Assurance - Actuarial Science - Life Modeling - Associate 2 - 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 an 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:

• 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 firm's 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.