Intern / Trainee
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Job Description
About PwC’s Risk Modeling Services Practice
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 offering expert guidance on a wide range of crucial areas, including:
• Solvency and Economic Capital: Analyzing and managing financial risks to ensure the long-term stability of insurance companies.
• Risk Management: Developing and implementing comprehensive risk management strategies for clients across various industries.
• Mergers and Acquisitions: Providing financial and strategic guidance for mergers and acquisitions within the insurance sector.
• Company Restructuring and Risk Control: Assisting clients with restructuring operations and improving risk control measures.
• Financial Modeling: Creating sophisticated financial models to assess business performance, predict future outcomes, and support strategic decision-making.
• Underwriting: Advising on underwriting processes, risk assessment, and pricing strategies.
• New Legislation: Analyzing and navigating the impact of new regulations on insurance companies’ operations and financial reporting.
• Claims and Reporting Process Efficiency: Optimizing claims processing and reporting systems for enhanced efficiency and effectiveness.
The team also plays a crucial role in helping clients navigate new financial reporting requirements by:
• Assessing the financial and business impacts of regulations.
• Developing detailed implementation plans.
• Implementing necessary changes to ensure compliance with new regulations.
Job Description: Intern / Trainee in Risk Modeling Services
As an intern/trainee in PwC’s Risk Modeling Services practice, you will join a team of problem solvers dedicated to addressing complex business issues. You will contribute to projects from strategy development to execution, gaining valuable experience in the industry.
Your responsibilities will include:
• Supporting select projects: Demonstrate creative thinking, individual initiative, and teamwork while contributing to impactful projects.
• Building relationships: Developing strong relationships with team members and fostering collaboration.
• Proactively seeking guidance: Seeking guidance, clarification, and feedback from experienced professionals.
• Prioritizing tasks: Demonstrating flexibility in prioritizing and completing assigned tasks while maintaining a professional and skeptical approach.
Key Skills and Qualifications:
• Minimum Requirements: Bachelor’s degree in Accounting, Actuarial Science, Economics, Finance, Mathematics, or Statistics.
• Preferred Qualifications:
• Cumulative GPA of 3.3 or higher.
• Demonstrated interest in pursuing the Associateship of the Society of Actuaries (ASA) or Associateship of the Casualty Actuarial Society (ACAS).
• Desired Knowledge and Skills:
• Basic understanding of actuarial science, applied statistics, risk and capital management, value analysis, and financial reporting standards.
• Passion for a career in actuarial consulting.
• Strong creative problem-solving abilities.
• Excellent time management and organizational skills.
• Effective communication skills, both written and verbal.
• Ability to work independently and take initiative for personal growth and development.
Client Service Intern Positions:
• Client service intern positions are entry-level opportunities for individuals typically in their third year of a four-year degree program or their fourth year of a five-year program.
• Interns typically join during the winter/spring or summer semesters preceding their intended graduation year.
Compensation and Benefits:
• The salary range for this position is $30.75 – $40.75 per hour, depending on experience and qualifications.
• PwC offers a comprehensive benefits package, including medical, dental, vision, 401(k), holiday pay, vacation, and more.
Equal Opportunity Employer:
PwC is an equal opportunity employer and values diversity at all levels. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, national origin, sex, age, disability, sexual orientation, gender identity or expression, genetic predisposition or carrier status, veteran, marital, or citizenship status, or any other status protected by law.
