PHI - Intern-Actuary

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

Role Title:                                        Actuarial Intern

Department:                                     Actuarial

Location of Internship:                    Mumbai

Tenure of Internship:                       6 months Full time basis

Stipend during Internship:               INR 30,000 per month

Qualification Criteria:

• Graduate or Post-Graduate in Statistics, Mathematics, Commerce or Actuarial Science with outstanding academic track record
• More than 2 Actuarial exam passes from Institute of Actuaries of India and/or Institute and Faculty of Actuaries
• Prior working experience with R, Python, VBA, Power BI etc will be added advantage
• Good communication skills

Brief Job Description:

• Assist in Health Product Pricing including:
  • Premium, Feature & Loss Ratio Benchmarking
  • Deriving Assumptions
  • Building Models
  • Draft Technical Notes
  • Addressing Regulatory Queries
• Assist in developing Reserving Framework, including building Models
• Assist in developing Capital Modeling & ALM Framework, including building Models

Expectations from the Role:

• Attention to detail
• Willingness to learn and apply Actuarial skill set
• Logical approach to solving problems
• Ability to liaise closely with different teams in the organization

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.