Executive - Life Actuarial

4 weeks ago


Gurgaon, India KPMG Full time
Job Description

We are recruiting a Life Actuarial Executive in the Actuarial Services team. The responsibilities of Executive 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.
  • US GAAP and US STAT valuation.


Modelling: Modelling of reserves, risk adjustment, 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.

Other related responsibilities
  • Assist client with understanding and implementing the new regulations e.g. IFRS 17, etc.
  • Provide assistance with actuarial system transformation


Responsibilities

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.
  • US GAAP and US STAT valuation.


Modelling: Modelling of reserves, risk adjustment, 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.

Other related responsibilities
  • Assist client with understanding and implementing the new regulations e.g. IFRS 17, etc.
  • Provide assistance with actuarial system transformation


Qualifications

  • Qualifications: Graduate/Post graduate with a strong background in mathematics and statistics
  • 2-4 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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