KPMG is Hiring Actuarial Analyst (Bangalore) | Non-life Insurance

Job Description

The KGS Actuarial Services team provides actuarial services to various KPMG member firms, operating in a team extension model. KGS colleagues are assigned to service specific member firms, participating in all types of actuarial work offered by those firms. The primary member firms serviced are KPMG UK and US, which provide a healthy mix of advisory and audit experience. These firms are leading consultants in their geographies, focusing on regulatory changes like IFRS17 and bringing innovation to clients. Examples of current work include machine learning in non-life reserving and advanced technology use in audit engagement setup, analysis, and visualization. Our team is recognized as one of the most experienced in India for its scale and fosters a highly collaborative environment.

Responsibilities

We are seeking a Non-life (General Insurance) Analyst to join the Actuarial Services team. The responsibilities for this Analyst role include:

• Working as a core member of the actuarial team and contributing to its development as a center of excellence.
• Analyzing historical claims data, identifying potential issues and trends, and documenting findings.
• Building MS-Excel-based actuarial tools and utilizing triangulation methods to estimate outstanding loss reserves for various (Re)insurance companies.
• Working on Statement of Actuarial Opinions (SAO) and conducting actuarial audits for clients.
• Reviewing data, methodologies, assumptions, and results, and benchmarking them against market standards.
• Reconciling results from previous years and comparing them with client results.
• Reviewing Non-life pricing models and performing bespoke modeling.
• Assisting with Solvency II Technical provisions / Economic Balance Sheet actuarial reviews for regulatory submission requirements.
• Validating consistency across regulatory submissions.
• Assisting clients with understanding and implementing new regulations, such as Solvency II and IFRS.
• Providing transaction and due diligence support to clients.
• Assisting with actuarial system transformation.
• Assisting with the actuarial review of Economic capital requirements.
• Preparing proper commentary on results/findings and summarizing reports.
• Assisting senior team members with day-to-day management activities, including MI reporting.
• Actively participating in engagement team meetings.
• Communicating with engagement managers, directors, and partners of the onshore team to build strong professional relationships.
• Providing regular updates to stakeholders and discussing solutions for potential problem areas.