KPMG - Actuarial Consultant - Life Insurance Domain

KPMG India - Actuarial - Life Insurance - Consultant

Primary Responsibilities:

- Actuarial Audits: Audit of the client's half-yearly and yearly valuation systems for true and fair view.

- IFRS current and proposed IFRS 17[Assumptions, methodology, controls and results] review

- Solvency II [Assumptions, methodology, controls and results including Technical provisions, SCR] review

- IFRS to SII Technical Provision movements

- Modelling: Modelling of reserves, risk margin, embedded value for various life products; migration of models from existing actuarial software (e.g. MGALFA to GGY AXIS); model testing and validation.

- Appraisal Value/Transactions/Embedded Value Review: Provide transaction and due diligence support to the client; including perform independent validation of Embedded Value calculations.

Other related responsibilities:

- Assist client with understanding and implementing the new regulations e.g. IFRS 17, etc.

- Provide assistance with actuarial system transformation

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 of passed at least 4 actuarial exams from either of these institutes including CT5.

Prior Experience:

2-4 years of life actuarial experience with knowledge in reporting - reserving, embedded value, 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 Prophet essential. Prior experience with actuarial modelling software is a plus. Examples include Prophet, GGY Axis, MG-ALFA, Mo Ses etc

Soft Skills:

Good communication and strong interpersonal skills and ability to interact with internal (UK/US) stakeholders & clients.