Risk Modeling Services-Life Technical- Associate

PwC Acceleration Center India; Gurugram District; On-site; INR 600,000 - 900,000; Full time

Benefits offered by this job

Professional development opportunities

Collaborative team environment

Exposure to top-tier clients

Job summary

A leading professional services firm in Gurugram is seeking an experienced actuarial professional to support clients in the insurance sector. You will be involved in auditing, consulting projects, and validating financial models. The ideal candidate will hold a relevant Bachelor's degree, have a few years of work experience, and actively pursue actuarial qualifications. This dynamic role offers opportunities to collaborate on various projects, fostering professional development in a fast-paced environment.

Qualifications

• Bachelor’s degree focused on actuarial methods or principles.
• Actively pursuing actuarial membership with at least 2 exams.
• 1 to 2 years of experience in actuarial work.

Responsibilities

• Support audits of large insurance firms.
• Conduct consulting projects in financial reporting and capital management.
• Perform model validations across reporting bases.

Skills

Analytical skills

Communication skills

Teamwork

Problem-solving

Creativity

Education

Bachelor’s in finance, economics, mathematics or statistics

Tools

Microsoft Excel

Python

SQL

Tableau

PowerBI

Job description

Overview

At PwC, our people in risk and compliance focus on maintaining regulatory compliance and managing risks for clients, providing advice, and solutions. They help organisations navigate complex regulatory landscapes and enhance their internal controls to mitigate risks effectively. In actuarial services at PwC, you will be responsible for analysing and managing financial risks for clients through statistical modelling and data analysis. Your work will generate valuable insights and recommendations to help businesses make informed decisions and mitigate potential risks.

Driven by curiosity, you are a reliable, contributing member of a team. In our fast‑paced environment, you are expected to adapt to working with a variety of clients and team members, each presenting varying challenges and scope. Every experience is an opportunity to learn and grow. You are expected to take ownership and consistently deliver quality work that drives value for our clients and success as a team. As you navigate through the Firm, you build a brand for yourself, opening doors to more opportunities.

Skills

• Apply a learning mindset and take ownership for your own development.
• Appreciate diverse perspectives, needs, and feelings of others.
• Adopt habits to sustain high performance and develop your potential.
• Actively listen, ask questions to check understanding, and clearly express ideas.
• Seek, reflect, act on, and give feedback.
• Gather information from a range of sources to analyse facts and discern patterns.
• Commit to understanding how the business works and building commercial awareness.
• Learn and apply professional and technical standards (e.g., refer to specific PwC tax and audit guidance), uphold the Firm's code of conduct and independence requirements.

Role

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, including public, private and mutual insurers, as well as insurance operations of banks and private equity firms.
• Performing a variety of consulting projects that include financial reporting, capital reporting, product pricing, and operational and organisational consulting.
• Supporting buyers and sellers in merger and acquisition activities, including analysis of underlying products and services, potential risks, and other elements that influence deal pricing.
• Performing detailed model validations of underlying reserves and other actuarially determined balances across multiple reporting and regulator bases.

Specific Responsibilities

• 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.
• Demonstrating teamwork dynamics by working as a team member: understanding personal and team roles, contributing to a positive working environment, building solid relationships, and proactively seeking guidance, clarification and feedback.
• Preparing deliverables within stringent deadlines.
• Keeping up to date with local, national and international business and economic issues.
• Contributing to the development of your own and team’s technical acumen.
• Serving as a participant in communications with numerous engagement teams.

Career Opportunities

• Providing clients advice and counsel in process improvement, risk and capital management, value analyses and actuarial and quantitative modeling.
• Participating in a wide range of projects; consistently demonstrating creative thinking and individual initiative.
• Demonstrating teamwork dynamics and flexibility in prioritising and completing tasks while exercising professional scepticism.
• Researching and analysing pertinent client, industry, and technical matters.
• Demonstrating strong problem‑solving skills and the ability to prioritise and manage multiple tasks.
• Interacting with various levels of client and firm management through written and verbal communications.
• Self‑motivation and responsibility for personal growth and development.

Requirements

• Bachelor’s in finance, economics, mathematics or statistics (B.Com, B.A. (Economics), B.Sc. with Economics/Mathematics/Statistics Hons) with focus on actuarial methods and principles.
• Actively pursuing membership or associateship of the Institute and Faculty of Actuaries, Institute of Actuaries of India or equivalent, with a minimum of 2 actuarial exams.
• Work experience: 1 to 2 years for members/associate of actuarial institutions.
• Advanced knowledge of Microsoft Office, especially Excel.

Preferred

• Data analytics skills – Python, SQL.
• Experience with visualization tools (Tableau, PowerBI, QuickSight).
• VBA programming.
• Proficient written and verbal English communication skills.
• Commitment to continuous training and proactive learning of new processes.
• Team player committed to high quality and timeliness.
• Self‑motivation and desire to take responsibility for personal growth and development.