Assurance - Actuarial Science - Senior Associate - Kolkata Bangalore Hyderabad

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.

Responsibilities

As a Senior 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:

• 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 firms 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 - Bachelors 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

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