PwC Actuarial Services India Graduate Recruitment Actuarial Services India... · • Written numerical & logical reasoning tests, Written exercise, Group assessment, First competency

PwC Actuarial ServicesIndiaGraduate Recruitment

Vacancy Description

2016-17

www.pwc.com/uk/work-in-mumbai

PwC

What Actuarial Consultants do

• Help clients analyse how future events couldaffect them

• Analyse the past, model the future• Assess the risks involved

MakeFinancialSense of theFuture

• Encourage decision making with aclearer view of the likely range of financialoutcomes

Enable MoreInformedDecisions

• Balance their role in business managementwith responsibility for safeguarding financialinterests of all stakeholders

Balance theInterests of AllStakeholders

2August 2016Actuarial Services India Graduate Recruitment

PwC

Road to qualifying as an Actuary

• Become a member of the actuarial institute

• 15 Exams: technical & practical exams

• 3-6 years to qualify- Requires regular self study

Exams

• Work on a variety of life and non-life insuranceprojects while simultaneously taking exams

• Decide on which area to specialise in for laterexams

WorkExperience

• Continuous professional development

• Take on more responsibility in seniorleadership roles at PwC

PostQualification


PwC

Actuarial ExamsCore

Technical

• FinancialMathematics

• Finance andFinancial Reporting

• Probability &MathematicalStatistics

• Insurance Models

• General Insurance,Life and HealthContingencies

• Statistical Methods

• Business Economics

• Financial Economics

CoreApplication

• Actuarial RiskManagement

• ModelDocumentationAnalysis &Reporting

• Communication

SpecialistTechnical

• Health Insurance

• Life Insurance

• Pensions &Employee Benefits

• Finance &Investment

• General InsuranceReserving andCapital Modelling

• General InsurancePricing

• Enterprise RiskManagement

SpecialistApplication

• Health Insurance

• Life Insurance

• General Insurance

• Pensions &Employee Benefits

• Finance

• Investment


PwC

PwC Actuarial ServicesActuarial Services operates within three distinct fields of work. You will find opportunities todevelop and improve your skills in the below mentioned areas and ready yourself for biggerroles on similar projects as you grow with the firm.

ActuarialServices

LifeInsurance

WiderFields General

Insurance

The Wider Fields opportunityoffers a wide range of projectsacross a variety of clientsincluding banking, healthcareand non-financial servicescompanies.

A majority of the work we do isactuarial analyses for some ofthe world’s largest life andgeneral insurance companies.


PwC

Areas of work you’ll be involved in

RiskManagement

Reserving

Guidance onMergers &

Acquisitions

Underwriting& Claimsprocesses

Businessrestructuring

Dataanalytics

AssetLiability

Management

OurServices

Advice onSolvency &

Capital

Financial &Regulatoryreporting


PwC

Clients you’ll be working with

OurClients


PwC

PwC’s Graduate ProgrammeAs part of the graduate programme you'll undertake a self-directed learning programmeinvolving; studying for a professional qualification, gaining knowledge of the industry andmarket, self-development, self-awareness and leadership skills development.

Self-development

PwCGraduate

Programme

1

5

4

2

3

Studying for aprofessionalqualification

Personaldevelopment andself-awareness

Challengingclient

engagements

Leadershipskills

development

Gainingindustry &marketknowledge


PwC

What we offer you

Career Progression• Opportunity to grow and develop your

technical & personal skills• People Manager will be responsible for your

performance, personal wellbeing & coaching01

Study SupportPwC will provide:• Exam support - reimbursement of exam fees• Study leaves for each exam• Rewards and Increments for passing exams

02

Induction & Training ProgramExtensive graduate induction programintroducing you to insurance reserving concepts,the global insurance industry, statistical software,and soft skills training.

03


PwC

SOFTSKILLS

Skills that you’ll develop

ProjectManagement

TeamworkTime

Management

Communication

Businessacumen

Leadership

SOFTSKILLS

Cash flowmodelling

Data AnalysisProblemsolving

Strategicthinking

StatisticalAnalysis

IndustryKnowledge

TECHNICALSKILLS

You'll learn and develop the specialist skills our clients look for and value most. This includesstudying towards a professional qualification, with support from us all the way. After you'vequalified, you'll have the option to look for new challenges, perhaps in others areas of the firmto deepen your knowledge, or you could choose to stay put - whichever suits you best. It's yourchoice.


PwC

Important Details

• Depending on which instituteyou choose, you will study witheither the Institute of Actuariesof India (IAI) or the Institute &Faculty of Actuaries UK (IFoA).

• Once you've completed theexams, you will be fullyqualified and a Fellow of yourchosen institute.

• We aim to recruit brightstudents from all UG andPG degree backgrounds(i.e. BA, BSc, MA, MSc,Commerce, Engineering,Computer Science,Management, Statistics, etc.)who are keen to pursue anactuarial career.

• Please note that we arelooking for students who areinterested in pursuing acareer in actuarial consultingand not just for candidateswho have passed actuarialexams.• We are strict about our

academic requirements whichcannot be relaxed. Applicantsthat fail to meet all threecriteria will not progress pastthe online application stage.

• We do not accept resumes/CVsdirectly and the initialapplication process is entirelyonline (see the last page for theapplication link).

The entry criteria for thisposition are as follows:

• 90% marks in Mathematicsin both classes X and XII(CBSE or equivalent),

• 80% marks in English inclass XII (CBSE orequivalent), and

• At least 55% aggregate inyour undergraduate degree.

• Successful candidates will join thepractice in August 2017 and will bebased in our Mumbai office.

• They should thus have at least anundergraduate degree by August 2017.


PwC

Selection Process

Online Application

Online Tests

Assessment Day

Final Interview

Offer

On-boarding

• Personal details, Education qualifications, Essay questions• Deadline: 20 September 2016

• Online numerical & verbal reasoning tests• Deadline: 23 September 2016

• Written numerical & logical reasoning tests, Written exercise,Group assessment, First competency interview

• Final competency interview (at PwC Mumbai office)

• Successful candidates will join our practice based in Mumbai inAugust 2017.

• Salary information will be disclosed to successful candidateswhen offers are made.


PwC

Online Tests• Practise numerical and

verbal reasoning testsbefore sitting for the PwCtests.

• Before sitting for the finalPwC reasoning tests youwill be able to take one PwCmock test as part of youronline application.

Interviews• Both the first and final

interviews are entirelycompetency based and notechnical questions will beasked.

• We want to know whereyou’ve demonstratedleadership skills, worked inteams, and have managedto deliver work underpressure so ensure youhave enough examples ofthis from prioremployment or from yourtime at university.

Online Application• We spend considerable time assessing every applicant’s essay answers so we suggest

conducting research and devoting time to this part of the application, ensuring that youanswer everything asked in the question.

• Applicants with similarly worded essays will automatically be rejected by the system.

Assessment Day• This will consist of tests, case studies and a first interview. No

prior technical knowledge is required for the Assessment Day.

Application Tips


PwC

Apply Online

You can apply for the role through the following URL:

• http://www.pwc.co.uk/careers/student/graduateopportunitiesglobal/mumbai.html

You can find out more about the actuarial profession at:

• www.actuaries.org.uk

• www.actuariesindia.org

For any queries please send an email to:

• [email protected]


Documents

PwC Actuarial Services India Graduate Recruitment Actuarial Services India... · • Written numerical & logical reasoning tests, Written exercise, Group assessment, First competency