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You’ll 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

In Risk Modelling Services you’ll work with clients from the insurance industry (both life and general insurance) as well as the banking sector (retail and investment). You’ll be based in Mumbai whilst supporting UK teams and clients. Further, you’ll also be supporting our clients within the healthcare sector, the public sector, as well as corporate clients from the non‑financial services sector like energy and utility providers. Your advice could cover solvency, reserving, economic capital, risk management, mergers and acquisitions, company restructuring and de‑risking, financial modelling, underwriting, new legislation, the viability of new products and the efficiency of claims or reporting processes.These would be closely integrated with client audit and reserving support.

As part of our pensions team you’ll work with a wide variety of clients from large multinationals to privately listed businesses. Your work could involve auditing some of the largest companies in the UK at a time when pensions are one of their biggest risks. It may also involve assisting clients develop and implement their pension strategy or benefit schemes, consult on how they should manage both liability and asset risks within their pension plans, negotiate with trustees on how to fund schemes, design plans to help employees save for retirement and advise on potential mergers or acquisitions.
You could also find yourself advising a wide range of UK national and global clients on all aspects of reward strategy, reward structuring, governance, and compliance. You’ll be helping clients ensure that the way their employees are rewarded is aligned to corporate strategy, is cost effective and best supports employee 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.

Above all, you must be highly numerate as you'll be carrying out complex financial calculations and modelling work.

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 (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:

Minimum Grade C in A Level mathematics or equivalent
A second A Level in any subject at a minimum Grade C

We’ll look out for your intellect, willingness to learn, ability to build relationships, to put yourself in others’ shoes, while always making a positive impact with our clients and each other.

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 practices such as Transaction Services, Regulatory, Risk Advisory, Corporate Finance, Business Recovery/Restructuring, Cyber, Forensics, Sustainability, Audit and Tax 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 will 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.

When to apply

The deadline for applications is 21 October 2023

The deadline for online assessments is 22 October 2023

Assessment centres will be held between 15 - 28 November 2023

Interviews will be held in 2024 - dates to be confirmed

Recruitment process hints and tips

For hints and tips, please visit our Employability Hub, a place where you’ll find useful virtual tools to support you to develop key employability skills.

We look forward to receiving your application and we wish you the best of luck.