Posted By
Posted in
Banking & Finance
Job Code
1274285
Roles and responsibilities :
The recruitment is for an Analyst / Ass. Conrole in the Non-LifeActuarial Services teamin KPMG India.The actuarial work performed by the team spans across non-life audits, reserving,risk management, capital modelling, reinsurance optimization and IFRS 17.
Primary Responsibilities:
- Actuarial Audits: Audit of the client's reserves and systems for true and fair view across Motor, Health, Property and Casualty, Personal and Accident, Health and other lines of business.
- Adherence to Reporting standards (IFRS, IGAAP, USGAAP)
- Review of Assumptions, methodology, controls and results
- Review reserving methodology (e.g. IBNR, PDR, UPR, URR, etc.)
- Reserving: Understanding client's business model, identifying sources of liability, performing data validation, developing run off triangles and claims pattern, calculating IBNR reserves.
- Model Development and Validation: Validating, creating and/or updating models based on new data/ events (e.g. catastrophe modelling, credit rating model, Risk Models)
- Risk Management: Develop internal models and ERM framework; Own, Risk, and SolvencyAssessment(ORSA) reports.
- Capital Modelling: Develop stress testing models and review capital adequacy requirements for insurance companies as per local regulations.
- Reinsurance: Reviewing reinsurance agreements, monitor experience with reinsurance, reinsurance structure and structuring solutions.
- IFRS 17: Assist clients with understanding and implementation of IFRS 17 regulations along with any review exercises. This will also include any support with system transformation required.
Essential Requirements :
Education / professional qualifications:
Graduate/Post graduate with a strong background in mathematics or statistics. Member of Institute of Actuaries (UK) and/or Institute of Actuaries of India and must have passed at least 3 actuarial exams from either of these institutes including CS2.
Prior Experience:
- 0-3 years of Non-life actuarial experience with knowledge in reporting - reserving, business planning, pricing etc. Understanding of IFRS 17 preferred. Knowledge of stochastic modelling and proxy modelling is a plus.
Required Skills :
Technical Skills:
Knowledge of insurance business and actuarial techniques specifically in any of the reporting areas. Familiarity with spreadsheets, databases, statistical analysis programs.Working knowledge of Emblem, RESQ, SAS, R, Python is a plus.
Soft Skills:
Good communication and strong interpersonal skills and ability to interact withclients.
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Posted By
Posted in
Banking & Finance
Job Code
1274285