Risk Advisory Actuary Manager

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, Jaipur, 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-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the Indian business environment.

Primary Responsibilities

• Your role will involve active participation in projects spanning IFRS 17 Implementation, USGAAP / LDTI / IGAAP actuarial audits, M&A Due Diligence, Independent Expert assignments, Prophet Modelling, Pricing, Model Validation, Risk Management, Solvency II, and more, focusing on India, the wider APAC region, the UK and Europe for Life or Non-Life Assurance/Insurance Markets.
• Your role requires experience in active client management and project management, including building and training team members on various offerings.
• Strong expertise and ability interpret insurance regulations (IFRS4, IFRS17, LDTI) and ability to offer strategic advice to clients including:

o EV review for clients (both buyer and seller side) by validating VIF, CRNHR, Sensitivity results, VoNB, margin walk for change in Embedded Value , Adjusted Net Worth and other critical aspects including independent EV triangulation and Business Plan (management and investors).

o Project management Actuarial Audits: Lead the audit of the client on IFRS 4 (including statutory reserving), US GAAP (FAS60/97/91, SOP03, etc.) or RBC/EEV basis.

o Modelling: Modelling of reserves, risk margin , embedded value for various life products migration of models from existing actuarial software, Prophet modelling model testing and validation

Other related responsibilities

• Build strong networks across KPMG member firms and clients globally.

• Strong ability of practice development by building credentials across different actuarial/insurance offerings.

• Engage in both quantitative and qualitative tasks, including actuarial modelling, comprehensive report writing, and in-depth research.
• Collaborate seamlessly with colleagues and stakeholders across the globe, to ensure outstanding client support and timely project delivery.

Essential Requirements/Qualifications

Prior Experience:

• 6-10 years of life actuarial experience with knowledge in reporting - Valuation, embedded value, IFRS 17, SH Reporting, RBC, ERM business planning, pricing etc.

Education Qualification:

• Qualified/ nearly qualified with the Institute of Actuaries (UK) and/or Institute of Actuaries of India or any other recognized institute.
• Graduate/Postgraduate with a background in mathematics or statistics or any other related field.

Other Essential Skills:

• A knack for excelling under pressure and within demanding client environments.
• Outstanding verbal and written communication skills.
• Strong aptitude for critical thinking, analytical prowess, and effective decision-making.
• Ability to work fluidly within diverse, cross-functional, international teams, across varying time zones when required.
• Adaptability, a keen willingness to learn, and a comfort level with dynamic work settings.
• Self-driven and motivated, capable of operating autonomously and efficiently without constant supervision.
• Skilled in documenting actuarial methodologies, assumptions, and results in a clear and structured manner for audits and reporting.

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