Manager - Non Life Actuarial

Our Purpose: At PwC, our purpose is to build trust in society and solve important problems.

About PwC: Were a network of firms in 158 countries with over 250,000 people who are committed to delivering quality in assurance, advisory and tax services. In India, PwC has offices in Ahmedabad, Bengaluru, Bhopal, Chennai, Dehradun, Delhi NCR, Hyderabad, Kolkata, Mumbai, Pune, Raipur and Shimla. Find out more at www.pwc.com

The Team (FST)

Financial Services & Treasury is part of the wider PwC’s Advisory services in India and comprises subject matter experts with deep industry experience and from varied backgrounds including banking, insurance, risk management, treasury, rating analyst, information technology, and actuarial consulting.

The actuarial services capability of FST service includes product development, pricing of insurance products, statutory / shareholder valuation, accounting as per IGAAP / IFRS 17, risk management and asset liability management. In addition, the capability helps and support clients in performing required regulatory reviews, due diligence for potential buyers/sellers, managing their insurance liability requirements, transitioning to new regulatory and market requirements and offering new products to their customers.

The Role

The role is for an experienced non-life actuarial professional with prior work experience in the IFRS 17 / Ind AS 117 implementation, preferably in the Indian non-life insurance industry.

You will be providing high-quality consulting and technical services to our clients both in India and overseas. The role offers the opportunity to be a part of a fast-paced, growing consulting team focused on solving challenging problems through collaboration and team effort.

Focusing on non-life insurance, you will be involved in managing, working on, and engaging with clients for actuarial consulting projects across multiple streams such as IFRS 17 implementation & assurance, audit reviews, M&A due diligence, staff augmentation etc. You will also be involved in designing new propositions for actuarial services to be offered to clients in the insurance industry and beyond.

The Requirements

I. QUALIFICATION

1. Preferably 7 or more years of experience in Insurance or Consulting Firms in Non-life Domain

2. Qualified non-life actuary or actuary close to qualification preferred

3. Prior experience with IFRS 17 / Ind AS 117

4. Prior experience of working in the India domestic market through insurance or consulting preferred

5. Prior experience managing multiple projects and interacting with senior stakeholders

II. EXPERTISE

6. Thorough understanding of non-life insurance products, Indian statutory requirements, shareholder reporting

7. Preferably, expertise in one or more of: reserving, pricing and product development, automation of actuarial processes

8. Ability to manage projects and resources

9. Ability to interact with senior stakeholders in client entities etc.

10. Excellent knowledge of Excel

11. Working knowledge of Python and / or VBA preferred

III. INDIVIDUAL ATTRIBUTES

12. Strong communication skills and presentation skills

13. Ability to interact with senior stakeholders

14. Managerial abilities