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, Jaipur, 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-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the Indian business environment.
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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.
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.
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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.