KPMG - Assistant Manager - Actuarial - Life Insurance

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.