Line of Service
Job Description & Summary
Actuarial Services Mumbai
As one of the UK’s largest Actuarial practices we’re market leaders providing insights and solutions for all businesses that face significant and complex risks. We play an important role in supporting clients through uncertain times. Actuaries analyse how future events could affect businesses and we calculate the impact these events could have on our clients. Using our risk and analytical skills and predictive insights, we calculate the impact of changing demographics or legislation on pension schemes, the effects that changes in financial markets have on different organisations, or how likely a business is to be hit by an earthquake. You’ll learn how to use complex financial and statistical theories to weigh up the risks and estimate the odds of what might happen. Just as important, you’ll develop a flair for presenting your findings in simple, easy‑to‑understand language. What’s more, early client exposure will broaden your experience.
In Actuarial Services you’ll work with clients from the insurance industry (both life and general insurance) as well as the banking sector (retail and investment). 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.
Our graduate training programme is underpinned by a development framework that broadens and deepens your knowledge. You’ll learn from hands-on coaching and an outstanding variety of work, picking up business, personal and technical skills you can use across the network, and throughout your career.
What you’ll do
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.
What you’ll gain
You will be given a choice to study with either the Institute of Actuaries of India (IAI) or the Institute & Faculty of Actuaries UK (IFoA). Once you’ve completed the exams, you will be fully qualified and a Fellow of your chosen institute.
What 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 91% (A1) marks in Mathematics in both Classes X and XII (CBSE or equivalent)
At least 80% in English in Class XII (CBSE or equivalent)
For students who have taken GCE A Level examination, the eligibility criteria is:
A minimum Grade C in A Level mathematics or equivalent
A second A Level in any subject at a minimum Grade C
When to apply
The deadline for applications is 29 October 2021
The deadline for the Behavioral Based Assessment is 01 November 2021
The deadline for the video interview is 02 December 2021
Career Focus Days will be held between 17 January and 28 January 2022
For all Actuarial Services roles as part of the final stage you will also attend a senior interview with the business. More information on this will be provided by your local recruiter.
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)
107. United Kingdom: Actuarial – Qualification – Primary – Institute & Faculty of Actuaries – NA – The Institute and Faculty of Actuaries (preferred)
Desired Languages (If blank, desired languages not specified)
Available for Work Visa Sponsorship?
Government Clearance Required?
Job Posting End Date
October 29, 2021
Job Description : Business Development & Execution Formulate Sales Execution on ground for driving health business in alignment with overall...Apply For This Job
Business Development & Execution Formulate Sales Execution on ground for driving health business in alignment with overall business strategy for...Apply For This Job
✓ Acquisition of Quality CASA (Current Account & Saving Account) Accounts- Qualified & Activated NTB CASA Accounts (In Nos.) ✓...Apply For This Job
Overview: Manual testers with Insurance experience from Life and Non-life areas are required. Responsibilities: a. Requirement Analysis b. Test Case...Apply For This Job
About PhonePe PhonePe is India’s leading digital payments platform with over 280 million registered users. Using PhonePe, users can send...Apply For This Job
Introduction IBM’s Industry Consultants are essential to our clients as they work to reinvent themselves for the future. Join our...Apply For This Job