KPMG
Location
Mumbai | India
Job description
About KPMG in India
KPMG entities in India are professional services firm(s). These Indian member firms are affiliated with KPMG International Limited. KPMG was established in India in August 1993. Our professionals leverage the global network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices across India in Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida, Pune, Vadodara and Vijayawada.
KPMG entities in India offer services to national and international clients in India across sectors. We strive to provide rapid, performance-based, industry-focussed and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the Indian business environment.
Roles and responsibilities
The recruitment is for an Executive role in the Life Actuarial Services team which works for KPMG UK, US and India. The actuarial work performed by the team spans across life audits, appraisal valuation, embedded value, economic capital and modelling for these as necessary.
Primary Responsibilities
Actuarial Audits: Audit of the client's half-yearly and yearly valuation systems for true and fair view.
Modelling: Modelling of reserves, risk margin, embedded value for various life products migration of models from existing actuarial software (e.g. MGALFA to GGY AXIS) 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
Essential Requirements
Education / professional qualifications
Graduate/Post graduate with a strong background in mathematics or statistics. Member of Institute of Actuaries (UK) and/or Institute of Actuaries of India and must of passed at least 4 actuarial exams from either of these institutes including CT5.
Prior Experience:
2-4years of life actuarial experience with knowledge in reporting - reserving, embedded value, business planning, pricing etc. Understanding of IFRS 17 preferred. Knowledge of stochastic modelling and proxy modelling is a plus.
Required Skills
Technical Skills
Knowledge of insurance business and actuarial techniques specifically in any of the reporting areas. Familiarity with spreadsheets, databases, statistical analysis programs. Working knowledge of Prophet essential. Prior experience with actuarial modelling software is a plus. Examples include Prophet, GGY Axis, MG-ALFA, Mo Ses etc
Soft Skills
Good communication and strong interpersonal skills and ability to interact with internal (UK/US) stakeholders & clients.
EOE KI :
KPMG India has a policy of providing equal opportunity for all applicants and employees regardless of their color, caste, religion, age, sex/gender, national origin, citizenship, sexual orientation, gender identity or expression, disability or other legally protected status. KPMG India values diversity and we request you to submit the details below to support us in our endeavor for diversity. Providing the below information is voluntary and refusal to submit such information will not be prejudicial to you.
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