Senior Actuary

Scope of the role:

Our actuarial practice has over 1,000 specialists in 36 countries providing life, health and non-life assurance and advisory services to the insurance industry, its regulators, and other financial services providers.

 

We specialise in helping financial services companies create, sustain and increase shareholder value by adopting a value-based approach to the issues they face.

 

As part of the world's largest professional services organisation, we can strengthen your actuarial knowledge, be up to date with the latest regulations and methodologies through various projects. We advise a wide range of clients in traditional areas of actuarial work such as reserving, mergers and acquisitions, due diligence, exit solutions and capital modelling.

Your responsibilities will include:

  • Accounting and valuation of life and non-life technical reserves of insurance companies under IFRS, local GAAP and Solvency II regimes;

  • Day-to-day interaction with clients – working on actuarial assignments, identifying risks, escalating issues and participating in performance improvement solutions;

  • Be part of various advisory engagements that includes due diligence, modelling and consultancy type of tasks for insurance and employee benefit schemes.

  • Advise clients in moving towards the new insurance accounting rules (IFRS 17) through the different steps of the project, helping clients translate the theoretical accounting concepts into practical operational solutions; Participation in projects related to the implementation and testing of PwC IFRS 17 software solutions;

  • Establishing, maintaining and strengthening trusted relationships with relevant internal and external stakeholders to ensure supreme service delivery and positive outcome for all stakeholders.

Requirements:

  • University Degree in Actuarial studies, Mathematics, Statistics or Informatics (Actuarial qualification is an advantage);

  • 3-5 years actuarial experience at insurance companies or big 4;

  • Experience in modelling including

    • Outstanding knowledge of MS Office and VBA programming
    • At least intermediate knowledge of Python, R, SQL or other database solutions
    • Prophet or other actuarial cash-flow modelling competence  will be an advantage
  • Ability to design and document solutions for actuarial models;

  • Accounting technical skills is an advantage including Solvency II regime and IFRS standards;

  • Excellent communication skills in English;

  • Willingness and availability to travel

At PwC we provide:

  • Flexible, dynamic, challenging and interesting work;

  • You can get acquainted with the inner workings of several Hungarian and international financial services companies;

  • Great work environment with high standards and quality focus;

  • Participating in audit and advisory projects, possibility of cooperation with international clients and major local clients;

  • Fast, professional and technical growth;

  • Our HQ, the Eiffel Palace is located in the heart of Budapest, next to the Nyugati square, but you have the opportunity to work from home on regular basis;

  • Potential secondment in Europe;

  • Competitive remuneration package with the newest iPhone 11, not only for business usage.

Sector(s):

  • Bank, Insurance, Brokering
  • Bank, Insurance Agent
  • Analysis
  • Education, Research, Science
  • Mathematician

Experience required:

  • professional experience is not required

Required Qualification:

  • College degree

Required language level:

  • English (intermediate / communication)

Employment type:

  • Full time

Job location:

Budapest