques and reserving
Experience in Solvency II, IFRS 4 and IFRS 17 will be positively evaluated
Solid skills in MS Office, with emphasis in Excel. Programming skills (VBA, C++, R) will be positively evaluated
Experience in actuarial software (Prophet, AFM, Moses, VIP, etc) will be positively evaluated
Commercial awareness, including the understanding of wider business issues
Sound oral and written communication skills to produce appropriate report writing and presentations.
General knowledge of local and international business and finance
Ability to lead self and others.