Actuarial Risk Modeling Services - Associate - Summer/Fall 2027

PwC South Africa; Rosemont (IL); On-site; Confidential; Full time

Benefits offered by this job

Annual discretionary bonus

Comprehensive benefits

Job summary

PwC seeks a Risk Modeling and Actuarial Services Associate within Assurance to analyze data, build models, and deliver insights for non-life insurance clients. You will work on client engagements, learn PwC methodologies, and develop technical skills while contributing to risk assessment and financial performance.

Travel up to 20% is expected. The role offers a salary range with discretionary bonus and comprehensive benefits, and a strong path for growth within a collaborative team.

Qualifications

• Pursuing or completed degree in actuarial science, mathematics or statistics.
• Minimum 3.0 GPA overall.
• Before starting full-time, meet educational requirements and pass actuarial exams.
• Entry-level role; expected to be in final academic year or recent graduate.

Responsibilities

• Apply actuarial science to assess risk and optimize financial performance.
• Conduct complex data analysis to extract insights and identify trends.
• Implement financial modeling techniques to represent real-world financial situations.
• Utilize statistical modeling to develop predictive algorithms for data analysis.
• Engage in risk model implementation to create and validate risk-prediction models.
• Collaborate with teams to support client engagements and projects.
• Demonstrate intellectual curiosity to acquire general knowledge and enhance skills.
• Participate in strategic forecasting to anticipate market developments and resource needs.
• Support the delivery of independent assessments to uphold transparency and compliance.
• Contribute to the development of financial stability and growth strategies for clients.

Skills

Actuarial science

Data analysis

Statistical modeling

Financial modeling

Client service

Education

Bachelor's degree in Actuarial Science/Math/Statistics

GPA 3.0 or higher

Actuarial exams in progress or completed

Final year student / recent graduate

Job description

Industry/Sector 82200 Life Insurance Specialism Actuarial Services Management Level Associate Job Description & Summary

The Opportunity As a Risk Modeling and Actuarial Services Associate, you will engage in providing insights and analysis to help businesses manage risk, optimize financial performance, and make informed decisions, driving financial stability and growth. Within our Assurance practice, you will be part of a team that enhances trust and confidence in financial and non-financial information. This role involves working closely with clients in the non-life insurance sector, offering them the analytical support they need to navigate complex financial landscapes. As an Associate, you will focus on learning and contributing to client engagements while developing your skills and knowledge to deliver quality work. You will be exposed to clients to learn how to build meaningful connections, manage and inspire others, and grow your personal brand by deepening your technical knowledge of firm services and technology resources. In this role at PwC, you will participate in project tasks, engage in research, and develop basic skills and knowledge. You will also be expected to anticipate the needs of your teams and clients, embracing challenges as opportunities for growth.

Responsibilities

• Applying actuarial science to assess risk and optimize financial performance
• Conducting complex data analysis to extract meaningful insights and identify trends
• Implementing financial modeling techniques to represent real-world financial situations
• Utilizing statistical modeling to develop predictive algorithms for data analysis
• Engaging in risk model implementation to create and validate risk-prediction models
• Collaborating with teams to support client engagements and projects
• Demonstrating intellectual curiosity to acquire general knowledge and enhance skills
• Participating in strategic forecasting to anticipate market developments and resource needs
• Supporting the delivery of independent assessments to uphold transparency and compliance
• Contributing to the development of financial stability and growth strategies for clients

What You Must Have

• Currently pursuing or have completed a Bachelor's degree in one of the following fields of study: Actuarial Science, Mathematics,Statistics
• At least a 3.0 overall GPA
• Before starting full-time at PwC, meet the educational requirements and demonstrate a commitment to undertaking and passing actuarial exams
• Client service associate positions are entry-level roles and job seekers have completed or are in the process of completing their final academic year of educational requirements

What Sets You Apart

• Preference for a 3.5 overall GPA
• Leveraging AI to create efficiencies, innovate ways of working and deliver distinctive outcomes
• Demonstrating proficiency in actuarial science and statistical modeling
• Utilizing complex data analysis to drive insights and decision-making
• Excelling in financial modeling for non-life insurance sectors
• Engaging in teamwork and client support to enhance project outcomes
• Cultivating intellectual curiosity to explore innovative solutions

Travel Requirements: Up to 20% travel

Job Posting End Date: September 26, 2026

The salary range for this position is: $53,500 - $104,000. Actual compensation within the range will be dependent upon the individual's skills, experience, qualifications and location, and applicable employment laws. All hired individuals are eligible for an annual discretionary bonus. PwC offers a wide range of benefits, including medical, dental, vision, 401k, holiday pay, vacation, personal and family sick leave, and more. To view our benefits at a glance, please visit the following link: https://pwc.to/benefits-at-a-glance

As PwC is an equal opportunity employer, all qualified applicants will receive consideration for employment at PwC without regard to race; color; religion; national origin; sex (including pregnancy, sexual orientation, and gender identity); age; disability; genetic information (including family medical history); veteran, marital, or citizenship status; or, any other status protected by law. PwC does not intend to hire experienced or entry level job seekers who will need, now or in the future, PwC sponsorship through the H-1B lottery, except as set forth within the following policy: https://pwc.to/H-1B-Lottery-Policy.

Learn more about how we work: https://pwc.to/how-we-work For only those qualified applicants that are impacted by the Los Angeles County Fair Chance Ordinance for Employers, the Los Angeles' Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, San Diego County Fair Chance Ordinance, and the California Fair Chance Act, where applicable, arrest or conviction records will be considered for Employment in accordance with these laws. At PwC, we recognize that conviction records may have a direct, adverse, and negative relationship to responsibilities such as accessing sensitive company or customer information, handling proprietary assets, or collaborating closely with team members. We evaluate these factors thoughtfully to establish a secure and trusted workplace for all.

To view other PwC job opportunities, visit pwc.com/careers.