PWC

Finance Transformation, Insurance Consulting - Senior Associate

PWC$77K — $202K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree required
  • 4 years of experience
  • Master's Degree in Accounting, Business Administration/Management, or Finance preferred
  • Certified Public Accountant (CPA) preferred
  • Proficiency in reinsurance contract analysis and interpretation
  • Familiarity with reinsurance accounting systems and software
  • Understanding of L&A insurance regulatory requirements and compliance

Responsibilities

  • Analyze reinsurance contracts proficiently
  • Utilize reinsurance accounting systems effectively
  • Mentor junior team members
  • Build and maintain strong client relationships
  • Manage complex financial scenarios
  • Apply critical thinking to solve intricate issues
  • Enhance personal brand and technical skills

Benefits

  • Medical, dental, and vision insurance
  • 401k plan with employer contributions
  • Paid holidays and vacation
  • Personal and family sick leave
  • Eligible for an annual discretionary bonus
Full Job Description

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.

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

About PWC

PwC is a multinational professional services network of firms headquartered in London, United Kingdom, operating as partnerships under the PwC brand. PwC ranks as the second-largest professional services network in the world and is considered one of the Big Four accounting firms, along with Deloitte, EY and KPMG. PwC firms operate in 157 countries, 742 locations, with 276,000 people. As of 2020, 26% of the workforce worked in the Americas, 26% in Asia, 32% in Western Europe, 5% in Middle East and Africa and 11% in Central and Eastern Europe and Central Asia.
Learn more about PWC
Size
284,000 employees
Industry
Founded
1998

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