What we do in Actuarial

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.

We have graduate Actuarial opportunities in

Actuarial Services

You’ll help clients analyse how future events could affect them. You’ll work with clients from the insurance industry (both life and general insurance), and also from the banking sector (retail and investment), 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 everything from managing economic capital, risk management, assessing liabilities, mergers and acquisitions to company restructures, financial modelling, stress and scenario testing, navigating the evolving economic and regulatory environment and the viability of new products.

People and Organisations: Pensions

People and Organisations: Reward and Employment

You’ll help companies work out how to incentivise and reward their employees. As part of a multidisciplinary team, you’ll draw on your problem-solving skills to advise clients in this complex and challenging area, using financial modelling and analytical techniques to develop reward structures that support business strategy, drive appropriate behaviours, are acceptable to shareholders and employees alike, and drive the Gender Pay and Diversity agenda.

Mumbai

You’ll be based in Mumbai and support teams and clients in the UK where you’ll 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. You’ll be given a choice to study with either the Institute of Actuaries of India (IAI) or the Institute & Faculty of Actuaries UK (IFoA).

What you’ll gain

If you join our Actuarial Services pathway you’ll study with the Institute and Faculty of Actuaries (IFoA). Once you’ve completed the exams, you’ll be fully qualified and a Fellow of the Institute of Actuaries. You’ll start working towards this as soon as you join PwC and it's a considerable commitment, calling for a great deal of self-discipline and motivation.

What you’ll need

You'll need to have achieved or be on track to pass an undergraduate degree or above in any subject. We determine whether you're on course to pass based on the grades you achieved in your last completed year of academic study.

Although we don’t look for any specific degree or A Level subjects, please note that the Institute and Faculty of Actuaries (IFoA) offers some guidance to those considering a career as an Actuary: https://www.actuaries.org.uk/becoming-actuary/route-becoming-actuary.

The IFoA qualification syllabus is rigorous and the examinations are highly demanding, so they recommend applicants have a maths-based degree. If you don't have a maths-based degree, they recommend you take one of their non-member exams to prepare you for the IFoA qualification process.

When to apply

Applications for these roles may close early should we receive a high volume of interest so we recommend prompt application to avoid disappointment.

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