Job Description

Line of Service AssuranceIndustry/Sector Not ApplicableSpecialism AssuranceManagement Level Senior Associate & Summary A career within Actuarial Services, will provide you with the opportunity to contribute general insurance advice and consulting services to clients such as insurers, banks, regulators, and third party administrators. You\xe2\x80\x99ll provide advice covering solvency, economic capital, risk management, mergers and acquisitions, company restructuring and risk control, financial modelling, underwriting, new legislation, and the efficiency of claims or reporting processes. Simply put, you might help analyse the impact that new regulation will have on an insurance company\xe2\x80\x99s balance sheet or you could be revising businesses\xe2\x80\x99 projections and making sure they have adequate reserves.To really stand out and make us fit for the future in a constantly changing world, each and every one of us at PwC needs to be a purpose-led and values-driven leader at every level. To help us achieve this we have the PwC Professional; our global leadership development framework. It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future.As a Senior Associate, you\'ll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. PwC Professional skills and responsibilities for this management level include but are not limited to:

• Use feedback and reflection to develop self awareness, personal strengths and address development areas.
• Delegate to others to provide stretch opportunities, coaching them to deliver results.
• Demonstrate critical thinking and the ability to bring order to unstructured problems.
• Use a broad range of tools and techniques to extract insights from current industry or sector trends.
• Review your work and that of others for quality, accuracy and relevance.
• Know how and when to use tools available for a given situation and can explain the reasons for this choice.
• Seek and embrace opportunities which give exposure to different situations, environments and perspectives.
• Use straightforward communication, in a structured way, when influencing and connecting with others.
• Able to read situations and modify behavior to build quality relationships.
• Uphold the firm\'s code of ethics and business conduct.

We are looking for a highly motivated and experienced insurance underwriting business analyst to join our team. You will play an integral role in supporting our large Property & Casualty (P&C) clients, primarily located in the United States. Additional clients may be large corporations who self-insure or who offer loyalty programs.Your primary role will be preparing insurance underwriting and pricing business requirements for conversion to modern cloud-based technology. You will meet with clients and review their existing rating and underwriting processes and rules. You will review insurance rule manuals from standards organizations such as Insurance Services Office (ISO) and National Council of Compensation Insurance (NCCI). You will apply your knowledge of insurance products and rating formulas to document the new underwriting and rating rules. The results of your work will be provided to a developer for coding into the new system. You will later be involved in quality assurance of the results, checking the calculated premiums from the new system vs. expectations and identifying and quantifying the source of any differences.In addition, you may be involved in other consulting projects that include financial reporting, capital reporting, product pricing, merger and acquisition activities, and operational and organizational consulting.Characteristics of the role include but are not limited to:Preparing deliverables within stringent deadlinesParticipating actively in team and client discussions and meetings;Keeping leadership informed of progress and issues;Consistently demonstrating creative thinking, individual initiative and timely completion of assigned work.Contribute to the development of your own and team\xe2\x80\x99stechnical acumen.Consistently demonstrating teamwork dynamics by working as a team member: understanding personal and team roles; contributing to a positive workingenvironment by building solid relationships with teammembers; proactively seek guidance, clarification and feedback.Continuous training and proactively learning new processesRequirements :Bachelor\xe2\x80\x99s in finance/Economics/Mathematics/Statistics (B. Com, B.A (Economics) B.Sc. with Economics / Mathematics/ Statistics Hons) or any other relevant degree1 to 6 years work experienceDemonstrated ability and/or a proven record of success with advisory agencies (ISO/NCCI/AAIS), personal, commercial, and specialty product offerings, the insurance contract, product model details, policy administration processes, regulatory and compliance agencies and related business functions.Demonstrates thorough abilities and/or a proven record of success in project activities such as:Writing and designing process maps;Preparing business requirements, documenting \xe2\x80\x98As Is\xe2\x80\x99 and \xe2\x80\x98To Be\xe2\x80\x99 processes and delivering process flows;Coordinating project input;Demonstrating ability to formally documenting functions;Writing process documentation;Demonstrating experience of making prompt and practical business decisions.Demonstrates thorough abilities and/or a proven record of success in insurance business applications such as:Policy administration;Enterprise data warehouse; and,Document management systems (production, imaging, storage) - as a functional user or as a business system analyst.Required certification or progress towards one of AICPCU Certifications - Chartered Property & Casualty Underwriter (CPCU), Associate in Risk Management (ARM), Associate in Claims (AIC), Associate in Underwriting (AU), Associate in Reinsurance (ARe), Associate in Insurance (AINS)Preferred Certifications or experience in one of vendor business applications - E.g. Guidewire (strongly preferred), Duck Creek, MajescoMastek, EIS, Exigen; CSC or One Shield, and Certified Business Analyst (CBAP) or Certification of Competency in Business Analysis (CCBA)Preference for pursuing Membership / Associateship of the Institute and Faculty of Actuaries / Institute of Actuaries of India (or equivalent)Advance knowledge on Microsoft Office especially ExcelPreferred knowledge of Data Analytics \xe2\x80\x93 Python, SQLFluent written and verbal English communication skillsStrong preference for working schedule from 2:00pm to 10:00pm IST.Education (if blank, degree and/or field of study not specified) Degrees/Field of Study required:Degrees/Field of Study preferred:Certifications (if blank, certifications not specified)Required SkillsOptional SkillsDesired Languages (If blank, desired languages not specified)Travel Requirements Not SpecifiedAvailable for Work Visa Sponsorship? NoGovernment Clearance Required? NoJob Posting End Date July 26, 2024

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