Assistant Manager Non Life Actuarial
Kpmg Services · Gurugram · onsite · Posted 61d ago
Not disclosed4–7 yrsfulltimeSourced from
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About this role
Job Description
Roles and Responsibilities:
Responsibilities
We are recruiting a Non-life (General Insurance) Assistant Manager in the Actuarial Services team. The responsibilities of Assistant Manager will include:
Responsibilities
Roles & Responsibilities :
Qualifications
Educational qualifications & Work experience
Qualifications: Graduate/Post graduate with a strong background in mathematics and statistics
4-7 years of experience in Insurance business and finance in Actuarial role. Member of Institute of Actuaries (UK) , SoA and CAS of US and/or Institute of Actuaries of India and must have passed at least 6 actuarial exams from any of these institutes.
Roles and Responsibilities:
Responsibilities
We are recruiting a Non-life (General Insurance) Assistant Manager in the Actuarial Services team. The responsibilities of Assistant Manager will include:
- Work as a core member of the actuarial team and contribute to make it a centre of excellence
- Analyse the historical claims data and identify potential issues and trends and document the findings
- Build MS-excel based actuarial tools and be able to use triangulation methods for the purpose of 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
- Reconcile results from previous year and compare with clients results
- Review Nonlife pricing models and carry out bespoke modelling
- Assist with Solvency II Technical provisions / Economic Balance Sheet actuarial reviews for regulatory submission requirements
- Validate consistency across regulatory submissions
- Assist client with understanding and implementing the new regulations e.g. Solvency II, IFRS, etc.
- Provide transaction and due diligence support to the client
- Provide assistance with actuarial system transformation
- Assist with actuarial review of Economic capital requirements
- Make proper commentary on the results/findings and prepare the summary report
- Assist senior members of the team in day-to-day management activities including MI reporting
- Actively participate in engagement team meeting
- Communicate with engagement managers/Directors/Partners of the onshore team and build strong professional relationship
- Provide regular updates to stakeholders and discuss solutions to potential problem areas
Responsibilities
Roles & Responsibilities :
Qualifications
Educational qualifications & Work experience
Qualifications: Graduate/Post graduate with a strong background in mathematics and statistics
4-7 years of experience in Insurance business and finance in Actuarial role. Member of Institute of Actuaries (UK) , SoA and CAS of US and/or Institute of Actuaries of India and must have passed at least 6 actuarial exams from any of these institutes.
Sourced from foundit
Skills
Actuarial system transformationBespoke modellingEconomic Balance Sheetregulatory submissionssolvency iiActuarial toolseconomic capital requirementstriangulation methodsactuarial auditsNonlife pricing models