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Risk Modeling Services Intern - Summer 2024

Risk Modeling Services Intern - Summer 2024
New York, US
85,000 - 90,000
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Job Description

A career in our Risk Modeling Services practice 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’ll 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’s balance sheet or you could be revising businesses’ projections and making sure they have adequate reserves. Our team helps our clients address new financial reporting requirements by assessing the financial and business impacts of regulations, building implementation plans, and implementing relevant requirements, particularly across areas of financial reporting change.

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 an Intern / Trainee, 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:

  • Be curious and try new things.
  • Learn about how PwC works as a business and adds value to clients.
  • Think broadly and ask questions about data, facts and other information.
  • Support research, analysis and problem solving using a variety of tools and techniques.
  • Produce high quality work which adheres to the relevant professional standards.
  • Keep up-to-date with technical developments for area of specialism.
  • Handle, manipulate and analyse data and information responsibly.
  • Communicate confidently in a clear, concise and articulate manner - verbally and in materials produced.
  • Embrace different points of view and welcome opposing and conflicting ideas.
  • Uphold the firm's code of ethics and business conduct.

Our Intern’s role in PwC‘s core actuarial and insurance services provided to clients is to:

  • Support select projects; demonstrating creative thinking and individual initiative while working as a team member, building impactful relationships with team members;
  • Proactively seek guidance, clarification and feedback; and,
  • Demonstrate flexibility in prioritizing and completing tasks while exercising professional skepticism.

Job Requirements and Preferences:

Basic Qualifications:

Minimum Degree Required:

Bachelor Degree

Required Fields of Study:

Accounting, Actuarial Science, Economics, Finance, Mathematics, Statistics

Additional Educational Requirements:

Other quantitative fields of study may be considered.

Minimum Years of Experience:

0 year(s)

Preferred Qualifications:

Additional Educational Preferences:

Preferred cumulative GPA: 3.3

Preferred major GPA: 3.3

Client service intern positions are entry-level and job seekers are traditionally either in their 3rd year of a 4 year degree program or in the 4th year of a 5 year program. Client service interns typically join us during the winter/spring or summer prior to their intended graduation year.

Certification(s) Preferred:

Before starting with PwC full-time, demonstration of active interest in the pursuit of Associateship of the Society of Actuaries (ASA) or Associateship of the Casualty Actuarial Society (ACAS).

Preferred Knowledge/Skills:

Demonstrates some abilities and/or a proven record of success in the following:

  • Possessing a basic understanding of actuarial science, applied statistics, risk and capital management, value analyses, and financial reporting standards;
  • Desiring to pursue a career in actuarial consulting;
  • Exhibiting creative problem solving skills and the ability to prioritize and handle multiple tasks;
  • Interacting with various levels of client and firm management in both written and verbal form; and,
  • Exemplifying an ability to self-motivate and take responsibility for personal growth and development.
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