Assurance - Actuarial Science - Senior Associate - Kolkata/Bangalore/Hyderabad

Kolkata (AC) - Bangalore - RMZ Hebbal

PwC

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Line of Service

Assurance

Industry/Sector

FS X-Sector

Specialism

Assurance

Management Level

Senior Associate

Job Description & 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.

To really stand out and make us fit for the future in a constantly changing world, each and every one of us at PwC needs to be a purpose-led and values-driven leader at every level. To help us achieve this we have the PwC Professional; our global leadership development framework. It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future.

As a Senior Associate, you'll 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:

  • Use feedback and reflection to develop self awareness, personal strengths and address development areas.
  • Delegate to others to provide stretch opportunities, coaching them to deliver results.
  • Demonstrate critical thinking and the ability to bring order to unstructured problems.
  • Use a broad range of tools and techniques to extract insights from current industry or sector trends.
  • Review your work and that of others for quality, accuracy and relevance.
  • Know how and when to use tools available for a given situation and can explain the reasons for this choice.
  • Seek and embrace opportunities which give exposure to different situations, environments and perspectives.
  • Use straightforward communication, in a structured way, when influencing and connecting with others.
  • Able to read situations and modify behavior to build quality relationships.
  • Uphold the firm's code of ethics and business conduct.

This position focuses on performing actuarial duties relating to Appointed Actuary and audit support work, as well as a variety of other consulting projects of an actuarial/statistical/modeling nature as required. The position will be required to effectively communicate actuarial concepts to co-workers and clients, including non-actuarial audiences. This also includes training and mentoring associates when necessary.

Responisbilities:

Consulting (50%)

  • Assist in performing duties relating to Appointed Actuary work

  • Assist on various actuarial consulting projects 

  • Prepare actuarial valuation reports and presentations

Audit Support (30%)

  • Provide audit specialist support to PwC audit teams

Training & Mentorship (10%)

  • Train and mentor Associates on the above tasks

Other tasks & responsibilities as assigned (10%)

  • Assist with other projects as required by the department

Skills Requirements:

  • Knowledge of actuarial theories and insurance products

  • Proficiency in computer applications, including MS Excel, Word, Access and PowerPoint

  • Proficient in Moody’s Analytics  AXIS

  • Experience with Moody’s Analytics RiskIntegrity for IFRS 17 considered an asset

  • Working experience of programming languages (VBA, SQL, C++, Python, R) is an asset

  • Statistical programming skills are an asset

Education:

Min. Qualification - Bachelor's degree in any of the following areas of study;
Actuarial Science, Statistics, Mathematical Statistics, Applied Mathematics, Mathematics, Economics, Other related fields of Study may be considered

Credential--Associate of the Society of Actuaries (or equivalent) Preferred or Actively pursuing Associateship of the Society of Actuaries (or equivalent)
-Certification requirement may be waived if the candidate has more experience in the relevant field

Experience - 2+ years

Education (if blank, degree and/or field of study not specified)

Degrees/Field of Study required:

Degrees/Field of Study preferred:

Certifications (if blank, certifications not specified)

Required Skills

Optional Skills

Accepting Feedback, Accepting Feedback, Active Listening, Actuarial Science, Analytical Thinking, Communication, Complex Data Analysis, Creativity, Embracing Change, Emotional Regulation, Empathy, Financial Data Mining, Financial Modeling, Financial Risk Analysis, Financial Risk Management, Inclusion, Intellectual Curiosity, Learning Agility, Optimism, Presenting Financial Reports, Risk Analysis, Risk Model Implementation, Self-Awareness, Statistical Analysis Software, Statistical Consulting {+ 3 more}

Desired Languages (If blank, desired languages not specified)

Travel Requirements

Not Specified

Available for Work Visa Sponsorship?

No

Government Clearance Required?

No

Job Posting End Date

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* Salary range is an estimate based on our AI, ML, Data Science Salary Index 💰

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Tags: Consulting Data analysis Data Mining Economics Excel Mathematics Python R SQL Statistics

Perks/benefits: Career development

Region: Asia/Pacific
Country: India

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