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    Executive - Life Actuarial - Gurgaon, India - KPMG

    KPMG
    kpmg background
    Full time
    Description
    Job Description

    We are recruiting a Life Actuarial Executive in the Actuarial Services team. The responsibilities of Executive will include:

    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.
    • UK GAAP and Solvency II valuation.
    Modelling: Modelling of reserves, risk adjustment, embedded value for various life products; migration of models from existing actuarial software (e.g. MGALFA to Prophet); 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
    Responsibilities

    We are recruiting a Life Actuarial Executive in the Actuarial Services team. The responsibilities of Executive will include:

    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.
    • UK GAAP and Solvency II valuation.
    Modelling: Modelling of reserves, risk adjustment, embedded value for various life products; migration of models from existing actuarial software (e.g. MGALFA to Prophet); 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
    Qualifications

    Qualifications: Graduate/Post graduate with a strong background in mathematics and statistics

    2 - 4 years of relevant Actuarial experience. Member of Institute of Actuaries (UK) , SoA and CAS of US and/or Institute of Actuaries of India and must have passed significant actuarial exams from any of these institutes.

    #LI-RB1


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