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Description
At PwC, our people in workforce consulting focus on providing consulting services related to human resources, talent management, and organisational development. They analyse client needs, develop people and organisation strategies. These individuals offer guidance and support to help clients optimise their workforce, enhance employee engagement, and drive organisational effectiveness. Those in retirement and pensions at PwC will specialise in providing consulting services related to retirement and pension programmes. You will work closely with clients to analyse their retirement and pension offerings, design maintainable and compliant retirement plans, and provide guidance on retirement plan administration, governance, and communication. Working in this area, you will assist clients in managing retirement risks, optimising retirement benefits, and supporting retirement readiness for employees. COMPETENCY OVERVIEW: WORKFORCE TRANSFORMATION At PwC, this team of consultants works with their US counterparts to develop both short and long-term Workforce Transformation solutions for our clients. Our practitioners facilitate transformation by conducting strategic change initiatives, designing HR processes, developing, and implementing learning interventions, HR due diligence, post-merger or acquisition, supporting various HR PMO activities, perform actuarial valuations, benchmark rewards and compensation, harmonize benefits, design plans, de-risking strategies and special studies that align with the client’s business strategy. Some Of Our Key Capabilities Include HR Transformation Talent, Change & Behavior (including Learning Solutions) Deals Rewards & Wellbeing Workforce Analytics & Products The WT competency at ACs in India are well established and has been in operations since the past seven years. Key Responsibilities As a WT practitioner, you will play a key role in helping clients in mitigating risks by providing consulting actuarial solutions by performing funding and accounting valuations as per US legislations along preparing de-risking strategies, plan design and implementation, loss ratio and IBNR analysis. Also support the client in performing annual audit for pension, OPEB and health plans under US and global accounting standards. As such, the key responsibilities for this position include (but are not limited to): Work in teams to support consulting projects with regards to Retirement and Health & Welfare and understanding their methodologies as well as best practices Lead and evaluate business data to draw conclusions and develop insightful Retirement and Health & Welfare strategies and solutions Proactively identify and track key risks, project KPIs, opportunities, etc. and incorporate these into project planning and development Assist the practice leadership with client proposals, thought leadership, and contribute proactively to firm building initiatives Must-have Skills Have an understanding of actuarial valuations for US pension/OPEB plans, prepare disclosure and expense reports as per US GAAP, IAS19R or other local standards as relevant, actuarial calculations to validate various actuarial results such as reserves and Medicaid rates Prepare and review audit support on Claim (IBNR) and Other (Risk Adjustment, Case/Bulk Settlements, Premium Deficiency Reserve (PDR), Loss Adjustment Expense, Medical Loss Ratio) liabilities Have strong business acumen, with ability to understand how business processes and decisions impact people and Organization Have strong analytical, report-writing, facilitation, communication, and presentation skills, with high commitment to quality client service Foster an efficient, innovative, and team-oriented work environment Strong work ethics, proactive and professional behavior Good-to-have Skills Be able to work and manage tasks in a fast-paced and high flexible environment Working knowledge of analytical tools like ProVal, Alteryx, Tableau, PowerBI, Advanced Excel, Microsoft Power Suite Strategic thinker, problem solver Supports engagement manager in delivering engagements by identifying and addressing client needs Exhibits strong ability to work independently as well as in a highly collaborative team environment Eligibility Criteria Master’s degree in Actuarial Science, Economics, Mathematics, Mathematical Statistics, Statistics and member of IAI/IFoA/SOA actuarial societies while pursuing examinations actively Relevant experience of 1-2 years of handling Pension and Health & Welfare actuarial industry No current active backlogs Authorized to work in India Offer letter is subject to successful verification of documents and meeting the eligibility criteria Additional Information Travel Requirements: Travel to client locations may be required as per project requirements Line of Service: Consulting Solutions Industry: Management Consulting Preferred Work Experience: Experience in Consulting (preferably experience in US actuarial valuations, global audit, IBNR and loss ratio analysis, pension forecasting and defined benefits and health due diligence). 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