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    Assistant Manager - Gurgaon, India - KPMG

    KPMG
    KPMG Gurgaon, India

    1 week ago

    kpmg background
    Full time
    Description
    Job Description

    Roles and Responsibilities
    Designation Assistant Manager Reporting to Manager Role type Individual contributor Employment type Full-time

    We are recruiting a 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
    • Actively participate in engagement team meeting
    • Communicate with engagement managers/Directors/partners in UK and build strong professional relationship
    • Provide regular updates to stakeholders and discuss solutions to potential problem areas
    Job Requirements

    Mandatory Skills
    • Qualifications: Graduate/Post graduate with a strong background in mathematics and statistics
    • 6.5+ years of experience in Insurance business and finance. 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.
    Preferred Skills
    • Personal drive and positive work ethic to deliver results within tight deadlines and in demanding situations without compromising on quality, and ethical standards and values
    • Excellent written and verbal communication skills
    • Team player
    • Self-driven
    • Ability to work independently and motivate team members
    • Proficient in use of technology like Alteryx, Power BI, R, SaS, etc
    Responsibilities

    Roles and Responsibilities
    Designation Assistant Manager Reporting to Manager Role type Individual contributor Employment type Full-time

    We are recruiting a 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
    • Actively participate in engagement team meeting
    • Communicate with engagement managers/Directors/partners in UK and build strong professional relationship
    • Provide regular updates to stakeholders and discuss solutions to potential problem areas
    Job Requirements

    Mandatory Skills
    • Qualifications: Graduate/Post graduate with a strong background in mathematics and statistics
    • 6.5+ years of experience in Insurance business and finance. 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.
    Preferred Skills
    • Personal drive and positive work ethic to deliver results within tight deadlines and in demanding situations without compromising on quality, and ethical standards and values
    • Excellent written and verbal communication skills
    • Team player
    • Self-driven
    • Ability to work independently and motivate team members
    • Proficient in use of technology like Alteryx, Power BI, R, SaS, etc
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