PKF is the 12th largest accountancy brand and the 12th largest audit practice in the UK. We are also an active member of PKF Global, an international network of legally independent accounting firms that gives us an on the ground presence in 150 countries around the world with access to more than 20,000 people across 440 offices globally.

We provide a full range of audit, accountancy, tax and advisory services, and are experts at simplifying complexity. We are particularly well-known for working with complex clients with challenging issues in fast-moving and highly technical areas, such as the insurance industry, the global capital markets and the not for profit sector. Our aim is to understand people, the organisations they run, and what matters to them, so we can simplify complexity and help them achieve their ambitions.

Click here to learn more about us.

Financial Services 

Our leading financial services practice supports clients across the industry, including wealth and asset management, private equity, insurance, consumer credit and payment services. We have been a trusted adviser to the UK insurance industry for over 150 years and have one of the largest and most experienced teams of insurance experts within the accountancy profession. Established initially as a Lloyd’s practice, our clients now span the entire insurance market – from Lloyd’s syndicates and managing agents to insurance companies, brokers and MGAs.

We have one of the largest financial service audit teams outside of the Big 4 with over 100 audit partners and staff dedicated to supporting the sector. We offer relevant and practical advice to guide and enable our clients to maintain rigorous controls, manage risks and achieve business growth.

We act for many platform-based businesses, including wealth, funds and investment management companies. Our clients include listed businesses and those backed by private equity.

Purpose and aim of the role

The actuarial team acts as technical experts to the Financial Services team and other PKF firms in our network. We are looking for a part qualified actuary with strong communication and technical skills to support our significant business growth.

You will be involved in a variety of client assignments and work closely with other experts in the division. The actuarial team’s work includes external and internal audits, reserve reviews, Solvency II actuarial reporting, IFRS 17 transition assessments, capital calculations and  merger and acquisition due diligence analysis. Our clients include London Market underwriters, Syndicates at Lloyd’s, P&I clubs, captive insurers and other insurance and reinsurance entities underwriting commercial and personal lines business based in the UK and across Europe.

You will be able to increase your actuarial technical knowledge and experience and be involved with assessing and proposing recommendations/solutions. This role will also offer the candidate the opportunity to grow and play a key part with supporting the development of the in-house team capabilities.

Duties and responsibilities

• Working as part of multi-disciplinary client engagement teams to deliver high quality actuarial work as part of external audit assignments.
• Reserving for clients in personal lines as well as the Lloyd’s / London Market, including for Lloyd’s Statements of Actuarial Opinion and Solvency II Technical Provisions.
• Calculating SCRs using the Standard Formula approach.
• Other ad hoc work across reserving, capital modelling and pricing including advisory assignments, internal audits and due diligence.
• Coaching of junior analysts and performing technical accuracy checks for other team members.
• Building and maintaining strong relationships with both new and existing clients as well as within PKF, including with international PKF network firms.
• Assist with developing the library of resources to support actuarial work.
• Supporting senior management efforts to cultivate and maintain target client relationships, including assisting with proposals and the development of sales materials.

Personal Attributes

• Strong analytical skills
• Critical thinker
• Ability to generate workable solutions to problems
• Takes responsibility
• Good attention to detail
• Completes work to a high standard of accuracy
• Completes tasks on time
• Uses initiative
• Able to cope with the pressure of high and varying workloads
• Willing to take and ask for advice
• Flexible in approach to work
• Good written skills to produce quality documentation
• Able to communicate effectively and keep others informed

Experience and Technical Knowledge

• Ideally 2-4 years of UK general insurance experience in reserving
• Experience in capital modelling and/or pricing would also be beneficial
• Part qualified Actuary making good progress through the actuarial exams
• Experience with using reserving and/or capital modelling software tools
• Proficient in using Microsoft Office applications such as Excel, Word and PowerPoint
• Previous consulting experience is helpful but not essential

#LI-TD1