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Manager - Actuarial at KPMG Global… · Bangalore
ExperiencedOn-siteFull-timeBangalore, Karnataka, India
Job Description
Manager - Actuarial
Location: Bangalore, Karnataka, India
•Proposed designation: Manager
•Role type: Individual Contributor
•Reporting to: Director / Partner
•Geo to be supported: US
•Work timings: 11.30 to 20.00
•Work mode: Hybrid
A.Technical and Communication:
Actuarial Audits:
•Audit of the client’s half-yearly and yearly actuarial reserves for true and fair view.
•Review of USGAAP and US Stat methodology, model changes, assumptions, cash flows, controls and results
•Independent policy level recalculations of US Life and Annuities products.
•Work with broader audit teams and clients to lead on part of the audits.
Advisory support
•Modelling and model validation support on multiple actuarial platforms.
•Appraisal Value/Transactions/Embedded Value Review: Provide transaction and due diligence support to the client; including performing independent validation of Actuarial calculations.
•Assist client with understanding and implementing the new regulations e.g. LDTI, etc.
•Assist with actuarial system transformation.
B. Managerial:
•Perform as an engagement manager on audit and advisory engagements. As we operate in a team extension model a KGS engagement manager has the same opportunity as that of an onshore engagement manager. Communicate with engagement managers/Directors/partners with member firms and build strong professional relationship.
•Responsible for managing the performance of their reportees Understand the organization targets and take ownership of its implementation.
Provide regular updates to stakeholders and discuss solutions to potential problem areas Assist in day-to-day management activities including MI reporting.
Educational qualifications
•Graduate/Post-graduate with a strong background in mathematics and statistics
Work experience
•8-12 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.
Mandatory Skills
•USGAAP and USSTAT exposure, including review of methodology, modelling and model changes, experience analysis and assumptions, data, results and association documentation.
•Knowledge of US annuity products (FIA, VA, MYGA and IA).
•Ability to understand and interpret Actuarial professional/technical standards and regulations.
•Excellent written and verbal communication skills
Preferred Skills
•Knowledge of modelling software like Prophet, Axis or languages like Python etc
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