Actuarial Analyst - UK Non-life

About the role

KPMG Assurance and Consulting Services LLP's KGS Actuarial Services team provides actuarial services to KPMG member firms, primarily KPMG UK and US, supporting advisory and audit work including IFRS17 and regulatory innovation. As an Actuarial Analyst - UK Non-life, you will analyze historical claims data, build MS-Excel actuarial tools using triangulation methods to estimate outstanding loss reserves, work on Statements of Actuarial Opinions and actuarial audits, review pricing models, and assist with Solvency II and IFRS regulatory reviews for PRA submissions. The role is based in Gurgaon, Haryana, India (with Bangalore, Karnataka, India also listed) and operates on a hybrid work model with hours from 11:30 to 20:00.

What you’ll do

• Work as a core member of the actuarial team and contribute to make it a center of excellence
• Analyze historical claims data and identify potential issues and trends and document the findings
• Build MS-Excel based actuarial tools and use triangulation methods for 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
• Review Nonlife pricing models and carry out bespoke modeling
• Assist with Solvency II Technical provisions actuarial reviews for PRA submission requirements
• Assist client with understanding and implementing new regulations e.g. Solvency II, IFRS, etc

What you’ll bring

• Graduate/Postgraduate with a strong background in mathematics and statistics
• 1-2 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
• Must have passed at least 4 actuarial exams from any of these institutes

Nice to have

• 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

Skills

Benefits

• Corporate Social Responsibility programs
• Maternity and paternity leave
• Opportunities to network and connect
• Discounts on products and services

Education

Graduate/Postgraduate with a strong background in mathematics and statistics