Our Tax practice is more than just Tax. In People and Organisation you’ll help some of the world’s leading employers make the most of their biggest asset – their people.
Every client has their own unique needs and circumstances - our clients range from large multinationals to pension scheme trustees, and from public sector organisations to privately listed businesses. You'll need to be adaptable and be able to tailor your work for your clients. Sometimes, you might need to work with other teams in PwC such as Business Recovery Services, Corporate Finance, Deals, Sustainability, Data Analytics and Disruption to deliver solutions for our clients’ issues. Find out more about our work and clients below.
In People and Organisation you’ll work in either our Pensions team or Reward and Employment team.
In Reward and Employment, you’ll help companies work out the most effective way of incentivising and rewarding their employees. As part of a multidisciplinary team, you’ll draw on your problem-solving skills to advise clients in this complex and challenging area; using financial modelling and analytical techniques to develop and test reward structures that support business strategy, drive appropriate behaviours, and are considered fair to shareholders and employees alike.
You'll play a big part in helping clients design, evaluate and manage their bonus schemes and long-term incentive arrangements. You’ll use problem-solving and analytical techniques to assess performance in different scenarios and recommend the most appropriate incentive design. Often you’ll create interactive modelling tools to help our clients appreciate and explore the key issues they face. At the same time you'll develop your understanding of the regulatory and commercial backdrop which underpins the advice provided in this highly scrutinised and emotive area. We pride ourselves on providing fresh perspectives, to think differently, and to develop and implement new and value adding solutions.
In Pensions, you’ll be using your analytical, problem solving and communication skills to help our clients manage the costs and risks of past pension promises, and design new promises in a world with ever-changing working patterns.
People are living longer, pension investments can be very volatile and technology enables us to process more data than ever before, so our clients turn to us for creative and innovative solutions to help them provide a sustainable way for their employees to save for retirement.
Your work will be wide ranging - you could be advising your clients on different ways to reduce the shortfall in their defined benefit pension schemes, reviewing their investment strategy and financial risks, or designing new options and plans to help their employees save for retirement. Or you might be helping a company remove its pensions risk by negotiating a deal with an insurer, or assessing the value of a pension scheme and its risks in the context of a merger or acquisition.
Whichever team you work in you’ll be mostly office-based. Although there are client visits, you’ll rarely spend weeks away from home so you won’t need to live out of a suitcase.
Your training combines on-the-job coaching and formal courses with study for professional qualifications. You'll divide your time between working in the office, visiting clients and studying.
During our five year programme, you’ll study with the Institute and Faculty of Actuaries. Once you’ve completed the exams, you’ll then be fully qualified and a Fellow of the Institute of Actuaries. You’ll start working towards this during your induction training and it's a considerable commitment, calling for a great deal of self-discipline and motivation.
At PwC we no longer use UCAS tariff as an assessment tool for the majority of our undergraduate and graduate opportunities. However, the Institute and Faculty of Actuaries require you to have:
* Depending on your degree subject this A level requirement may be dropped.
In addition to this requirement, PwC also requires you to have:
If you would like to find out more about the requirements for the IFoA please refer to the following link - www.actuaries.org.uk/become-actuary/how-become-actuary
Compared to traditional Actuarial firms, with PwC you’ll gain practical experience of working with multidisciplinary practices such as tax, accounting, regulatory, business recovery or deal experts on a wide range of client projects. This will help you develop analytical, technical, communication, project management and networking skills while building your business awareness and industry knowledge.
As an associate, you’ll work on a variety of clients so you build a global commercial awareness across different financial (and non-financial) institutions. From day one, you’ll have project management responsibilities and will be given opportunities to present the results of your statistical modelling to senior colleagues and clients. To support you in your exams, you’ll be given time off to study. As well as a study mentor, you’ll have a large network of other actuarial students there for support and celebrations for exam passes.
At PwC, your work will be tech-enabled - you'll be doing actuarial calculations using our market-leading pensions analytics and valuation tool (Skyval), or you could be using online tools and digital communications to help employees understand their pension benefits.