Job description / Role
Line of Service
Job Description & Summary
The Financial Services Consulting team provides a full range of consulting services to our Banking, Insurance & Financial Services clients. PwC's Insurance consulting practice provides services in business transformation areas including:
• Customer experience
• Top down business strategy
• Operational transformation, process reengineering, automation
• Market assessment and opportunity identification
• Digital & Technology
• Cost rationalization
• Productivity agenda, and other related topics
The Insurance industry is undergoing fundamental transformation as it comes up against the impact of new regulation, new technology, accelerating shifts in consumer demand and mounting competition from InsurTech players.
As a member of our growing team, you will navigate this increasingly complex and uncertain business and geopolitical landscape by helping organizations become more effective by looking beyond the traditional boundaries of the insurance business to improve the way they operate; manage costs; better align people, process and technology initiatives; support business growth to maintain or improve competitive edge. In doing so, we focus on their agendas and the big issues they need to deal with, both today and in the future.
We are looking for dynamic, flexible, proactive and hardworking experienced consultants who have a passion for shaping insurance sector positively in the GCC over the coming years. We have a strong pipeline of large, transformational opportunities with our clients which will provide great opportunities for all our people to step up and play significant and rewarding roles.
As a Senior Associate, you will work as a project team member to deploy innovative end-to-end solutions for our clients on transformation projects, across the above-mentioned areas:
• Support sales pitches to clients and ensure growth of the insurance platform in terms of revenue terms.
• Deliver assignments including day-to-day follow up on project teams and ensuring targets are met.
• Build and enhance insurance team capabilities by always being up to date with trends in the market and understanding the impact on our clients so that you can help shape their thinking and our success in the market.
• Develop propositions and impart this knowledge to members within the team.
• Work with colleagues in all Middle Eastern offices on client work and internal initiatives as well as with international teams where appropriate.
• Keep up to date with current trends from the region and from across the world.
• Demonstrate teamwork and responsibility with the engagement team members; stay abreast of current business and economic developments relevant to the client's business; and use current technology and tools to enhance the effectiveness of services provided.
• Education: Bachelor's degree in Finance, Business, and Economics, Quantitative Analysis or other related major required.
• CA/CFA/MBA or equivalent.
• Years of Experience 5+ years of experience in the insurance industry - management consulting experience with insurance sector focus will be preferred
• Middle East insurance experience is preferred
• Language Skills: Excellent English communication skills (verbal and written), particularly ability to articulate concepts and recommendations in written form (PowerPoint reports, charts etc.) Bilinguals with Arabic language are preferred.
• Good understanding of insurance solutions (products) life cycle
• Exposure to digital transformation project(s)
• Excellent organizational skills, having the ability to prioritize workload whilst being resilient and being able to cope well under pressure and meeting tight deadlines.
• Proven IT skills in Excel, Word and Powerpoint.
• The ability and willingness to travel within the Middle East and worldwide where the project dictates.
• Strong capability to manage delivery.
• In depth financial sector acumen and the underlying market forces affecting the performance of organizations and their strategic objectives.
• Demonstrated track record in development and implementation of practical solutions to complex strategic challenges.
• Proven strong conceptualized thinking and analytical capabilities.
• Strong portfolio / program/ project management skills.
About the Company
PwC firms help organizations and individuals to create the value they're looking for.
We're a network of firms in 158 countries with close to 169,000 people who are committed to delivering quality in assurance, tax and advisory services. PwC is the brand under which member firms of PricewaterhouseCoopers International Limited (PwCIL) operate and provide services. Together, these firms form the global PwC network.
In our 3 key areas of business or Lines of Service Assurance, Tax, and Advisory we work with our clients from business start ups to the worlds leading organizations to measure, protect and enhance the things that matter most to them.
We help our own people to learn, discover, develop and make a real difference all the way through their working lives. And we have big ambitions to grow.
PwC Middle East Region is part of what we call the Central Cluster and includes the UK, Europe and Africa as well as the Middle East. The region consists of 12 markets - UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, Oman, Jordan, Lebanon, Egypt, Libya, Iraq and Palestine.
PwC has been established in the region for over 40 years, we already employ over 4500 people and we are on course to become the Middle East number one professional service firm.