Actuarial Associate

3 weeks ago

Mumbai, India KPMG India Full time

About KPMG 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.


Roles and responsibilities

The recruitment is for an Associate Consultant role in the Non-Life Actuarial Services team in KPMG India. The actuarial work performed by the team spans across non-life audits, reserving, risk management, capital modelling, reinsurance optimization and IFRS 17.


Primary Responsibilities

Actuarial Audits: Audit of the client’s 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 (e.g. IBNR, PDR, UPR, URR, etc.)

  • Reserving: Understanding client’s 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 (e.g. catastrophe modelling, credit rating model, Risk Models)


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


  • Capital Modelling: Develop stress testing models and review capital adequacy requirements for insurance companies as per local regulations.


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


  • IFRS 17: Assist clients with understanding and implementation of IFRS 17 regulations along with any review exercises. This will also include any support with system transformation required.


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 have passed at least 3 actuarial exams from either of these institutes including CS2.


Prior Experience:

1-3 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.

Required 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.
  • Good communication, analytical and presentation skills are mandatory for all the above roles you can share your resumes on anamikagandhi@kpmg.com/jeevaswetha@kpmg.com


Equal employment opportunity information

KPMG India has a policy of providing equal opportunity for all applicants and employees regardless of their color, caste, religion, age, sex/gender, national origin, citizenship, sexual orientation, gender identity or expression, disability or other legally protected status. KPMG India values diversity and we request you to submit the details below to support us in our endeavor for diversity. Providing the below information is voluntary and refusal to submit such information will not be prejudicial to you.

  • Actuarial Associate

    3 weeks ago

    mumbai, India KPMG India Full time

    About KPMG INDIAKPMG 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...

  • Actuarial Associate

    4 weeks ago

    Mumbai, India KPMG India Full time

    About KPMG INDIAKPMG 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...

  • Actuarial Associate

    5 days ago

    Mumbai, Maharashtra, India KPMG India Full time

    About KPMG INDIAKPMG 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...

  • Actuarial Associate

    4 weeks ago

    Mumbai, India KPMG India Full time

    About KPMG INDIAKPMG 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...

  • Actuarial Associate

    3 weeks ago

    Mumbai, India KPMG India Full time

    About KPMG INDIAKPMG 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...

  • Actuarial Associate

    3 weeks ago

    Mumbai, India KPMG India Full time

    About KPMG 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...

  • Actuarial Associate

    4 weeks ago

    mumbai, India KPMG India Full time

    About KPMG 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...

  • Associate - Retirement Consulting Actuaries

    3 weeks ago

    Mumbai, India Marsh McLennan Companies Full time

    Description: Mercer is seeking candidates for the following position based in the Gurgaon/Mumbai/Bangalore office. Associate - Retirement Consulting Actuaries(Level E) What can you expect: The purpose of this position is to provide technical leadership to the team of actuarial analysts and consultants to deliver directly to clients on issues...

  • [Immediate Start] Actuarial Associate

    4 weeks ago

    Mumbai, India KPMG India Full time

    About KPMG INDIAKPMG 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...

  • Actuarial Services

    2 months ago

    Mumbai, India BDO in India Full time

    About CompanyBDO India LLP is the India member firm of BDO International. BDO India offers strategic, operational, accounting, tax & regulatory advisory and assistance for both domestic and international organisations across a range of industries. We are led by more than 300 Partners & Directors with a team of over 8500 professionals operating across 13...

  • Actuarial Services

    1 month ago

    Mumbai, India BDO in India Full time

    About CompanyBDO India LLP is the India member firm of BDO International. BDO India offers strategic, operational, accounting, tax & regulatory advisory and assistance for both domestic and international organisations across a range of industries. We are led by more than 300 Partners & Directors with a team of over 8500 professionals operating across 13...

  • Actuarial Services

    2 months ago

    Mumbai, India BDO in India Full time

    About Company BDO India LLP is the India member firm of BDO International. BDO India offers strategic, operational, accounting, tax & regulatory advisory and assistance for both domestic and international organisations across a range of industries. We are led by more than 300 Partners & Directors with a team of over 8500 professionals operating across 13...

  • Associate - Retirement Consulting Actuaries

    3 weeks ago

    Mumbai, India Marsh McLennan Companies Full time

    Description:Mercer is seeking candidates for the following position based in theGurgaon/Mumbai/Bangaloreoffice.Associate - Retirement Consulting Actuaries(Level E)What can you expect:The purpose of this position is to provide technical leadership to the team of actuarial analysts and consultants to deliver directly to clients on issues pertaining to...

  • Actuarial Intern/ Senior Associate

    2 months ago

    mumbai, India HDFC Life Full time

    What does the job entail?The job opening is in the Actuarial modelling team which works primarily on the Life insurance software – Prophet and DCS. The team works closely with all teams in the actuarial department to troubleshoot their problems as well as model any cashflows they might needRoles and Responsibilities:The role will involve assisting the...

  • Actuarial Analyst

    4 weeks ago

    Mumbai, India Swiss Re Full time

    Actuarial Analyst – L&H India Position Actuarial Analyst Level Associate Location Mumbai, India Reporting to Team Lead, Medical Reinsurance, L&H Products Objective of Role The role will be part of the L&H India pricing team taking responsibility for product development and pricing of new Life & Health business to help the region...

  • ▷ (Apply in 3 Minutes) Actuarial Services - Associate/Sr Associate/ AM/ Manager - Mumbai

    1 month ago

    Mumbai, India BDO in India Full time

    About CompanyBDO India LLP is the India member firm of BDO International. BDO India offers strategic, operational, accounting, tax & regulatory advisory and assistance for both domestic and international organisations across a range of industries. We are led by more than 300 Partners & Directors with a team of over 8500 professionals operating across 13...

  • Actuarial Analyst

    4 weeks ago

    Mumbai, Maharashtra, India Swiss Re Full time

    Actuarial Analyst – L&H India Position Actuarial AnalystLevel AssociateLocation Mumbai, IndiaReporting to Team Lead, Medical Reinsurance, L&H Products Objective of Role The role will be part of the L&H India pricing team taking responsibility for product development and pricing of new Life & Health business to help the region achieve its ambitious growth...

  • Actuarial Analyst

    3 weeks ago

    Mumbai, Maharashtra, India Swiss Re Full time

    Actuarial Analyst – L&H India Position Actuarial AnalystLevel AssociateLocation Mumbai, IndiaReporting to Team Lead, Medical Reinsurance, L&H Products Objective of Role The role will be part of the L&H India pricing team taking responsibility for product development and pricing of new Life & Health business to help the region achieve its ambitious growth...

  • Senior Actuarial Intern

    1 month ago

    Mumbai, India HDFC Life Full time

    What does the job entail? The job opening is in the Actuarial modelling team which works primarily on the Life insurance software – Prophet and DCS. The team works closely with all teams in the actuarial department to troubleshoot their problems as well as model any cashflows they might need Roles and Responsibilities: The role will involve assisting the...

  • Actuarial Intern/ Senior Associate

    2 months ago

    Mumbai, India HDFC Life Full time

    What does the job entail?The job opening is in the Actuarial modelling team which works primarily on the Life insurance software – Prophet and DCS. The team works closely with all teams in the actuarial department to troubleshoot their problems as well as model any cashflows they might need Roles and Responsibilities:The role will involve assisting the...