Assistant Manager - Actuarial Audit and Insurance Risk

Germany FRC - CFRO - AM - Mumbai

Job details (Assistant Manager)

•Proposed designation – Assistant Manager•Role type – Full time•Reporting to Engagement Partner/Manager of the engagement•Geo to be supported – Primary Germany other European countries are possible, too•Work timings – Usual working times in India

As a mathematician, quantitative specialist or actuary, you can expect a variety of exciting projects in insurance auditing. You will audit the valuation of technical provisions, pension obligations or financial mathematical calculations and help to set up databases and risk models or advise insurance companies on regulatory requirements such as IFRS 17 or Solvency II,

Are you talented with numbers and want to make the future more predictable with your mathematical models? Then you can get involved here, take on responsibility early on and focus on the following topics:-

Roles & responsibilities

·You will be responsible for auditing insurance companies in the areas of actuarial services, asset liability management, risk management, compliance and finance.·You will provide direct support in projects as an expert in auditing with in-depth knowledge of actuarial issues, data science or valuation topics.·You are also interested in the digitalisation and application of big data in the actuarial environment.·You will become a junior actuary with us if you have a degree in business mathematics, mathematics, physics, computer science or economics.·Ideally, you are specialised in actuarial science, financial mathematics or programming during your studies.·Ideally, you have already completed relevant internships or an apprenticeship in the insurance industry and are working towards a professional exam such as an actuary.·You have a structured way of thinking, recognise complex relationships and solve problems creatively.·You have a confident manner and are customer and team orientated.

This role is for you if you have  the below

Educational qualifications

·Bachelor's or Master's degree in in business mathematics, mathematics, physics, computer science or economics or a related field..

Work experience

§The candidate must have 3 to 5 years of relevant post qualification experience in a similar role, preferably with a Big4 accounting firm·Understanding of core business models of insurance and insurance-specific products·Experience with the processes and methods relating to actuarial valuation, technical accounting (IFRS 17) or insurance risk (Solvency II)·Experience with at least 1-2 of the following:·Life insurance calculation / valuation techniques·Non-Life insurance calculation / valuation techniques·Reinsurance·Pension Obligations – Valuation methods, Accounting Framework (IAS 19)·Ability to prepare insightful and precise work-done memorandums as well as audit reports adhering to regulatory standards under tight timelines

Experience Level

Entry Level