KPMG—Assistant Manager Non Life Actuarial

Job description

Description: Roles and Responsibilities: We are recruiting a Non-life (General Insurance) Assistant Manager in the Actuarial Services team. The responsibilities of Assistant Manager will include: - Work as a core member of the actuarial team and contribute to make it a centre of excellence - Analyse the historical claims data and identify potential issues and trends and document the findings - Build MS-excel based actuarial tools and be able to use triangulation methods for the purpose of estimating outstanding loss reserves for various (Re)insurance companies. - Work on Statement of Actuarial Opinions (SAO) and actuarial audits of clients - Review data, methodologies, assumptions, results and benchmark against market - Reconcile results from previous year and compare with clients’ results - Review Nonlife pricing models and carry out bespoke modelling - Assist with Solvency II Technical provisions / Economic Balance Sheet actuarial reviews for regulatory submission requirements - Validate consistency across regulatory submissions - Assist client with understanding and implementing the new regulations e.g. Solvency II, IFRS, etc. - Provide transaction and due diligence support to the client - Provide assistance with actuarial system transformation - Assist with actuarial review of Economic capital requirements - Make proper commentary on the results/findings and prepare the summary report - Assist senior members of the team in day-to-day management activities including MI reporting - Actively participate in engagement team meeting - Communicate with engagement managers/Directors/Partners of the onshore team and build strong professional relationship - Provide regular updates to stakeholders and discuss solutions to potential problem areas #LI-SD1 #KGS Requirements: Educational qualifications & Work experience​ Qualifications: Graduate/Post graduate with a strong background in mathematics and statistics 4-7 years of experience in Insurance business and finance in Actuarial role. Member of Institute of Actuaries (UK) , SoA and CAS of US and/or Institute of Actuaries of India and must have passed at least 6 actuarial exams from any of these institutes. Responsibilities: Roles & Responsibilities :​ We are recruiting a Non-life (General Insurance) Assistant Manager in the Actuarial Services team. The responsibilities of Assistant Manager will include: - Work as a core member of the actuarial team and contribute to make it a centre of excellence - Analyse the historical claims data and identify potential issues and trends and document the findings - Build MS-excel based actuarial tools and be able to use triangulation methods for the purpose of estimating outstanding loss reserves for various (Re)insurance companies. - Work on Statement of Actuarial Opinions (SAO) and actuarial audits of clients - Review data, methodologies, assumptions, results and benchmark against market - Reconcile results from previous year and compare with clients’ results - Review Nonlife pricing models and carry out bespoke modelling - Assist with Solvency II Technical provisions / Economic Balance Sheet actuarial reviews for regulatory submission requirements - Validate consistency across regulatory submissions - Assist client with understanding and implementing the new regulations e.g. Solvency II, IFRS, etc. - Provide transaction and due diligence support to the client - Provide assistance with actuarial system transformation - Assist with actuarial review of Economic capital requirements - Make proper commentary on the results/findings and prepare the summary report - Assist senior members of the team in day-to-day management activities including MI reporting - Actively participate in engagement team meeting - Communicate with engagement managers/Directors/Partners of the onshore team and build strong professional relationship - Provide regular updates to stakeholders and discuss solutions to potential problem areas #LI-SD1 #KGS