Finance and Funding
Meet our Finance and Funding Team
Adrian McGarva
Managing Director
Adrian McGarva
Managing Director
Adrian has been the Managing Director of PFS since early 2020 and is an Appointed Actuary to multiple Australian General Insurers. He 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 30 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.
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
Madeleine Mattera
Practice Leader
Madeleine Mattera
Practice Leader
Madeleine is a qualified Chartered Accountant and Auditor with over 35 years’ experience covering the entire Australian financial services industry and global FS clients.
She was National Practice Leader for Financial Services for Grant Thornton for 7 years and has held roles in KPMG & EY as a Financial Services Partner for an additional 10 years.
Madeleine specialises in Risk Advisory Services, Internal Audit Services (outsource & co-source) and acting as Chief Risk Officer or Chief Audit Executive.
- Phone:(02) 9225 6100
- Email:madeleinemattera@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.
Meet our Finance and Funding Team
Adrian McGarva
Managing Director
Adrian McGarva
Managing Director
Adrian has been the Managing Director of PFS since early 2020 and is an Appointed Actuary to multiple Australian General Insurers. He 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 30 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.
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
Madeleine Mattera
Practice Leader
Madeleine Mattera
Practice Leader
Madeleine is a qualified Chartered Accountant and Auditor with over 35 years’ experience covering the entire Australian financial services industry and global FS clients.
She was National Practice Leader for Financial Services for Grant Thornton for 7 years and has held roles in KPMG & EY as a Financial Services Partner for an additional 10 years.
Madeleine specialises in Risk Advisory Services, Internal Audit Services (outsource & co-source) and acting as Chief Risk Officer or Chief Audit Executive.
- Phone:(02) 9225 6100
- Email:madeleinemattera@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
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 out of home care
- Risk-based capital requirements
- Financial services licensing
- Regulatory capital requirements
Recent Articles
Prudential regulation of insurance in New Zealand – What’s the point
In August of 2025, the New Zealand Cabinet approved the preparation of an amendment to the Insurance (Prudential Supervision) Act 2010, colloquially known as “IPSA”.
System Risk: What APRA’s focus means for you
The publication provides us with APRA’s most comprehensive view on systemic risk and geopolitical risk together to date. In this article we review APRA’s observations and consider implications for the risk functions of APRA- regulated entities.






