Assurance - Actuarial Science - Life technical - Associate - 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 supporting our life, annuity, and

health clients in a variety of ways 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.

● Performing a variety of consulting projects that include

financial reporting, capital reporting, product pricing. We

also perform operational and organizational consulting for

our clients.

● Supports buyers and sellers in merger and acquisition

activities. This includes analysis of the underlying

products and services as well as potential risks and other

elements that affect the price of the deal.

● Performing detailed model validations of underlying

reserves and other actuarially determined balances across

multiple reporting and regulator bases. This work

supports audits and consulting engagements.

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 actuarial and insurance

services. You will have the opportunity to specialize in some of

the following:

● Participate in providing clients advice and counsel in the

areas of process improvement, risk and capital

management, value analyses and actuarial and

quantitative modeling;

● Participate in a wide range of projects; consistently

demonstrating creative thinking and individual initiative;

● Participate in a wide range of projects; consistently

demonstrating creative thinking and individual initiative;

● Demonstrate teamwork dynamics through working as a

team member;

● Identify and address client needs; and,

● Demonstrate flexibility in prioritizing and completing

tasks while exercising professional scepticism.

● Demonstrate ability to research and analyse pertinent

client, industry, and technical matters;

● Experience demonstrating strong problem-solving skills

and the ability to prioritize and manage multiple tasks;

● Ability to interact with various levels of client and firm

management through both written and verbal

communications; and,

● Ability to self-motivate and take responsibility for

personal growth and development.

● 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 28, 2025