Finance Transformation, Insurance Consulting - Senior Associate

Industry/Sector

Not Applicable

Specialism

Finance

Management Level

Senior Associate

Job Description & Summary

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.

Our team helps clients transform their finance function by executing strategies to reduce functional and operational complexity through streamlined processes, optimise d use of technology, and efficient use of resources to deliver cost effective, high quality services to all stakeholders.

To really stand out and make us fit for the future in a constantly changing world, each and every one of us at PwC needs to be a purpose-led and values-driven leader at every level. To help us achieve this we have the PwC Professional; our global leadership development framework. It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future.

As a Senior Associate, you'll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. PwC Professional skills and responsibilities for this management level include but are not limited to:

• 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.
• Use straightforward communication, in a structured way, when influencing and connecting with others.
• Able to read situations and modify behavior to build quality relationships.
• Uphold the firm's code of ethics and business conduct.

The Opportunity

As part of the Financial Operations team you exhibit proficiency in reinsurance contract analysis and interpretation, and possess familiarity with reinsurance accounting systems and software. As a Senior Associate you are responsible for analyzing complex problems, mentoring others, and maintaining elevated standards. You focus on building client relationships and developing a deeper understanding of the business context, while navigating increasingly complex situations and growing your personal brand and technical knowledge.

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

What You Must Have

• Bachelor's Degree
• 4 years of experience

What Sets You Apart

• 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)
• Demonstrates 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
• Demonstrates 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
• Demonstrates knowledge of management reporting techniques and tools, such as key performance indicators (KPIs), variance analysis, and forecasting
• Utilizing problem-solving skills and attention to detail in identifying and resolving accounting discrepancies
• Leveraging communication skills to effectively collaborate with internal finance teams and external stakeholders

Travel Requirements

Up to 60%

Job Posting End Date

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

As PwC is an equal opportunity employer, all qualified applicants will receive consideration for employment at PwC without regard to race; color; religion; national origin; sex (including pregnancy, sexual orientation, and gender identity); age; disability; genetic information (including family medical history); veteran, marital, or citizenship status; or, any other status protected by law.

PwC does not intend to hire experienced or entry level job seekers who will need, now or in the future, PwC sponsorship through the H-1B lottery, except as set forth within the following policy: https://pwc.to/H-1B-Lottery-Policy.

Learn more about how we work: https://pwc.to/how-we-work

For only those qualified applicants that are impacted by the Los Angeles County Fair Chance Ordinance for Employers, the Los Angeles'' Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, San Diego County Fair Chance Ordinance, and the California Fair Chance Act, where applicable, arrest or conviction records will be considered for Employment in accordance with these laws. At PwC, we recognize that conviction records may have a direct, adverse, and negative relationship to responsibilities such as accessing sensitive company or customer information, handling proprietary assets, or collaborating closely with team members. We evaluate these factors thoughtfully to establish a secure and trusted workplace for all.