Assistant Manager

KPMG · Gurgaon

Collected role description

Job details

Proposed designation Assistant Manager
Role type Individual Contributor Reporting to Associate Director/Manager
Geo to be supported UK
Work timings 11.30AM to 8.00PM Roles & Responsibilities: · Non-life (General Insurance) Assistant Manager in the Actuarial Services team.

The responsibilities of Assistant Manager 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 actuarial reviews for PRA 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 Educational qualifications

Qualifications: Graduate/Post graduate with a strong background in mathematics and statistics
Member of Institute of Actuaries (UK) , SoA and CAS of US and/or Institute of Actuaries of India and must have passed at least 7 actuarial exams from any of these institutes.

Work experience

6.5+ years of experience in Insurance business and finance.
Work on actuarial audits and experience in Reserving, Solvency 2, IFRS 17, Technical Provisions and Capital Modelling Further we are looking at.

Collected minimum qualification

Educational qualifications<div style="direction: ltr; margin-bottom: 6.47pt; margin-left: 0.19in; margin-top: 0pt; text-align: left; text-indent: -0.19in; unicode-bidi: embed; word-break: normal;">•Qualifications: Graduate/Post graduate with a strong background in mathematics and statistics</div><div style="direction: ltr; margin-bottom: 6.47pt; margin-left: 0.19in; margin-top: 0pt; text-align: left; text-indent: -0.19in; unicode-bidi: embed; word-break: normal;">• Member of Institute of Actuaries (UK) , SoA and CAS of US and/or Institute of Actuaries of India and must have passed at least 7 actuarial exams from any of these institutes.</div>Work experience<div style="direction: ltr; margin-bottom: 6.47pt; margin-left: 0.19in; margin-top: 0pt; text-align: left; text-indent: -0.19in; unicode-bidi: embed; word-break: normal;">•6.5+ years of experience in Insurance business and finance.</div><div style="direction: ltr; margin-bottom: 6.47pt; margin-left: 0.19in; margin-top: 0pt; text-align: left; text-indent: -0.19in; unicode-bidi: embed; word-break: normal;">•Work on actuarial audits and experience in Reserving, Solvency 2, IFRS 17, Technical Provisions and Capital Modelling Further we are looking at.</div>

Collected experience requirement

6.5+ years