Actuarial Specialist in Audit Department

Job Description & Summary

About the team 

Our team of 8 colleagues helps financial organisations navigate regulatory complexity while strengthening trust and transparency in their business. Our clients cover industries within banking and capital markets, private equity, insurance, and consumer finance.

About your manager 

Michal Kudlík has been with PwC for seven years now, and during this time, he has progressed from an insurance mathematician to a managerial position in the audit department. In his team, you will always have support, as he himself has walked this path. Outside of work, Michal enjoys spending time with his family, and his major hobby is beekeeping.

Job description & summary 

This position is unique as it offers the opportunity to explore two fields: Actuary and Financial Audit. This dual exposure provides a broader perspective on the job market and potential career paths in either area. You’ll work alongside senior members of the client’s management team in planning the audit process from beginning to end, ensuring completeness, accuracy, and fair presentation of our client’s information. Your main responsibilities include:

• Actuarial recalculation of technical reserves, reserve adequacy testing of actuarial procedures and methods for the purposes of financial audits/reviews of insurance and pension companies in Czech market or in broather region.

• Audit procedures and financial statements review of financial institutions (such as banks, insurance and pension companies, etc.).

• Evaluation of capital requirements under Solvency II standard formula and/or internal model.

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Other actuarial projects

• Actuarial support for due diligence projects and actuarial reporting.

• Insurance and pension portfolio analyses and participation in pricing projects.

Requirement of the role

• University degree in actuarial mathematics (or in mathematics or in statistics).

• Actuarial experience is an advantage but the position is suitable also for graduates.

• Fluency in Czech/Slovak, very good knowledge of English is a must and knowledge of German is a great advantage.

• Business orientation, client approach.

• Strong analytical thinking.

• Experience with work in Excel,

• Experience with Visual basic, SQL and any of actuarial modelling tools (Prophet, Moses, etc) is an advantage.

Our Benefits and Fun

• Concentrated experience and rapid career growth. It may sound like a platitude, but it really is.

• Fair wages plus paid overtime and annual bonus.

• Paid time off 25 days, 3 wellbeing days and 2 extra days off from the company at the end of the year.

• Flexible working hours and possibility of home-office.

• High-end Ultrabook and iPhone with unlimited data.

• Benefit program with 30.000 points that you can use for holidays, education, food vouchers, sport (Multisport), health... Simply on what you enjoy.

• Possibility to obtain international actuarial qualification fully reimbursed by our firm. 

• Support for your education and development: we offer business and digital training (Alteryx, Power BI) and many other training and workshops to further develop your personal and professional skills. We pay for technical certifications and the time you spend studying them.

• Opportunity to work in the future at a foreign PwC office, for example in the USA, Canada and there are others in the selection. 

• Extra-work activities and Away Days (team building, ski weekend, etc.). 

• Buddy system and regular feedback on your work, also consultation with a coach with whom you can address your further development and career direction.

PwC is the largest audit team in the Czech Republic, but also law, tax, consulting and technology, data or forensic teams. Find out how easy it is to combine this knowledge when you're in the right place. With us, you will get the opportunity to see how business is done in large companies. We are part of an international network of companies with more than 364,000 colleagues in 151 countries. At PwC, we create an inclusive work environment where everyone can be themselves and find their place and opportunity to develop.

Are you interested in our offer? Let us know about yourself and we will discuss more details together!

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