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Assurance - Actuarial Science - Life technical - Associate
0-2 years
Kolkata, Hyderabad / Secunderabad, Bangalore / Bengaluru
1 vacancy
Assurance - Actuarial Science - Life technical - Associate
PwC
posted 2mon ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
Industry/Sector
FS X-Sector Specialism
Assurance Management Level
Associate Summary
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 supporting our life, annuity, and
health clients 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 the insurance operations of
several banks and private equity firms.
Performing a variety of consulting projects that include
financial reporting, capital reporting, product pricing. We
also perform operational and organizational consulting for
our clients.
Supports 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.
Performing detailed model validations of underlying
reserves and other actuarially determined balances across
multiple reporting and regulator bases. This work
supports audits and consulting engagements.
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 actuarial and insurance
services. You will have the opportunity to specialize in some of
the following
Participate in providing clients advice and counsel in the
areas of process improvement, risk and capital
management, value analyses and actuarial and
quantitative modeling;
Participate in a wide range of projects; consistently
demonstrating creative thinking and individual initiative;
Participate in a wide range of projects; consistently
demonstrating creative thinking and individual initiative;
Demonstrate teamwork dynamics through working as a
team member;
Identify and address client needs; and,
Demonstrate flexibility in prioritizing and completing
tasks while exercising professional scepticism.
Demonstrate 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.
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.
Education (if blank, degree and/or field of study not specified)
Degrees/Field of Study required Certifications (if blank, certifications not specified)
Required Skills
Optional Skills
Employment Type: Full Time, Permanent
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What people at PwC are saying
Assurance salary at PwC
reported by
5
employees
₹3
L/yr - ₹9.5
L/yr
94%
more
than the average Assurance Salary in India
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What PwC employees are saying about work life
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Flexible timing
Monday to Friday
No travel
Day Shift
PwC Benefits
Submitted by Company
Staff discounts Professional Memberships In-house learning tools Referral Bonuses Corporate Plan
Submitted by Employees
View more benefits 
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