Senior - Life Actuarial

1 month ago


Bangalore, India KPMG Full time
Job Description

We are recruiting a Senior in the Actuarial Services team. The responsibilities will include:

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.

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

Qualifications

Qualifications: Graduate/Post graduate with a strong background in mathematics and statistics

4 - 6 years of relevant Actuarial experience. Member of Institute of Actuaries (UK) , SoA and CAS of US and/or Institute of Actuaries of India and must have passed significant actuarial exams from any of these institutes.

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