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19/11 Tanya Jain
Executive at KPMG

Views:2972 Applications:96 Rec. Actions:Recruiter Actions:79

KPMG - Actuarial Role - Non-Life Insurance Domain (1-7 yrs)

Delhi NCR/Mumbai Job Code: 766427

Actuarial Role (Non - Life Insurance)

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)

Pricing & Product filing :

- Working knowledge of GLM, rate monitoring, product filing and Health insurance pricing.

Risk Management :

- Develop internal models and ERM framework; Own, Risk, and Solvency Assessment (ORSA) reports.

Reinsurance :

- Reviewing reinsurance agreements, monitor experience with reinsurance, reinsurance structure and structuring solutions.

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 8 actuarial exams from either of these institutes including CS2.

Prior Experience :

- 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 with clients.

Women-friendly workplace:

Maternity and Paternity Benefits

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