Finance Transformation, Insurance Consulting - Senior Associate

About the role

A career in our Financial Operations practice, within Finance Consulting services, will provide the opportunity to work alongside CEOs, CFOs, controllers and treasurers to optimise the structure of their finance functions and improve their contribution to the business. We support our clients by addressing the challenges of achieving appropriate standards of control, efficient back office opportunities and support to the business through insight and challenge.

Responsibilities

• Demonstrate proficiency in analyzing reinsurance contracts
• Demonstrate knowledge of L&A insurance products, underwriting practices, and risk management concepts
• Utilize reinsurance accounting systems and software effectively
• Mentor junior team members and uphold exemplary standards
• Foster and maintain enduring client relationships
• Gain a thorough understanding of the business context
• Manage complex scenarios to achieve quality outcomes
• Grow personal brand and technical skills
• Apply critical thinking to address complex issues

Requirements

• Bachelor's Degree
• 4 years of experience

Qualifications

• Master's Degree in Accounting, Business Administration/Management, or Finance preferred
• Certified Public Accountant (CPA)
• Exhibiting proficiency in reinsurance contract analysis and interpretation
• Possessing familiarity with reinsurance accounting systems and software (e.g. TAI)
• Demonstrating understanding of L&A insurance company financial statements, including income statement, balance sheet, and cash flow statement, with a focus on underwriting profitability, claims analysis, and reserve adequacy
• Demonstrating familiarity with L&A insurance regulatory requirements and compliance, including industry-specific frameworks such as LDTI
• Demonstrating experience with reinsurance financial statement preparation, including income statement, balance sheet, and cash flow statement
• Understanding of reinsurance cash management and reconciliation processes
• Demonstrating knowledge of reinsurance regulatory requirements and compliance
• Demonstrating knowledge of management reporting techniques and tools, such as key performance indicators (KPIs), variance analysis, and forecasting
• Leveraging communication skills to effectively collaborate with internal finance teams and external stakeholders

Skills

• 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
• Able to read situations and modify behavior to build quality relationships

Benefits

The salary range for this position is: $77,000 - $202,000. Actual compensation within the range will be dependent upon the individual's skills, experience, qualifications and location, and applicable employment laws. All hired individuals are eligible for an annual discretionary bonus. PwC offers a wide range of benefits, including medical, dental, vision, 401k, holiday pay, vacation, personal and family sick leave, and more. To view our benefits at a glance, please visit the following link: https://pwc.to/benefits-at-a-glance