Assistant Manager - Actuary

2 - 4 years

0 Lacs

Posted:1 week ago| Platform: Foundit logo

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Work Mode

On-site

Job Type

Full Time

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

Roles and responsibilities

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

Primary Responsibilities

Actuarial Audits: Audit of the client's half-yearly and yearly valuation systems for true and fair view.
  • IFRS current and proposed IFRS 17[Assumptions, methodology, controls and results] review
  • Solvency II [Assumptions, methodology, controls and results including Technical provisions, SCR] review
  • IFRS to SII Technical Provision movements
Modelling: Modelling of reserves, risk margin, embedded value for various life products; migration of models from existing actuarial software (e.g. MGALFA to GGY AXIS); model testing and validation.
Appraisal Value/Transactions/Embedded Value Review: Provide transaction and due diligence support to the client; including perform independent validation of Embedded Value calculations.

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KPMG India

Professional Services

Pune

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