Senior Associate (m/f/d) in Actuarial and Risk Modelling Services (ARMS)

Line of Service

Assurance

Industry/Sector

Not Applicable

Specialism

Assurance

Management Level

Senior Associate

Job Description & Summary

PwC Luxembourg is hiring a Senior Associate (m/f/d) in Actuarial and Risk Modelling Services (ARMS).  

What if it was you? 

The PwC Actuarial and Risk Modelling Services (ARMS) team in Luxembourg is looking for a senior associate to join our local actuarial practice of over 20 actuaries and risk modellers. This is one of the largest actuarial consulting teams in Luxembourg. As part of our dynamic and diverse team, you will work on complex problems and challenges related to reserving, pricing, risk or capital related projects across the Luxembourg and broader European markets, as well as multidisciplinary projects in areas such as     reinsurance optimisation and business transactions. 

Be a part of our team where you will: 

• Provide actuarial consulting services. 

• Perform reserving analysis and valuation with a strong focus on business drivers, ensuring reserve adequacy aligns with regulatory requirements and translate technical insights into actionable recommendations for management and stakeholders. 

• Support/lead Solvency II reviews for insurers, including Solvency II balance sheets, QRTs and ORSAs. 

• Support insurance regulation-related projects in insurance, such as local regulation, IFRS 17 accounting, transfer pricing, POG/VFM, etc. 

• Work closely with audit teams to provide actuarial support to our audit practice with regard to Luxembourg-based insurers and reinsurers. 

• Support the Corporate Finance, M&A and Strategy teams by providing expert support for business transactions, portfolio transfers, actuarial due diligence projects and reserves/provision certifications. 

• Assist in the continued growth and development of PwC’s actuarial practice. 

• Supervise and coach junior actuarial staff. 

Let’s talk about you. We expect that … 

• You have a university degree with a specialization in actuarial science, mathematics, or quantitative finance; 

• You have at least 2 years of working experience as an actuary; 

• You demonstrate solid understanding of standard life and/or non-life actuarial practices under Solvency II, complemented by expertise in one or more related areas such as Luxembourg GAAP, IFRS 17 reporting, and regulatory compliance frameworks. 

• You enjoy working in a practical and creative manner, constantly analysing and solving new challenges.  

• You have good command of the English language. Fluency in French is considered an advantage. 

• You enjoy working in a team. You want to develop, build relationships and bring out the best in yourself and your colleagues. 

• You have the experience with specialised software in one of areas such as pricing, reserving, capital management (for example, URS, ResQ, Prophet or other recognised). 

…so that you are the candidate we are looking for! 

A final word about us: 

At PwC, we believe diversity is the representation of all the characteristics that make us both alike and unique. Our backgrounds, cultures, nationalities, lifestyles, identities, opinions and beliefs, approaches to solving problems, ways of working, and views of personal and professional success, all add value to the services we deliver to our clients. Our objective is to nurture an inclusive environment where a diversity mindset is ingrained, and inclusion is the norm. We constantly focus on respecting and valuing individual differences. 

Education (if blank, degree and/or field of study not specified)

Degrees/Field of Study required:

Degrees/Field of Study preferred:

Certifications (if blank, certifications not specified)

Required Skills

Optional Skills

Accepting Feedback, Accepting Feedback, Active Listening, Actuarial Science, Analytical Thinking, Communication, Complex Data Analysis, Creativity, Embracing Change, Emotional Regulation, Empathy, Financial Data Mining, Financial Modeling, Financial Risk Analysis, Financial Risk Management, Inclusion, Intellectual Curiosity, Learning Agility, Optimism, Presenting Financial Reports, Risk Analysis, Risk Model Implementation, Self-Awareness, Statistical Analysis Software, Statistical Consulting {+ 3 more}

Desired Languages (If blank, desired languages not specified)

Travel Requirements

Not Specified

Available for Work Visa Sponsorship?

Yes

Government Clearance Required?

No

Job Posting End Date