Manager, Actuary - Actuarial and Risk Modelling Services (Non-Life Insurance Specialization) (m/f/d)

pwc· PricewaterhouseCoopers Assurance
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📍 LuxembourgFull time

About this role

Line of Service

Assurance

Industry/Sector

Not Applicable

Specialism

Assurance

Management Level

Manager

Job Description & Summary

PwC Luxembourg is hiring a Manager (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 manager with a background in non-life insurance and reinsurance expertise 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 projects across the Luxembourg and broader European markets, as well as multidisciplinary projects in areas such as reinsurance optimisation and business transactions.

Your role will involve working with the ARMS team on non-life insurance projects alongside colleagues from different teams with diverse backgrounds to provide our clients with the best possible solutions. Depending on the project, you will either manage it or carry out the analytical work yourself.

Be a part of our team where you will:

  • Provide actuarial consulting services, including risk pricing, reinsurance optimisation, business plan review and development, claims reserve review, risk and capital modelling, and other actuarial projects.

  • Perform IBNR reserving analysis, backtesting 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 as subject matter experts (SMEs) in reinsurance and non-life insurance, such as local regulation, IFRS 17 accounting, transfer pricing, POG/VFM, etc.

  • Lead and deliver projects related to reinsurance strategy and optimization, including planning and pricing, and capital efficiency analysis.

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

  • Support the finance and tech transformation journeys of clients with subject matter expertise in reinsurance, risk pricing and reserving.

  •  Lead and deliver actuarial projects focused on analyzing claims experience and development patterns, assessing reserving implications, and quantifying the impact on loss ratios and profitability to support strategic decision-making and improve overall efficiency.

  • 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 significant progress in the examination process towards becoming a Fellow of the Institute and Faculty of Actuaries or a Fellow of the Casualty Actuarial Society (or an equivalent actuarial association in a European country).

  • You have at least 5 years of experience in reserving, pricing, capital or risk modelling in non-life insurance industry and/or consultancy. Alternatively, you have a background as a recognised non-life insurance consultant or have successfully delivered significant actuarial projects within the non-life insurance industry.

  • You have practical experience with reinsurance, including planning, pricing, and optimisation, as well as Product design, risk transfer mechanisms, retrocession strategies, capital efficiency analysis, exposure modelling, and compliance with Solvency II and IFRS 17 frameworks.

  • You demonstrate solid understanding of standard 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 developed wider commercial awareness and understanding of the business and regulatory issues facing the non-life insurance industry.

  • You enjoy working in a practical and creative manner, constantly analysing and solving new challenges. You inspire and retain clients thanks to your advisory skills.

  • 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 are proficient in specialised non-life software in one of areas such as pricing, reserving, capital management (for example, URS, ResQ, 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, Coaching and Feedback, 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, Professional Courage, Relationship Building, Risk Analysis, Risk Model Implementation {+ 8 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

Frequently Asked Questions

Is the salary disclosed for the Manager, Actuary - Actuarial and Risk Modelling Services (Non-Life Insurance Specialization) (m/f/d) position at pwc?
The salary for this Manager, Actuary - Actuarial and Risk Modelling Services (Non-Life Insurance Specialization) (m/f/d) role at pwc is not publicly listed. Click "Apply Now" to learn more about the compensation package on their official careers page.
Where is the Manager, Actuary - Actuarial and Risk Modelling Services (Non-Life Insurance Specialization) (m/f/d) position at pwc located?
This Manager, Actuary - Actuarial and Risk Modelling Services (Non-Life Insurance Specialization) (m/f/d) role at pwc is based in Luxembourg. The position is listed as on-site or hybrid. Check the full job description or apply directly to confirm the work arrangement.
Is the Manager, Actuary - Actuarial and Risk Modelling Services (Non-Life Insurance Specialization) (m/f/d) role at pwc full-time or part-time?
This is listed as a Full time position. It is posted as a Manager, Actuary - Actuarial and Risk Modelling Services (Non-Life Insurance Specialization) (m/f/d) role in the PricewaterhouseCoopers Assurance department at pwc.
Which team or department does the Manager, Actuary - Actuarial and Risk Modelling Services (Non-Life Insurance Specialization) (m/f/d) at pwc belong to?
This Manager, Actuary - Actuarial and Risk Modelling Services (Non-Life Insurance Specialization) (m/f/d) position is part of the PricewaterhouseCoopers Assurance department at pwc. See the full job description for more information about the team structure and responsibilities.
How do I apply for the Manager, Actuary - Actuarial and Risk Modelling Services (Non-Life Insurance Specialization) (m/f/d) position at pwc?
Click the "Apply Now" button on this page. You will be redirected to pwc's official application portal hosted on workday where you can submit your application directly.
When was the Manager, Actuary - Actuarial and Risk Modelling Services (Non-Life Insurance Specialization) (m/f/d) job at pwc posted?
This Manager, Actuary - Actuarial and Risk Modelling Services (Non-Life Insurance Specialization) (m/f/d) position at pwc was posted on Aug 25, 2026. Apply as soon as possible — early applications are often reviewed first.
Manager, Actuary - Actuarial and Risk Modelling Services (Non-Life Insurance Specialization) (m/f/d)
pwc
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