Risk Modeling Services- P&C Technical- Associate

PwC Acceleration Center India; Bengaluru; On-site; INR 500,000 - 700,000; Full time

Job summary

A leading professional services firm is seeking an Associate in Risk Modeling Services to analyze financial risks and provide consulting to major insurers. Responsibilities include handling audits, consulting projects, and developing risk management strategies. Candidates should have a Bachelor’s degree with a focus on actuarial principles, along with relevant work experience and strong analytical skills. This is a full-time entry-level position based in Bengaluru, India.

Qualifications

• Bachelor’s degree with focus on Actuarial Methods and Principles.
• Minimum of 2 Actuarial Exams pursued.
• 1 to 2 years of relevant work experience.

Responsibilities

• Participate in audits for various insurers.
• Conduct consulting projects including financial and operational.
• Help design and value warrant programs.

Skills

Critical thinking

Data analysis

Problem-solving

Effective communication

Education

Bachelor's in Finance/Economics/Mathematics/Statistics

Tools

Microsoft Excel

Python

SQL

Tableau

Job description

Join to apply for the Risk Modeling Services- P&C Technical- Associate role at PwC Acceleration Center India

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. Focused on relationships, you are building meaningful client connections, and learning how to manage and inspire others. Navigating increasingly complex situations, you are growing your personal brand, deepening technical expertise and awareness of your strengths. You are expected to anticipate the needs of your teams and clients, and to deliver quality. Embracing increased ambiguity, you are comfortable when the path forward isn’t clear, you ask questions, and you use these moments as opportunities to grow.

Skills

• Respond effectively to the diverse perspectives, needs, and feelings of others.
• Use a broad range of tools, methodologies and techniques to generate new ideas and solve problems.
• Use critical thinking to break down complex concepts.
• Understand the broader objectives of your project or role and how your work fits into the overall strategy.
• Develop a deeper understanding of the business context and how it is changing.
• Use reflection to develop self awareness, enhance strengths and address development areas.
• Interpret data to inform insights and recommendations.
• Uphold and reinforce professional and technical standards (e.g. refer to specific PwC tax and audit guidance), the Firm's code of conduct, and independence requirements.

Role

• Supporting the audits of several of the largest insurers in the world. This includes public, private and mutual insurers. It also includes dozens of large firms across multiple industries.
• Performing a variety of consulting projects that include financial reporting, capital reporting, product pricing. We also perform operational and organizational consulting for our clients.
• Supporting 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.
• Help them design, develop and value warrant programs across multiple industries.

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.
• 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.

Career Path

• Participating in providing clients advice and counsel in the areas of 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 through working as a team member.
• Identifying and addressing client needs.
• Demonstrating flexibility in prioritizing and completing tasks while exercising professional scepticism.
• Demonstrating 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.
• Ability to self-motivate and take responsibility for personal growth and development.

Requirements

• 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 Principles.
• 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. Certification requirement may be waived if the candidate has more experience in the relevant field.
• Work Experience: 1 to 2 years for the members / associate of Actuarial Institutions.
• Advance knowledge on Microsoft Office especially Excel.
• 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.

Seniority level

Entry Level

Employment type

Full-time

Job function

Other

Industries

Professional Services

Referrals increase your chances of interviewing at PwC Acceleration Center India by 2x.