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    Assurance - Actuarial Science - Life Modelling - Senior Associate - Bangalore/Kolkata/Hyderabad - PricewaterhouseCoopers

    PricewaterhouseCoopers
    PricewaterhouseCoopers Bangalore, India

    1 week ago

    Default job background
    Full time
    Description
    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.
    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 proven thorough 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
    4 Actuarial Exams
    - Certification requirement may be waived if the
    candidate has more experience in the relevant field

    • Work Experience ranges as below:
    - Senior Associate - 2 to 3 years for the members /
    associate of Actuarial Institutions
    - Senior Associate 2 - 3 to 5 years for the members /
    associate of Actuarial Institutions

    • 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
    May 5, 2024


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