Risk & Capital – Senior Associate II

General Insurance Actuary - Risk & Capital – Senior Associate
Role details
Position/job title
Risk & Capital Actuary / Consultant
Location
Mumbai
Specialism
Risk & Capital Actuarial
Industry
General Insurance Industry
Type
Permanent – Full-time
Grade details
Senior Associate
Job Description
About the role:
PricewaterhouseCoopers are seeking to expand their Mumbai General Insurance Actuarial & Insurance Management Solutions (AIMS) practice, by recruiting a Senior Associate.
The AIMS team consists of over 120 actuaries and actuarial trainees, approximately 30 of whom are qualified. The team works in a friendly, positive and vibrant atmosphere, where people are encouraged and supported to take responsibility and develop throughout their career progression.
The PWC AIMS team is part of the PwC UK Actuarial practice which comprises over 600 actuaries including 25 partners. With offices in London, Edinburgh, Manchester, Bristol, Mumbai and New Delhi, our consultants focus on general insurance, life, banking and non-insurance areas. We play the leading role in the 1000+ strong actuarial community in PwC worldwide and often work with specialists from other disciplines within PwC.
A career within the General Insurance Actuarial team will provide you with the opportunity to contribute general insurance advice and consulting services to clients such as insurers, regulators, private equity, and related companies such as agents and administrators.
Our practice is market leading in the General Insurance space – offering unparalleled access to solving some of the biggest challenges in the general insurance industry today for a vast array of clients – large multi-national composites, Lloyd’s & London Market, UK & European Personal & Commercial, and Reinsurance Market including many of the well known brands, from global reinsurers to niche players.
Expectations:
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Apply actuarial skills and experience to a variety of assignments, maintaining the highest quality of professional advice at all times in order to maintain and enhance the firm's standing and market reputation.
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Successfully manage and deliver a wide range of concurrent actuarial and multidisciplinary assignments, including acting as one of the client’s main points of day-to-day contact on assignments. Develop standard practices and methodologies for delivery of assignments.
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Effectively manage staff, in order to ensure the highest quality and timely delivery of assignments.
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Develop new and existing client relationships, in order to understand client needs and generate further work opportunities.
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Lead or contribute to the development and distribution of information or training programmes that enhance the department’s understanding of key issues. In particular ensure that our capabilities in general insurance stay at the forefront of industry developments and support our project delivery capabilities.
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Actively raise personal profile internally and externally, and at the same time enhance the Firm’s reputation.
Requirements:
The successful candidate will:
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Have 3-6 years of experience working in the general insurance market, either within a company or a consultancy in India and/or from successfully delivering significant projects overseas, for example with the UK
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Have a good understanding of a broad range of commonly used capital modelling, risk management techniques and broader commercial awareness of the key issues faced by the market and an ability to communicate complex, technical issues to senior management in a simple and concise way is essential. Additionally, experience across our wider offering would be viewed favourably (Reserving, Audits, Pricing, Deals, Transformation;) as would a focus on new and emerging areas (e.g. Cyber, Climate, ESG).
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Experience in risk and capital modelling (for example, model development and implementation, and model validation), and a strong understanding of insurance risks and their dependencies or have a strong desire to develop such a focus. Experience with Solvency II internal models, risk management, capital modelling software packages (e.g. as Igloo, ReMetrica, Tyche), and managing regulatory relationships would be advantageous.
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Be able to work well as part of a team and who are responsible, agile, clear-thinking and self-motivated
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Have the potential to develop strong people management, client handling and development skills, including interpersonal sensitivity and influencing skills.
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Be commercial, with the ability and experience of working within a broader insurance environment, and with vision as to developments at our clients and opportunities for consulting business.
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Be strongly committed to both personal and corporate success.
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Be self-motivated, in particular taking responsibility for personal development in technical and broader consulting skills.