Kpmg India Services Llp

Actuarial Analyst - UK Non-life

Kpmg India Services Llp
Gurgaon/Gurugram
Not disclosed
Work from OfficeWork from Office
Full TimeFull Time
Min. 1 yearMin. 1 year

Job Description

Actuarial Analyst - UK Non-life

Job details

Proposed designation
Analyst
Role type
Individual Contributor
Reporting to 
Manager
Geo to be supported
UK
Work timings: 11.30 to 20.00
Work mode: Hybrid
Employment Type: FTE
 
 

Team Overview

KGS Actuarial Services team is providing Actuarial services to multiple KPMG member firms. It operates in a team extension model where KGS colleagues are mapped to service a member firm and participates in all types of actuarial work that the member firm has to offer. The primary member firms it services are KPMG UK and US. These member firms provide a healthy mix of advisory and audit experience and are leading Consultant in their geographies on regulatory changes like IFRS17 and in bringing innovation to its client. The use of machine learning in the area of Non-life reserving; advance use of technology in audit engagement setup, analysis and visualization are a few examples of the nature of work that the team is currently engaged with. Our team probably is one of the most experienced in India for its scale and operates in one of the best collaborative environments.

 

Other Information

 

Number of interview rounds

3

Mode of interview

Telephonic/F2F/Virtual

Job location

Bangalore / Gurgaon

Clean room policy (specific to business)

Yes/No

 

Culture

Corporate Social Responsibility programs
Maternity and paternity leave
Opportunities to network and connect
Discounts on products and services

 

Note: Benefits/Perks listed above may vary depending on the nature of your employment with KPMG and the country where you work

Roles & responsibilities

We are recruiting a Non-life (General Insurance) Analyst in the Actuarial Services team. The responsibilities of Analyst will include

Work as a core member of the actuarial team and contribute to make it a center of excellence
Analyze 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 modeling
Assist with Solvency II Technical provisions actuarial reviews for PRA 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 in UK and build strong professional relationship
Provide regular updates to stakeholders and discuss solutions to potential problem areas

Job Requirements

Mandatory Skills

Qualifications: Graduate/Postgraduate with a strong background in mathematics and statistics
1 year - 2 years of experience in Insurance business and finance. Member of Institute of Actuaries (UK) , SoA and CAS of US and/or Institute of Actuaries of India and must have passed at least 4 actuarial exams from any of these institutes

 

Preferred Skills

Personal drive and positive work ethic to deliver results within tight deadlines and in demanding situations without compromising on quality, and ethical standards and values

Excellent written and verbal communication skills
Team player
Self-driven
Ability to work independently and motivate team members
Proficient in use of technology like Alteryx, Power BI, R, SaS, etc

Experience Level

Mid Level

Job role

Work location
Work locationGurgaon, Haryana, India
Department
DepartmentBanking / Insurance / Financial Services
Role / Category
Role / CategoryGeneral Insurance
Employment type
Employment typeFull Time
Shift
ShiftDay Shift

Job requirements

Experience
ExperienceMin. 1 year

About company

Name
NameKpmg India Services Llp
Job posted by Kpmg India Services Llp

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