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PwC
Actuarial Risk Modeling Services - Associate - Summer/Fall 2027
Entry-Level JobVerifiedNo experience needed
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Based on Illinois data
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What they do
An Actuary calculates the financial costs of risk and uncertainty. Uses findings from statistical analysis and mathematical modeling to help businesses and clients minimize the cost of risk and develop business and investment strategies. Uses actuarial analysis of the probability and cost of natural disasters or accidents to develop insurance policies.
$121,604 / year median in Illinois
-6% projected decline
Job Description
at PwC in Rosemont, Illinois, United States Job Description The Opportunity As a Risk Modeling and Actuarial Services Associate, you will engage in providing insights and analysis to help businesses manage risk, optimize financial performance, and make informed decisions, driving financial stability and growth. Within our Assurance practice, you will be part of a team that enhances trust and confidence in financial and non-financial information. This role involves working closely with clients in the non-life insurance sector, offering them the analytical support they need to navigate complex financial landscapes. As an Associate, you will focus on learning and contributing to client engagements while developing your skills and knowledge to deliver quality work. You will be exposed to clients to learn how to build meaningful connections, manage and inspire others, and grow your personal brand by deepening your technical knowledge of firm services and technology resources. In this role at PwC, you will participate in project tasks, engage in research, and develop basic skills and knowledge. You will also be expected to anticipate the needs of your teams and clients, embracing challenges as opportunities for growth. Responsibilities
- Applying actuarial science to assess risk and optimize financial performance
- Conducting complex data analysis to extract meaningful insights and identify trends
- Implementing financial modeling techniques to represent real-world financial situations
- Utilizing statistical modeling to develop predictive algorithms for data analysis
- Engaging in risk model implementation to create and validate risk-prediction models
- Collaborating with teams to support client engagements and projects
- Demonstrating intellectual curiosity to acquire general knowledge and enhance skills
- Participating in strategic forecasting to anticipate market developments and resource needs
- Supporting the delivery of independent assessments to uphold transparency and compliance
- Contributing to the development of financial stability and growth strategies for clients What You Must Have
- Currently pursuing or have completed a Bachelor's degree in one of the following fields of study: Actuarial Science, Mathematics,Statistics
- At least a 3.0 overall GPA
- Before starting full-time at PwC, meet the educational requirements and demonstrate a commitment to undertaking and passing actuarial exams
- Client service associate positions are entry-level roles and job seekers have completed or are in the process of completing their final academic year of educational requirements What Sets You Apart
- Preference for a 3.5 overall GPA
- Leveraging AI to create efficiencies, innovate ways of working and deliver distinctive outcomes
- Demonstrating proficiency in actuarial science and statistical modeling
- Utilizing complex data analysis to drive insights and decision-making
- Excelling in financial modeling for non-life insurance sectors
- Engaging in teamwork and client support to enhance project outcomes
- Cultivating intellectual curiosity to explore innovative solutions The salary range for this position is: $53,500
- $104,000.