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 Analyst / Ass. Con role in the Non-Life Actuarial Services team in KPMG India. The actuarial work performed by the team spans across non-life audits, reserving, risk management, capital modelling, reinsurance optimization and IFRS 17. Primary Responsibilities Actuarial Audits: Audit of the client\'s reserves and systems for true and fair view across Motor, Health, Property and Casualty, Personal and Accident, Health and other lines of business. Adherence to Reporting standards (IFRS, IGAAP, USGAAP) Review of Assumptions, methodology, controls and results Review reserving methodology(e.g. IBNR, PDR, UPR, URR, etc.) Reserving: Understanding client\'s business model, identifying sources of liability, performing data validation,developing run off triangles and claims pattern, calculating IBNR reserves. Model Development and Validation: Validating, creating and/or updating models based on new data/ events (e.g. catastrophe modelling, credit rating model, Risk Models) Risk Management: Develop internal models and ERM framework Own, Risk, and Solvency Assessment (ORSA) reports. Capital Modelling: Develop stress testing models and review capital adequacy requirements for insurance companies as per local regulations. Reinsurance: Reviewing reinsurance agreements, monitor experience with reinsurance, reinsurance structure and structuring solutions. IFRS 17: Assist clients with understanding and implementation of IFRS 17 regulations along with any review exercises. This will also include any support with system transformation required. 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 have passed at least 3 actuarial exams from either of these institutes including CS2. Prior Experience: 0-3 years of Non-life actuarial experience with knowledge in reporting - reserving, 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 Emblem, RESQ, SAS, R, Python is a plus. 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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