Working as a graduate

Mumbai

Actuaries work with uncertainty. You’ll learn how to use complex financial and statistical theories to weigh up the risks and estimate the odds of what might happen.

You’ll be supporting UK teams to help clients analyse how future events could affect them. Just as important, you’ll develop a flair for presenting your findings in simple, easy‑to‑understand language and gain from early client exposure which will broaden your experience. There are two business areas – both among the leading actuarial practices in the UK: Risk Modelling Services and Workforce.

What you'll do
What we look for
Training and development
When to apply
Recruitment process hints and tips

What you'll do

Our actuaries, based in Mumbai, work with teams and clients of the UK firm across Risk Modelling Services and the Workforce Pensions team.

In Risk Modelling Services you’ll support teams in the UK, working with their clients from the insurance industry (both life and general insurance) as well as the banking sector (retail and investment). Your range of clients will be broad and may include corporate clients from non‑financial services such as energy and utility providers. We seek to provide exposure to a wide range of project situations across our tech-enabled risk modelling and advisory services, related, but not limited, to: solvency; reserving; economic capital, risk management; validation of models, including GenAI; mergers and acquisitions; ESG; company restructuring; and de-risking. In addition you may provide specialist input into a range of client audits, primarily in the insurance and banking markets.

As part of our Workforce Pensions team, you'll work with diverse clients, from large multinationals to private businesses. Your tasks may include auditing major UK companies, assisting in developing pension strategies, managing pension risks, negotiating funding schemes, designing retirement plans, and advising on mergers or acquisitions. You may also advise on reward strategy, structuring, governance, and compliance, ensuring employee rewards align with corporate strategy and support performance and retention.

What we look for

Actuarial work is highly analytical and technical as many of our clients are in regulation or finance 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, through good communication and all-round commercial awareness.

As a consultant actuary, building strong relationships with clients and teams is crucial. If you excel at and enjoy this, we encourage you to apply.

You’ll need:

At least 55% aggregate in your undergraduate degree (for students who are currently in their final year of graduation, they should be on course to satisfy this criteria).
At least 80% marks in Mathematics in Class XII (Central Board of Secondary Education (CBSE), (or equivalent).
At least 80% marks in English in Class XII (CBSE or equivalent).

For students who have taken GCE A Level examination, the eligibility criteria is:

1. Minimum Grade C in A Level mathematics or equivalent

2. A second A Level in any subject at a minimum Grade C

We value your intellect, eagerness to learn, relationship-building skills, empathy, and commitment to making a positive impact on our clients and team.

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 and studying to qualify as an Actuary with The Institute of Actuaries of India (IAI) or the Institute & Faculty of Actuaries UK (IFoA), which usually takes four to six years. You’ll start working towards this during your induction training and due to the length of training, will require you to demonstrate high levels 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 (approximately 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 your hard work.
Practical experience of working with multi-disciplinary PwC teams 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.
You’ll be given an option to study from the Institute of Actuaries of India or the Institute and Faculty of Actuaries, UK. Once you've completed the exams, you’ll be fully qualified and a Fellow of your chosen institute.

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.

Mumbai

Actuaries work with uncertainty. You’ll learn how to use complex financial and statistical theories to weigh up the risks and estimate the odds of what might happen.

What you'll do

What we look for

Training and development

When to apply

Recruitment process hints and tips

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