PwC UK Actuarial and

Insurance Management
Services (AIMS) - Mumbai
Graduate Recruitment

2022

PwC UK AIMS – Mumbai Graduate Recruitment

What actuarial consultants do?

• Encourage decision making

with a clearer view of the likely
range of financial outcomes
• Help clients analyse how future
events could affect them Enable
• Analyse the past, model more
the future informed
• Assess the risks involved decisions
Make
financial
sense of
the future

Balance the • Balance their role in

interests of all business management with
stakeholders responsibility for safeguarding
financial interests of all
stakeholders

PwC UK AIMS – Mumbai Graduate Recruitment 1

Road to qualifying
as an actuary

Exams Work experience Post qualification

• Become a member of the • Work on a variety of life, non-life • Continuous professional
actuarial institute insurance, pensions and other development
financial risk projects while
• 13 exams: Technical and • Take on more responsibility in
simultaneously taking exams
practical exams senior leadership roles at PwC
• Decide on which area to specialise
• 3–6 years to qualify – Requires
in for later exams
regular self study

PwC UK AIMS – Mumbai Graduate Recruitment 2

Actuarial exams

Core Principles Core Practices Specialist Principles Specialist Advanced

(Any 2) (Any 1)
• Actuarial • Actuarial practice • Health and care • Health and care
mathematics
• Modelling practice • Life insurance • Life insurance
• Financial engineering
• Communications • Pensions and other • Pensions and
and loss reserving
practice benefits other benefits
• Actuarial statistics
• Investment and • Investment and
• Risk models and finance finance
survival analysis
• Financial derivatives • General insurance
• Business finance
• General insurance
• Business economics reserving and
• Business capital modelling
management • Enterprise risk
management

PwC UK AIMS – Mumbai Graduate Recruitment 3

PwC AIMS

PwC AIMS operates within three distinct

Life
fields of work. You will find opportunities to
insurance develop and improve your skills in the
and below mentioned areas and ready yourself
Pensions for bigger roles on similar projects as you
The Wider Fields opportunity offers a grow with the firm.
wide range of projects across a variety
of clients including banking, healthcare
and non-financial services companies. Actuarial
services
Banking
and Wider A majority of the work we do is
fields General
actuarial analyses for some of
insurance the world’s largest life and
general insurance companies.

PwC UK AIMS – Mumbai Graduate Recruitment 4

Areas of work you’ll Reward and
be involved in Employment
Actuarial
Pension
Audits and
Audits and
Reserve
Strategy
Reviews

Risk Business
Management Restructuring

Our Services Asset Liability

Pricing
Management

Guidance on
Modelling and
Mergers and
Data Analytics
Acquisitions
Financial and Advice on
Regulatory Solvency and
Reporting Capital

PwC
PwC UK AIMS – Mumbai Graduate Recruitment 5
Clients you’ll be working with

Our clients
Insurance Reinsurance Banks Regulators

Corporates Public Services Industry Bodies Healthcare

PwC UK AIMS – Mumbai Graduate Recruitment 6

PwC’s Graduate programme

As part of the graduate Challenging client Studying for a

programme you’ll undertake a
self-directed learning programme
engagements 5 1 professional
qualification
involving; studying for a
professional qualification,
gaining knowledge of the PwC
industry and market, Graduate
self-development, programme
self-awareness and leadership
skills development.
Leadership skills
development 4 2 Gaining industry
and market
knowledge

3
Personal development and
self-awareness

PwC UK AIMS – Mumbai Graduate Recruitment 7

What we offer you?

Career Progression Study Support Induction and Training

1 2 Program 3
PwC
PwC invests
invests resources
resources in
in PwC will provide: PwC Extensive graduate
its graduates by providing: induction program
its graduates by providing: • Exam support –
introducing you to
•• Opportunity
Opportunity to
to grow
grow and
and reimbursement of
develop your technical
develop your technical exam fees • Insurance reserving &
and
and personal
personal skills
skills pricing concepts
• Study leaves for each
•• Career
Career Coach
Coach will
will be
be exam • Global insurance and
responsible for your pensions industry
responsible for your • Rewards and
performance, personal
performance, personal Increments for passing • Statistical software
wellbeing and
wellbeing and exams
coaching • Soft skills training.
coaching

PwC UK AIMS – Mumbai Graduate Recruitment 8

 Skills that you’ll develop

You’ll learn and develop the Soft skills Technical skills

specialist skills our clients look
for and value most. This
Project management Cash flow modelling
includes studying towards a
professional qualification, with
support from us all the way. After Time management Problem solving
you’ve qualified, you’ll have the
option to look for new Communication Strategic thinking
challenges, perhaps in others
areas of the firm to deepen your Business acumen Statistical analysis
knowledge, or you could choose
to stay put – whichever suits you Leadership Industry knowledge
best. It’s your choice.
Teamwork Data analysis

PwC UKAIMS
UK AIMS––Mumbai
MumbaiGraduate
GraduateRecruitment
Recruitment 9
Important details
Degree requirements
• We aim to recruit bright students from all UG and PG
degree backgrounds (i.e. BA, BSc, MA, MSc,
Commerce, Engineering, Computer Science,
Management, Statistics, etc.) who are keen to pursue
an actuarial career.
• Please note that we are looking for students who are
interested in pursuing a career in actuarial consulting
and not just for candidates who have passed
actuarial exams.
PwC UK AIMS – Mumbai Graduate Recruitment
Academic requirements
The entry criteria for this position are as follows:
• 91% (A1) marks in Mathematics in both classes X and
XII (CBSE or equivalent),
• 80% marks in English in class XII (CBSE or
equivalent), and
• At least 55% aggregate in your undergraduate degree.
• For GCE A Level examination:
– Minimum Grade C in A Level mathematics or
equivalent.
– A second A Level in any subject at a minimum
Grade C.
10
Important details (cont’d)
Job specifics
• Successful candidates will join the
practice in August 2022 and will
be based in our Mumbai office.
• They should thus have at least
an undergraduate degree by
August 2022.
PwC UK AIMS – Mumbai Graduate Recruitment
Professional qualification
• Depending on which institute you
choose, you will study with either
the Institute of Actuaries of India
(IAI) or the Institute and Faculty of
Actuaries UK (IFoA).
• Once you’ve completed the
exams, you will be fully qualified
and a fellow of your chosen
institute.
FAQs
• We are strict about our academic
requirements which cannot be
relaxed. Applicants that fail to
meet all three criteria will not
progress past the online
application stage.
• We do not accept resumes/CVs
directly and the initial application
process is entirely online (see the
last page for the application link).
11
Selection Process

Video Career
Online application Online tests Offer On-boarding
interview Focus day

• Personal details, • Career Conversation: • Salary information

education Scenario based will be disclosed to
qualifications questions & case successful
studies candidates when
• Deadline: 29th
offers are made.
October 2021 • Deadline: 2nd
December 2021

• Career Unlocked: Game • Career Focus: Individual • Successful

based assessment analysis exercise and group candidates will
exercises join our practice
• Deadline: 30th October 2021
based in Mumbai
• Final competency interview
in August 2022.
• Date: January 2021

PwC UK AIMS – Mumbai Graduate Recruitment 12

Apply online
You can apply for the role through the following URL:
• Application Link

You can find more about the opening at:

• http://pwc.co.uk/work-in-mumbai

You can find out more about the actuarial profession at:
•www.actuaries.org.uk
•www.actuariesindia.org

For any queries please send an email to:

•uk_actuarial_services_india_graduate_recruitment@pwc.com

PwC UK AIMS – Mumbai Graduate Recruitment 13

Thank you

pwc.com

This content is for general information purposes only, and should not be used as a substitute for consultation with professional
advisors.
© 2021 PricewaterhouseCoopers LLP. All rights reserved. PwC refers to the UK member firm, and may sometimes refer to the
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