Assurance - Actuarial Science - Senior Associate - Kolkata/Bangalore/Hyderabad

PwC Acceleration Center India; Bengaluru; On-site; INR 800,000 - 1,200,000; Full time

Job summary

A leading professional services firm is seeking a Mid-Senior level Actuarial Consultant in Bengaluru, India. You will provide general insurance advice, consulting services, and support audits while mentoring team members. Candidates should have a Bachelor's degree related to Actuarial Science and at least 2 years of experience, along with strong knowledge in actuarial theories and proficiency in key software tools. This role offers a full-time position within a dynamic team environment.

Qualifications

• 2+ years of relevant experience in actuarial services.
• Currently pursuing or possess an Associate of the Society of Actuaries (or equivalent).

Responsibilities

• Use feedback and reflection to develop personal strengths.
• Delegate tasks and coach others.
• Demonstrate critical thinking in unstructured problems.
• Assist with actuarial valuation reports.
• Provide audit support to PwC teams.
• Train and mentor Associates.

Skills

Knowledge of actuarial theories and insurance products

Proficiency in MS Excel

Proficiency in MS Word

Proficiency in MS Access

Proficiency in MS PowerPoint

Proficient in Moody's Analytics AXIS

Experience with Moody’s Analytics RiskIntegrity for IFRS 17

Working experience of programming languages (VBA, SQL, C++, Python, R)

Statistical programming skills

Education

Bachelor's degree in Actuarial Science, Statistics, Mathematical Statistics, Applied Mathematics, Mathematics, Economics

Job description

A career within Actuarial Services offers you 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.

Responsibilities

• 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.

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 - Bachelor's 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

Location

Hyderabad, Telangana, India

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance and Sales

Industries

Professional Services