Finance and Funding
Meet our Finance and Funding Team

Adrian McGarva
Managing Director

Adrian McGarva
Managing Director
Adrian qualified as an actuary in both Australia and the UK, and has extensive experience within the general insurance, reinsurance and corporate finance industries in Australia, the UK, and Switzerland.
Adrian has over 25 years’ experience, including seven years as the Chief Actuary of a global insurance and reinsurance group where he was responsible for the pricing, reserving, and capital adequacy functions as well as providing significant input into underwriting and business strategy.
He has been the Managing Director of PFS Consulting since early 2020 after 8 years as a Principal.
Speak to Adrian about anything to do with actuarial and insurance matters, finance, running, snowboarding or twins.
- Phone:(02) 9225 6100
- Email:adrianmcgarva@pfsconsulting.com.au

Sean Williamson
Principal

Sean Williamson
Principal
Sean has over 25 years’ experience in the financial services industry, working extensively within the life insurance sector. His career has encompassed a number of senior executive roles, including being CEO of a listed financial services company, and he has deep leadership and management experience covering the strategic, operational and technical areas of the broader life insurance industry. He has a strong track record in transforming businesses and delivering significant step changes in growth.
He enjoys business partnerships and is able to assist participants in the life insurance industry to navigate the ever-increasing complexity and demands of the market by clearly diagnosing the challenges and opportunities and synthesising these into clear strategies and solutions.
Speak to Sean about anything to do with optimising the delivery of life insurance throughout the whole value chain, travel and anything sport related.
- Phone:(02) 9225 6100
- Email:sean.williamson@pfsconsulting.com.au

Lynton Norris
Principal

Lynton Norris
Principal
Lynton has a background in the public sector, focussed on developing and implementing policy initiatives and operational reforms in complex areas of public policy. His past roles include Deputy Director-General in ACT Health; CEO of the Commonwealth’s National Health Funding Body; and Director Budget Management and Funding in the Victorian Department of Health.
Combining expert financial acumen and understanding of data and analytics, Lynton applies his extensive policy design and reform experience at Board and Executive levels to help organisations achieve desired strategic, commercial and operational objectives.
Lynton has successfully led national reforms and integrity/performance reviews; evaluated investment models and frameworks; and developed policies and procedures.
Speak to Lynton about all things policy and programs, investment frameworks, budgeting, financial analysis and how data and analytics can be used to gain new insights into business performance. He is also always up for a chat in respect to cycling (both on and off-road!!).
- Phone:(02) 9225 6100
- Email:lyntonnorris@pfsconsulting.com.au

Jessie Yu
Consultant, Actuary

Jessie Yu
Consultant, Actuary
Jessie joined PFS in 2016 after graduating from UNSW with a Distinction in Actuarial Studies. She qualified as an Associate of the Institute of Actuaries of Australia (AIAA) in 2019 and is now a Consultant and Actuary at PFS.
Jessie has experiences across a range of projects covering multiple practice areas, including general insurance, life insurance, superannuation, banking and not-for-profit entities. Her expertise is her ability to understand client needs and then combine her excellent data analytics skills and deep knowledges across multiple practice areas to present outcomes clearly. She has more than seven years’ experience in employee benefits valuation for a leading general insurer and statutory long service leave schemes, Emergency Services Levy reviews for general insurers in Australia, and APRA reporting for superannuation funds.
- Phone:(02) 9225 6100
- Email:jessieyu@pfsconsulting.com.au

Thach Huynh
Principal

Thach Huynh
Principal
Thach is an actuary and senior associate of FINSIA, and a leading practitioner in the areas of valuation and financial modelling. He has worked in specialist financial modelling roles, and as a management consultant, both in Australia and overseas.
Speak to Thach about stochastic analysis and modelling, unlocking insights from data, executive remuneration, and the benefits of living and working in Canberra.
- Phone:(02) 9225 6100
- Email:thachhuynh@pfsconsulting.com.au

Beatrice (Bea) Mendoza
Actuarial Analyst

Beatrice (Bea) Mendoza
Actuarial Analyst
Bea graduated from Ateneo de Manila University (Philippines) in 2017 with a BSc in Management before completing her master’s degree in actuarial practice from Macquarie University (Australia) last 2023.
She joined PFS as an actuarial analyst in January 2024, working towards an associateship with the Actuaries Institute of Australia. Bea has prior work experience in business and managerial finance in the Philippines. Prior to joining PFS, she also worked for an Australian superannuation firm.
Her current role includes areas of general insurance, healthcare, and valuation. She enjoys using actuarial techniques to "read between the lines," analyse complex situations, and solve business problems.
Talk to Bea about data storytelling, business analytics, music, novels, dogs, sketching, and movies.
- Phone:(02) 9225 6100
- Email:beatricemendoza@pfsconsulting.com.au
Understanding the Funding of Public Services
PFS has deep understanding of the funding of public services including ESL in NSW, and risk, activity-based and innovation funding across a range of public services.
- Case Study 1
- Case Study 2
- Case Study 3
- Case Study 4
ESL Funding
PFS assist general insurers in estimating their complicated emergency services liability and levy rates. We have designed a tailored financial model and utilise our data analytical skills to work through market dynamics required for the majority of players in the general insurance market. Our work helps these insurers minimise the risk of financial losses and avoid potential reputational damage.
Data analysis to support ICAHPA innovation funding and operational improvement
PFS joined very large anonymised patient data sets with a range of financial and practice information. This was used to analyse and inform the optimization of practice and forecast future outcomes to support an IHACPA innovation funding submission.
IPART review of funding
PFS assisted a major industry body representing the NFP sector to inform an NSW Government review of the funding of that sector. Our work involved a series of case studies to highlight funding gaps, a separate document reviewing sector-specific cost pressures and collaboration with the pricing tribunal to facilitate clear and consise data request templates.
Lenders Mortgage Insurance
Lenders Mortgage Insurance (LMI) market in Australia. Covering the motivations to buy, importance to financial stability and reinsurance requirements.
Contact us for more detailed information about our capabilities
Core Strengths
We have actuarial expertise across a range of areas of corporate finance and the funding of public services.
- NSW Funding of emergency services
- Funding of healthcare
- Company valuation
- Actuarial due diligence
- Funding of out of home care
- Risk-based capital requirements
- Financial services licensing
- Regulatory capital requirements
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