Intern / Trainee

Job Description

About PwC Risk Modeling Services

PwC’s Risk Modeling Services practice provides general insurance advice and consulting services to a diverse clientele, including insurers, banks, regulators, and third-party administrators. The team specializes in assisting clients with various aspects of risk management, including:

• Solvency: Assessing financial stability and ensuring compliance with regulatory requirements.
• Economic Capital: Determining the capital needed to cover potential risks.
• Risk Management: Implementing strategies and controls to mitigate risks.
• Mergers and Acquisitions: Providing financial and risk due diligence during M&A transactions.
• Company Restructuring: Guiding clients through restructuring processes and identifying potential risks.
• Risk Control: Developing and implementing robust risk control frameworks.
• Financial Modeling: Creating financial models to forecast financial performance and assess risk exposure.
• Underwriting: Analyzing and evaluating underwriting policies and practices.
• New Legislation: Advising clients on the impact of new legislation and regulatory changes.
• Efficiency of Claims and Reporting Processes: Optimizing claims processes and improving reporting efficiency.

The team also plays a key role in helping clients navigate the ever-evolving financial reporting landscape. They assess the financial and business impact of regulations, develop implementation plans, and ensure compliance with relevant requirements.

PwC Professional:

PwC recognizes the importance of leadership development. The PwC Professional framework provides a global roadmap for employee growth and development, defining expectations and skills needed for career advancement.

Job Description: Intern / Trainee

This entry-level role provides aspiring actuaries and risk professionals the opportunity to gain practical experience in PwC’s Risk Modeling Services practice. As an Intern / Trainee, you will work as part of a team to solve complex business problems.

Key Responsibilities:

• Support select projects, demonstrating creative thinking and individual initiative.
• Build impactful relationships with team members, fostering a collaborative environment.
• Proactively seek guidance and feedback from experienced professionals.
• Demonstrate flexibility in prioritizing and completing tasks, while exercising professional skepticism.

Specific Skills and Responsibilities:

• Be Curious and Try New Things: Explore new ideas and approaches to problem-solving.
• Learn About PwC: Understand PwC’s business model and value proposition for clients.
• Think Broadly: Analyze data, facts, and information from diverse perspectives.
• Support Research and Analysis: Utilize a variety of tools and techniques to support research and problem-solving.
• Produce High-Quality Work: Ensure work adheres to relevant professional standards and best practices.
• Stay Updated: Maintain knowledge of technical developments in the field.
• Handle and Analyze Data Responsibly: Manipulate and interpret data ethically and effectively.
• Communicate Clearly: Communicate effectively in writing and verbally, presenting ideas concisely and articulately.
• Embrace Diversity of Thought: Welcome and engage with different perspectives and ideas.
• Uphold Ethical Standards: Adhere to PwC’s code of ethics and business conduct.

Ideal Candidate Profile:

• Minimum Requirements: Bachelor’s Degree in Accounting, Actuarial Science, Economics, Finance, Mathematics, or Statistics. Other quantitative fields of study may be considered.
• Preferred Qualifications: A strong academic record (GPA 3.3 or higher).
• Experience: Entry-level position typically suitable for students in their 3rd year of a 4-year program or 4th year of a 5-year program.
• Certifications: Demonstrated interest in pursuing the Associateship of the Society of Actuaries (ASA) or Associateship of the Casualty Actuarial Society (ACAS).
• Skills: Basic understanding of actuarial science, applied statistics, risk and capital management, value analyses, and financial reporting standards. Demonstrates strong problem-solving skills and the ability to prioritize and manage multiple tasks. Excellent written and verbal communication skills, enabling effective interaction with clients and firm management.
• Personal Attributes: Self-motivated, proactive, and committed to continuous professional development.

Learn More:

• PwC How We Work: https://pwc.to/how-we-work
• PwC H-1B Lottery Policy: https://pwc.to/H-1B-Lottery-Policy
• PwC Benefits at a Glance: https://pwc.to/benefits-at-a-glance