Assurance-Risk Modeling Services-P&C Technical-Associate

Industry/Sector

Not Applicable

Specialism

Assurance

Management Level

Associate

Job Description & Summary

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.

Examples of the skills, knowledge, and experiences you need to lead and deliver value at this level include but are not limited to:

• •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.
• •Main purpose of the job and keybackground information

(Note:

• •Key responsibilities are assigned based on an evaluationof the candidate’s professional qualification, relevant experience,Excel skills, and a demonstrated working knowledge of financial analysis that impacts the business and economic environment.)
• •You will play an integral role in supporting our large P&C clients as well as a variety of cross-industry clients in a variety of ways which includes the following but are not limited to:
• •Building and maintaining product rating plans within a proprietary rating configuration tool, including configuring factors, reviewing tables, and validating logic for production readiness.
• •Supporting product refresh and model-building efforts across personal lines (home, auto, motorcycle, boat).
• •Contributing to reserving-related workstreams such as data preparation, reserve roll-forward analyses, adequacy checks, and support for quarterly or annual reserve reviews.
• •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. Also, performing 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. Specific responsibilities include but are not limited to:
• •Participating in a wide range of insurance product and pricing projects, collaborating across multiple teams and workstreams (onshore and offshore), and delivering high-quality outputs on time.
• •Using the internal rating tool to build, update, and validate rating plan components, ensuring accuracy, consistency, and compliance with project standards.
• •Demonstrating strong insurance business analysis skills, attention to detail, and the ability to understand rating structures, factor tables, and end-to-end pricing logic.
• •Contributing to a positive team culture by understanding team roles, building strong working relationships, and demonstrating initiative, creative problem solving, and teamwork dynamics.
• •Identifying opportunities for workflow improvement and supporting change-order activities when additional workstreams or enhancements are required.
• •Ensuring deliverables meet quality benchmarks and preparing analyses, documentation, and reports for internal and client stakeholders.
• •A career in this practice will provide you the opportunity to help organizations by providing core actuarial and insurance services. You will have the opportunity to specialize in some of the following:
• •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; and,
• •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; and,
• •Ability to self-motivate and take responsibility for personal growth and development.

Requirements

These should include essential & desirable requirements such as:

• •Level of experience
• •Education/qualifications
• •Industry experience
• •Technical capability
• •Sales/BD capability
• •Metrics
• •Key personal attributes
• •Consulting experience
• •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
• •Certification requirement may be waived if the candidate has more experience in the relevant field
• •Work Experience ranges as below
• •Associate – 0 to 1years 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
• •P&C Indian Insurance/big4 reserving/capital experience
• •Exam cleared
• •Cm2 or SP7 (or have good knowledge) - 1-2 years work experience in the P&C domain (Pricing preferable)
• •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.

Travel Requirements

Job Posting End Date