Using complex financial and statistical theories to calculate the likelihood of events – anything from a natural disaster to a wholesale IT system failure – you’ll work out what that means financially for clients.

It's highly technical work which is made all the more challenging by the fact that you’ll have to present your complex findings in simple, easy to understand ways.

From our Mumbai office, you’ll advise clients on a host of institutions. Your advice could cover solvency, reserving, economic capital, risk management, mergers & acquisitions, company restructuring and de-risking, financial modelling, underwriting, new legislation, the viability of new products and the efficiency of claims or reporting processes.

What we do
You might help analyse the impact that capital requirements have on an insurance company’s balance sheet or you could be revising businesses’ projections and making sure they have adequate reserves. Whatever the project, you’ll make the most of your analytical skills to deliver real commercial insights. Insights that will help our clients prepare for issues you might see regularly on the news.

You’ll have the opportunity of working on projects in the life and non-life insurance markets, while also applying actuarial techniques to issues in non-traditional areas such as banking and outside financial services.

While adding real value to these businesses, you will be adding significant value to your careers here at PwC. You will be given a choice to train with either the Institute of Actuaries of India (IAI) or the Institute & Faculty of Actuaries UK (IFoA). Moreover, if you’re looking for financial support for your studies plus some expert extra tutoring from your qualified colleagues, you’ve got it. On average it takes from four to six years to become a fully qualified actuary.
What we look for
Actuarial work is highly analytical and technical as many of our clients are in regulation, finance or on the board, and the terminology we use isn't something they're usually familiar with. That’s why we need people who can explain complex subjects to non-actuaries in plain English - making a flair for communication and good all-round commercial awareness both crucial.

Above all, you must be highly numerate as you'll be carrying out complex financial calculations and modelling work.

You'll need:
- At least 55% aggregate in a related degree discipline such as Mathematics, Statistics, Economics, Commerce and Engineering from a recognised university
- At least 90% (A1) marks in Mathematics in both Classes X and XII (CBSE or equivalent)
- At least 80% in English in Class XII (CBE or equivalent)

We’ll look out for your intellect, willingness to learn, ability to build relationships, to put yourself in others’ shoes, while always making a positive impact with our clients and each other.
What you'll do
You’ll mainly work with clients from the insurance industry (both life and general insurance), along with those in retail and investment banking and non-financial services companies.

Get more from life
Life insurance covers a range of long-term (some policies last 50 years or more) financial and protection products. Working with companies, you’ll assess the risks to these products and to the companies themselves, helping them understand and quantify these risks which could be economic, demographic or to do with policyholder behaviour. You might need to build, run, understand and interpret the output from complex mathematical models. Or you could be required to investigate and implement new ideas to manage these risks that might involve derivatives or other complex financial instruments. Thanks to the range of products and risks, there’s a wide variety of projects to get involved with.

From homes to hurricanes
Non-life looks at other areas of insurance.Some of the regular insurance products within non-life are vehicle and home insurance however, you could also work on far-reaching events like global warming. Its potential effects – more hurricanes and floods for instance – raise a huge question mark for insurers. The more accurate your calculations, the better you’ll be able to help businesses and individuals plan strategically.

Outside the norm
If you want to stretch the traditional boundaries of actuarial work, there are growing opportunities in our team dedicated to non-insurance clients. Here you’ll get exposure to an array of projects from the world of retail and investment banking, non-financial services companies such as energy and utilities, to healthcare and the public sector.
Training and development
Your training combines on-the-job coaching and formal courses with study for professional qualifications.

During your first few years, you'll divide your time between working in the office, visiting clients and studying to qualify as an Actuary with The Institute of Actuaries of India, which usually takes four to six years. You’ll start working towards this during your induction training and it's a hefty commitment, calling for a great deal of self-discipline and motivation.

You’ll benefit from:
- A structured induction programme that helps you pick up basic but vital technical and business skills and helps you settle in quickly and meet new colleagues
- Study leave (about one day a week) and the provision of study materials; plus your own study mentor, someone whose first-hand knowledge of the exams will prove invaluable
- A pay rise each time you pass an exam to reward you for all your hard work
- Practical experience of working with multi-disciplinary PwC practices such as tax, business recovery or deal experts on a wide range of client projects. This will help you develop analytical, technical, communication, project management and networking skills while building your business awareness and industry knowledge.

Ultimately, however, your development depends on you. At every stage of your career, including coming up to qualification, we'll encourage you to identify your own development needs and choose the right training to meet them.
When to apply
  • The deadline for applications is 31 October 2018

  • The deadline for online assessments is 1 November 2018

  • The deadline for video interview is 13 November 2018

  • Assessment centre will be held between 17 - 21 December 2018