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.Focused on relationships, you are building meaningful client connections, and learning how to manage and inspire others. Navigating increasingly complex situations, you are growing your personal brand, deepening technical expertise and awareness of your strengths. You are expected to anticipate the needs of your teams and clients, and to deliver quality. Embracing increased ambiguity, you are comfortable when the path forward isn’t clear, you ask questions, and you use these moments as opportunities to grow.
Skills
Examples of the skills, knowledge, and experiences you need to lead and deliver value at this level include but are not limited to:
- Respond effectively to the diverse perspectives, needs, and feelings of others.
- Use a broad range of tools, methodologies and techniques to generate new ideas and solve problems.
- Use critical thinking to break down complex concepts.
- Understand the broader objectives of your project or role and how your work fits into the overall strategy.
- Develop a deeper understanding of the business context and how it is changing.
- Use reflection to develop self awareness, enhance strengths and address development areas.
- Interpret data to inform insights and recommendations.
- Uphold and reinforce professional and technical standards (e.g. refer to specific PwC tax and audit guidance), the Firm's code of conduct, and independence requirements.
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.)
Role
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 minimumof 4 Actuarial Exams
- Certification requirement may be waived if the
candidate has more experience in the relevant field
- Work Experience ranges as below:
- Senior Associate – 2 to 3 years for the members /
associate of Actuarial Institutions
- Senior Associate 2 – 3 to 5 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
