Assurance - Actuarial Science - Life Modeling - Associate 2 - Kolkata/Bangalore/Hyderabad job in Bangalore
Bangalore PricewaterhouseCoopers
| Job Ref: | 468997WD |
| Employer: | PricewaterhouseCoopers |
| Sector: |
Actuarial Consultancy
Investment Professional/Financial Services |
| Qualifications: | Part Qualified Actuary |
| Software: |
Axis
Excel PowerBI Prophet Python SQL Tableau VBA |
| Job Type: | Full Time |
| Salary and Benefits: | Competitive |
| Remote: | No |
Location | |
| Country: | India |
| City: | Bangalore |
| Post Code: | Not specified |
| Map: | |
Description | |
|
Line of Service Assurance Industry/Sector FS X-Sector Specialism Assurance Management Level 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 an 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:
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 some proven 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 2 Actuarial Exams • Work Experience ranges as below: - Associate - 0 to 1 year for the members / associate of Actuarial Institutions - Associate 2 - 1 to 2 years for the members / associate of Actuarial Institutions • Work Experience from following organisations: - Big 4s - similar experience - Any of the 24 registered Life Insurance Companies in India like LIC, HDFC Life, ICICI Pru, etc. - Financial Consultancy / Financial Advisor Companies - Willis Towers Watson, Milliman, WNS Global Services, Numerica, Accenture - General Insurance Corporation of India (GIC) - Foreign Reinsurance Companies - Swiss Re, Munich Re, Scor SE, Hannover Re, RGA Life, XL Insurance Company SE, General Reinsurance AG, AXA France Vie, Allianz Global Corporate & Specialist SE • 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 21, 2024 | |
ref: (468997WD) 11 days ago
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