• KPMG - Manager - Actuarial Jobs in Gurgaon,India - 25283770

  • KPMG

Job Description:

Manager - Actuarial (GI Industry)




Primary Responsibilities

Actuarial Audits

- Audit of the clients 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 (eg IBNR, PDR, UPR, URR, etc)

Reserving

- Understanding clients 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 (eg catastrophe modelling, credit rating model, Risk Models)

Pricing & Product filing Working knowledge of GLM, rate monitoring, product filing and Health insurance pricing

Risk Management Develop internal models and ERM framework; Own, Risk, and Solvency Assessment (ORSA) reports

Reinsurance Reviewing reinsurance agreements, monitor experience with reinsurance, reinsurance structure and structuring solutions

Other related responsibilities

- Assist client with understanding and implementing the new regulations eg IFRS 17, etc

- Provide assistance with actuarial system transformation

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 10 actuarial exams from either of these institutes including CS2, SP7/SP8

Prior Experience

- 7-9+ 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

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

Soft Skills

- Good communication and strong interpersonal skills and ability to interact with clients

Profile Summary:

Employment Type : Full Time
Salary : Not Mentioned
Deadline : 01st Jun 2020

Key Skills:

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