Senior Actuary - Life Actuarial Services

Job Summary

Job Title: Executive

Function: Life Actuarial Team

Location:   Bangalore

Department: Risk Consulting, FRM

About us

KPMG is a leading professional services firm comprising over 174,000 professionals who work together to deliver value in more than 155 countries through in-depth industry insights in Audit, Tax & Advisory. The firm recorded more than USD 24.4 billion in revenues in 2015.

The position in discussion is with the Risk Consulting team at KPMG Global Services (KGS).

KPMG’s Risk Consulting Advisory Services Practice focuses on fundamental business issues — managing risk, increasing revenues, controlling costs — that organizations, across various industries, should address in order to help them flourish. We help companies to identify and manage risks inherent in business processes and technology systems that support business objectives, and provide them with the information needed to help them meet their strategic and financial goals. Our services are divided into 4 service line mainly – IT Advisory, Internal Audit Risk & Compliance Services, Forensic and Financial Risk Management to help clients mitigate risks across an overall risk spectrum.
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Roles and responsibilities

The recruitment is for an Consultant role in the Life Actuarial Services team. The actuarial work performed by the team spans across life audits, appraisal valuation, embedded value, economic capital and modelling for these as necessary.

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.

Prior Experience:

At least 5 years experience in data management and modeling at insurance companies

Experience in conceptual work for defining a data model, integration of feeder systems into a central data platform, mapping of typical attributes and dimensions in Life/Health and P&C insurance, knowledge of insurance chart of accounts.

Experience mentoring / guiding junior team members (reviewing work, on-the-job coaching, providing status updates for the management)

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, PathWise, GGY Axis, MG-ALFA, Mo Ses etc

Soft Skills

Good communication and strong interpersonal skills and ability to interact with internal (UK/US/German) stakeholders & clients.

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 CM1.