Assurance - Actuarial Science - Life Modeling - Associate 2 - Kolkata/Bangalore/Hyderabad

Line of Service

Assurance

Industry/Sector

FS X-Sector

Specialism

Assurance

Management Level

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 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.

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

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

April 29, 2025