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Assurance - ActuarialScience - Life Modeling - Associate 2

0-2 years

Kolkata, Hyderabad / Secunderabad, Bangalore / Bengaluru

1 vacancy

Assurance - ActuarialScience - Life Modeling - Associate 2

PwC

posted 4mon ago

Job Description

A career within Actuarial Services, will provide you with the opportunity to contribute general insurance advice and consulting services to clients such as insurers, banks, regulators, and third party administrators

You ll provide advice covering solvency, economic capital, risk management, mergers and acquisitions, company restructuring and risk control, financial modelling, underwriting, new legislation, and the efficiency of claims or reporting processes

Simply put, you might help analyse the impact that new regulation will have on an insurance company s balance sheet or you could be revising businesses projections and making sure they have adequate reserves

As an Associate, youll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution

PwC Professional skills and responsibilities for this management level include but are not limited to
  • Invite and give in the moment feedback in a constructive manner

  • Share and collaborate effectively with others

  • Identify and make suggestions for improvements when problems and/or opportunities arise

  • Handle, manipulate and analyse data and information responsibly

  • Follow risk management and compliance procedures

  • Keep up-to-date with developments in area of specialism

  • Communicate confidently in a clear, concise and articulate manner - verbally and in the materials I produce

  • Build and maintain an internal and external network

  • Seek opportunities to learn about how PwC works as a global network of firms

  • Uphold the firms code of ethics and business conduct

You will play an integral role in leveraging sophisticated actuarial
software to develop, test and run models that perform a variety of
complex calculations for our life, annuity, and health insurance
clients 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 the insurance operations of
several banks and private equity firms


Primarily using Axis and Prophet but also using other
vendor software or work on models developed by our
clients


Designing, building and testing new models for our
clients

We also convert existing models to models
supported by other vendors

The models are used for
financial and capital reporting, testing client s models, and
mergers and acquisitions activities


Using these actuarial models, our team also performs
valuation and reporting services for our clients as part of
our managed service offering


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 technical actuarial services


You will have the opportunity to specialize in some of the
following
Demonstrating some proven knowledge of, and/or success
in managerial roles involving, technical actuarial subject
matter specialization, especially in Life or Non-Life
industry and regulatory developments


Demonstrating some proven knowledge of database
structures and data process flows


Demonstrates some proven abilities and/or success with
using actuarial software, preferably Axis or Prophet


Demonstrating some proven abilities and/or success as a
team leader creating a positive environment by
monitoring workloads of the team while meeting client
expectations and respecting the work-life quality of team
members; providing candid, meaningful feedback in a
timely manner; keeping leadership informed of progress
and issues; answering questions and providing direction
to less-experienced staff


Demonstrating some proven level abilities and/or success
with writing, communicating, facilitating, and presenting
cogently; to and/or for all levels of industry audiences,
clients and internal staff and management

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
Work Experience ranges as below
- Associate - 0 to 1 year 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


Employment Type: Full Time, Permanent

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PwC Interview Questions & Tips

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What people at PwC are saying

3.4
 Rating based on 73 Associate L2 reviews

Likes

PwC Digital offers tremendous opportunities towards upskilling.

  • Skill development - Excellent
Dislikes

No job security, easy layoffs PwC digital is having so much of micro management. Opportunities, hikes and promotions are based on the good relationship if you have with your manager Poor concept of coach and RL Poor recognition of hard work

  • Salary - Bad
  • +4 more
Read 73 Associate L2 reviews

Associate L2 salary at PwC

reported by 389 employees with 1-5 years exp.
₹4.9 L/yr - ₹16 L/yr
29% more than the average Associate L2 Salary in India
View more details

What PwC employees are saying about work life

based on 9.2k employees
75%
88%
58%
87%
Flexible timing
Monday to Friday
No travel
Day Shift
View more insights

PwC Benefits

Submitted by Company
Staff discounts
Professional Memberships
In-house learning tools
Referral Bonuses
Corporate Plan
Buy more leave! +7 more
Submitted by Employees
Work From Home
Health Insurance
Cafeteria
Job Training
Soft Skill Training
Free Transport +6 more
View more benefits

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Plot Nos 56 & 57 -57, Electronics Complex, DN Block, Sector V, Salt Lake City Kolkata
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