NFP Sector
Meet our NFP Sector Team
Working with NFP’s to help deliver on their mission
PFS bring our wide ranging actuarial and risk knowledge to provide insight and help inform and solve a range of issues across the NFP sector.
NFP Industry body
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 concise data request templates.
Risk management for NFP
PFS provided outsourced risk management services to a major Australian NFP. The initial focus of risk discussions was at Board and Executive level, where PFS helped to refresh the risk appetite, and to uplift the enterprise risk register. These key elements of the risk management framework are now integral to business planning. They have been careful not to overspend on risk management activities, and has focused on the actions needed to operate within appetite. An increasingly mature approach to risk management has helped Board and management to communicate with confidence to both internal and external stakeholders.
Reserving for NFP
A religious order sought funding and valuation advice relating to long-term contingent liabilities and the management of cashflows and capital. We projected the number of Sisters at different life
stages, and the associated costs of maintaining these Sisters. We also projected investment returns, capital growth and other cash inflows and outflows. This enabled us to recommend a central estimate of the liabilities needed to be funded both now and into the future. By stressing our assumptions we were able to recommend an appropriate buffer over this central estimate. Since there were surplus funds available, we recommended a schedule for releasing capital that would allow the NFP to maintain sufficient funds and to adapt if assumptions did not unfold as predicted.
Data analytics to support practice improvement and advocacy
PFS undertakes annual data analysis for a major NFP to inform their internal practice, policy advocacy and funding across a range of states and programs.
Meet our NFP Sector Team
Working with NFP’s to help deliver on their mission
PFS bring our wide ranging actuarial and risk knowledge to provide insight and help inform and solve a range of issues across the NFP sector.
NFP Industry body
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 concise data request templates.
Risk management for NFP
PFS provided outsourced risk management services to a major Australian NFP. The initial focus of risk discussions was at Board and Executive level, where PFS helped to refresh the risk appetite, and to uplift the enterprise risk register. These key elements of the risk management framework are now integral to business planning. They have been careful not to overspend on risk management activities, and has focused on the actions needed to operate within appetite. An increasingly mature approach to risk management has helped Board and management to communicate with confidence to both internal and external stakeholders.
Reserving for NFP
A religious order sought funding and valuation advice relating to long-term contingent liabilities and the management of cashflows and capital. We projected the number of Sisters at different life
stages, and the associated costs of maintaining these Sisters. We also projected investment returns, capital growth and other cash inflows and outflows. This enabled us to recommend a central estimate of the liabilities needed to be funded both now and into the future. By stressing our assumptions we were able to recommend an appropriate buffer over this central estimate. Since there were surplus funds available, we recommended a schedule for releasing capital that would allow the NFP to maintain sufficient funds and to adapt if assumptions did not unfold as predicted.
Data analytics to support practice improvement and advocacy
PFS undertakes annual data analysis for a major NFP to inform their internal practice, policy advocacy and funding across a range of states and programs.
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Core Strengths
We have actuarial expertise across a range of areas of the NFP Sector.
- Out of home care practice and funding
- Longitudinal data analysis and testing
- Risk managament and understanding specific risks facing NFPs
- Contingent liability valuation
- Capital and cashflow requirements for the pre-funding and management of long-term liabilities
- Independent assessment of performance vs objectives
- Social bond applications and requirements
- Lifetime assessment of policy reforms
Core Strengths
We have actuarial expertise across a range of areas of the NFP Sector.
- Out of home care practice and funding
- Longitudinal data analysis and testing
- Risk managament and understanding specific risks facing NFPs
- Contingent liability valuation
- Capital and cashflow requirements for the pre-funding and management of long-term liabilities
- Independent assessment of performance vs objectives
- Social bond applications and requirements
- Lifetime assessment of policy reforms
Recent Articles
Recent Articles
We have worked with
