At PwC, our people in risk and compliance focus on maintaining regulatory compliance and managing risks for clients, providing advice, and solutions. They help organisations navigate complex regulatory landscapes and enhance their internal controls to mitigate risks effectively. In actuarial services at PwC, you will be responsible for analysing and managing financial risks for clients through statistical modelling and data analysis. Your work will generate valuable insights and recommendations to help businesses make informed decisions and mitigate potential risks.Driven by curiosity, you are a reliable, contributing member of a team. In our fast-paced environment, you are expected to adapt to working with a variety of clients and team members, each presenting varying challenges and scope. Every experience is an opportunity to learn and grow. You are expected to take ownership and consistently deliver quality work that drives value for our clients and success as a team. As you navigate through the Firm, you build a brand for yourself, opening doors to more opportunities.
Skills
Examples of the skills, knowledge, and experiences you need to lead and deliver value at this level include but are not limited to:
- Apply a learning mindset and take ownership for your own development.
- Appreciate diverse perspectives, needs, and feelings of others.
- Adopt habits to sustain high performance and develop your potential.
- Actively listen, ask questions to check understanding, and clearly express ideas.
- Seek, reflect, act on, and give feedback.
- Gather information from a range of sources to analyse facts and discern patterns.
- Commit to understanding how the business works and building commercial awareness.
- Learn and apply professional and technical standards (e.g. refer to specific PwC tax and audit guidance), uphold the Firm's code of conduct and independence requirements.
- Job Description
Main purpose of the job and key background information
- (Note: Key responsibilities are assigned based on an evaluation of the candidate’s professional qualification, relevant experience, Excel skills, and a demonstrated working knowledge of financial analysis that impacts the business and economic environment.)
- You will play an integral role in supporting our large P&C clients as well as a variety of cross-industry clients who either self-insure or offer loyalty programs in a variety of ways which includes the following but are not limited to:
- Supporting the audits of several of the largest insurers in the world. This includes public, private and mutual insurers. It also includes dozens of large firms across multiple industries.
- Performing a variety of consulting projects that include financial reporting, capital reporting, product pricing. We also perform operational and organizational consulting for our clients.
- Supporting buyers and sellers in merger and acquisition activities. This includes analysis of the underlying products and services as well as potential risks and other elements that affect the price of the deal.
- Help them design, develop and value warrantee programs across multiple industries.
- Specific responsibilities include but are not limited to:
- Participating in a wide range of projects and collaborating across multiple work streams or teams; consistently demonstrating creative thinking, individual initiative and timely completion of assigned work.
- Consistently demonstrating teamwork dynamics by working as a team member: understanding personal and team roles; contributing to a positive working environment by building solid relationships with team members; proactively seek guidance, clarification and feedback.
- Ability to prepare deliverables within stringent deadlines.
- Keep up to date with local, national and international
- business and economic issues.
- Contribute to the development of your own and team’s
- technical acumen.
- Serve as participant on communications with numerous
- Engagement teams
- A career in this practice will provide you the opportunity to
- help organizations by providing core actuarial and insurance
- services. You will have the opportunity to specialize in some of
- the following:
- Participating in providing clients advice and counsel in the
- areas of process improvement, risk and capital
- management, value analyses and actuarial and
- quantitative modeling;
- Participating in a wide range of projects; consistently
- demonstrating creative thinking and individual initiative;
- Demonstrating teamwork dynamics through working as a
- team member;
- Identifying and addressing client needs; and,
- Demonstrating flexibility in prioritizing and completing
- tasks while exercising professional scepticism.
- Demonstrating ability to research and analyse pertinent
- client, industry, and technical matters;
- Experience demonstrating strong problem-solving skills
- and the ability to prioritize and manage multiple tasks;
- Ability to interact with various levels of client and firm
- management through both written and verbal
- communications; and,
- Ability to self-motivate and take responsibility for
- personal growth and development.
- Requirements
- These should include essential &
- desirable requirements such as:
- Level of experience
- Education/qualifications
- Industry experience
- Technical capability
- Sales/BD capability
- Metrics
- Key personal attributes
- Consulting experience
- Bachelor’s in finance/Economics/Mathematics/Statistics (B.
- Com, B.A (Economics) B.Sc. with Economics / Mathematics /
- Statistics Hons) with focus on actuarial methods and
- principals along with following certifications / degree:
- - Actively pursuing Membership / Associateship of the
- Institute and Faculty of Actuaries / Institute of
- Actuaries of India (or equivalent) with a minimum of
- 2 Actuarial Exams
- - Certification requirement may be waived if the
- candidate has more experience in the relevant field
- Work Experience ranges as below:
- - Associate – 0 to 1years for the members / associate of
- Actuarial Institutions
- - Associate 2 – 1 to 2 years for the members / associate
- of Actuarial Institutions
- Work Experience from following organisations: - Big 4s – similar experience
- - Any of the 24 registered Life Insurance Companies in India like LIC, HDFC Life, ICICI Pru, etc.
- - Financial Consultancy / Financial Advisor Companies
- – Willis Towers Watson, Milliman, WNS Global Services, Numerica, Accenture
- - General Insurance Corporation of India (GIC)
- - Foreign Reinsurance Companies – Swiss Re, Munich Re, Scor SE, Hannover Re, RGA Life, XL Insurance
- Company SE, General Reinsurance AG, AXA France
- Vie, Allianz Global Corporate & Specialist SE
- Advance knowledge on Microsoft Office especially Excel
- An additional knowledge of either of the following would be preferred:
- - Data Analytics – Python, SQL
- - Visualization Tools (Tableau, PowerBI, QuickSight)
- - VBA programming
- Proficient written and verbal English communication skills
- Commitment to continuous training and to proactively learn new processes
- Team player – committed to providing high quality and maintaining timeliness
- Demonstrated self-motivation and a desire to take responsibility for personal growth and development
