Associate - Non-Life Actuarial Consultant

Job Description & Summary: 

The Team (FST)  

Financial Services & Treasury is part of the wider PwC Advisory services in India and comprises subject matter experts with deep industry experience and from varied backgrounds including banking, insurance, risk management, treasury, rating analyst, information technology, and actuarial consulting.  

The actuarial services capability of FST works on product development, pricing of insurance products, statutory / shareholder valuation, accounting as per IGAAP / IFRS 17, risk management and asset liability management. In addition, the capability helps and supports clients in performing required regulatory reviews, due diligence for potential buyers/sellers, managing their insurance liability requirements, transitioning to new regulatory and market requirements and offering new products to their customers. 

The Role  

The role is for a non-life actuarial professional with 4-7 years of experience, and prior experience with IFRS 17. 

You will be providing high-quality consulting and technical services to our clients both in India and overseas. Focusing on non-life insurance, you will work on actuarial consulting projects across multiple streams such as IFRS 17 implementation & assurance, audit reviews, M&A due diligence, staff augmentation etc.  

The role offers the opportunity to be a part of a fast-paced, growing consulting team focused on solving challenging problems through collaboration and team effort. 

Responsibilities: 

I. Qualification  

Required: 2 to 4+ years of actuarial experience 

Required: Prior experience with IFRS 17 / Ind AS 117 

Required: At least 3 years of non-life or life insurance experience 

Prior experience with non-life insurance preferred. 

Preferably at least 4 actuarial papers passed from IAI / IFoA as per the new curriculum 

II. EXPERTISE   

Expertise in IFRS 17 and preferably other aspects of actuarial work 

Thorough understanding of non-life insurance products and Indian statutory requirements preferred 

Excellent knowledge of Excel 

Working knowledge of Python and / or VBA preferred 

III. INDIVIDUAL ATTRIBUTES  

Strong communication and presentation skills 

Strong analytical and problem-solving skills 

Ability to interact with senior stakeholders 

Works effectively in a team-oriented environment 

Shows flexibility and adaptability in a fast-paced and constantly changing work environment. 

Committed to continuous learning and personal development 

Location is both Chennai / Mumbai 

Mandatory skill sets: 

IFRS17 / INDAS 117 
General Insurance 

Preferred skill sets: 

Valuation and Reporting 
Understanding of ResQ, and similar s/w 

Years of experience required: 

2 to 4 Years 

Education qualification: 

• Graduation and at least 4 actuarial papers passed from IAI / IFoA as per the new curriculum