Intern / Trainee

Job Description

About PwC’s 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. Our team assists clients in navigating complex financial and regulatory landscapes, offering expertise across various areas, such as:

• Solvency and Economic Capital: Assessing and managing an organization’s financial stability and risk appetite.
• Risk Management: Developing and implementing comprehensive risk management frameworks.
• Mergers and Acquisitions: Providing financial and risk-related due diligence for M&A transactions.
• Company Restructuring and Risk Control: Assisting in streamlining operations and improving risk management practices during corporate restructuring.
• Financial Modeling: Building and utilizing financial models to analyze business performance and potential outcomes.
• Underwriting: Providing expertise on pricing and risk assessment for insurance products.
• New Legislation: Evaluating the impact of new regulations on clients’ operations and assisting with implementation.
• Claims and Reporting Processes: Optimizing efficiency and accuracy of claims handling and reporting.

Examples of work:

• Analyzing the impact of new regulations on an insurance company’s balance sheet.
• Revising business projections and ensuring adequate reserves are in place.
• Helping clients comply with new financial reporting requirements by assessing the financial and business impacts of regulations, building implementation plans, and implementing relevant requirements.

PwC Professional:

PwC emphasizes purpose-driven leadership at all levels through its global leadership development framework, PwC Professional. This framework provides a clear roadmap for career progression, highlighting the skills and attributes necessary for individual success.

Intern/Trainee Role Description

As an Intern/Trainee in PwC’s Risk Modeling Services practice, you will join a team of problem solvers, contributing to the delivery of impactful solutions for clients. Your responsibilities will include:

• Supporting Select Projects: Contributing to project work under the guidance of experienced professionals, demonstrating initiative and creative thinking.
• Building Relationships: Fostering strong relationships with team members and contributing to a positive work environment.
• Seeking Guidance: Proactively seeking guidance, clarification, and feedback from mentors and colleagues.
• Prioritizing Tasks: Demonstrating flexibility and prioritizing tasks effectively while exercising professional skepticism.

Key skills and responsibilities:

• Curiosity and willingness to learn new things.
• Understanding of how PwC operates and adds value to clients.
• Ability to think critically and ask insightful questions about data, facts, and other information.
• Proficiency in using various tools and techniques for research, analysis, and problem-solving.
• Commitment to producing high-quality work that adheres to professional standards.
• Staying current with technical developments relevant to your area of specialization.
• Responsible handling and analysis of data and information.
• Effective communication skills, both verbal and written.
• Appreciation for diverse perspectives and willingness to engage with opposing viewpoints.
• Adherence to PwC’s code of ethics and business conduct.

Job Requirements and Preferences

Basic Qualifications:

• Minimum Degree Required: Bachelor’s Degree
• Required Fields of Study: Accounting, Actuarial Science, Economics, Finance, Mathematics, Statistics
• Additional Educational Requirements: Other quantitative fields of study may be considered.
• Minimum Years of Experience: 0 years

Preferred Qualifications:

• Additional Educational Preferences: Preferred cumulative GPA: 3.3; Preferred major GPA: 3.3
• Client Service Intern: Typically, candidates are in their 3rd year of a 4-year degree program or in the 4th year of a 5-year program. Internships are usually during the winter/spring or summer prior to graduation.
• Certification(s) Preferred: Demonstrated active interest in pursuing the Associateship of the Society of Actuaries (ASA) or Associateship of the Casualty Actuarial Society (ACAS).

Preferred Knowledge/Skills:

• Basic understanding of actuarial science, applied statistics, risk and capital management, value analyses, and financial reporting standards.
• Interest in pursuing a career in actuarial consulting.
• Strong creative problem-solving skills and ability to prioritize and handle multiple tasks.
• Excellent communication skills for interacting with various levels of client and firm management.
• Ability to self-motivate and take responsibility for personal growth and development.