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Executive - US - Nirupam

1.00 to 3.00 Years   Delhi   21 Jan, 2022
KPMG
Job LocationDelhi
EducationNot Mentioned
SalaryNot Disclosed
IndustryNBFC ( Non Banking Financial Services )
Functional AreaSales / BD
EmploymentTypeFull-time

Job Description

*We are recruiting a Non-life (General Insurance) Executive in the Actuarial Services team. The responsibilities of Execuitve will include:

  • Work as a core member of the actuarial team and contribute to make it a center of excellence
  • Analyze 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 modeling
  • Assist with Solvency II Technical provisions actuarial reviews for PRA 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 in UK and build strong professional relationship
  • Provide regular updates to stakeholders and discuss solutions to potential problem areas
, *
  • Qualifications: Graduate/Post graduate with a strong background in mathematics and statistics
  • 1-3 years of experience in Insurance business and finance. Member of Institute of Actuaries (UK) , SoA and CAS of US and/or Institute of Actuaries of India and must have passed at least 4 actuarial exams from any of these institutes.

Keyskills :
ifrseconomic capitalsolvency iidue diligenceactuarial examssoacenter of excellence

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