Job Description
KGS Actuarial Services team is providing Actuarial services to multiple KPMG member firms. It operates in a team extension model where KGS colleagues are mapped to service a member firm and participates in all types of actuarial work that the member firm has to offer. The primary member firms it services are KPMG UK and US. These member firms provide a healthy mix of advisory and audit experience and are leading Consultant in their geographies on regulatory changes like IFRS17 and in bringing innovation to its client. The use of machine learning in the area of Non-life reserving; advance use of technology in audit engagement setup, analysis and visualization are a few examples of the nature of work that the team is currently engaged with. Our team probably is one of the most experienced in India for its scale and operates in one of the best collaborative environments.
🎯 What Success Looks Like in This Role
We are recruiting a Non-life (General Insurance) Analyst in the Actuarial Services team. The responsibilities of Analyst will include:
Work as a core member of the actuarial team and contribute to make it a center of excellence
Analyze the historical claims data and identify potential issues and trends and document the findings
Build MS-excel based actuarial tools and be able to use triangulation methods for the purpose of estimating outstanding loss reserves for various (Re)insurance companies.
Work on Statement of Actuarial Opinions (SAO) and actuarial audits of clients
Review data, methodologies, assumptions, results and benchmark against market
Reconcile results from previous year and compare with clients’ results
Review Nonlife pricing models and carry out bespoke modeling
Assist with Solvency II Technical provisions / Economic Balance Sheet actuarial reviews for regulatory submission requirements
Validate consistency across regulatory submissions
Assist client with understanding and implementing the new regulations e.g. Solvency II, IFRS, etc.
Provide transaction and due diligence support to the client
Provide assistance with actuarial system transformation
Assist with actuarial review of Economic capital requirements
Make proper commentary on the results/findings and prepare the summary report
Assist senior members of the team in day-to-day management activities including MI reporting
Actively participate in engagement team meeting
Communicate with engagement managers/Directors/Partners of the onshore team and build strong professional relationship
Provide regular updates to stakeholders and discuss solutions to potential problem areas
📋 Requirements & Qualifications
Qualifications: Graduate/Post graduate with a strong background in mathematics and statistics
0-1 years of experience in Insurance business and finance. Member of IFoA UK, SoA/CAS of US and/or IAI India and must have passed at least 4 actuarial exams from any of these institutes.
