Senior-STAT Reporting at KPMG Global… · Bangalore

Senior-STAT Reporting

Location: Bangalore, Karnataka, India

The position in discussion is with the Managed Services team, part of our Consulting team.

The KPMG Global Services (KGS) Consulting team is a diverse team of more than 6,400 professionals. We provide consulting services to KPMG Firms worldwide to support clients’ business transformation journeys across various industries. With capabilities such as Technology Enablement, Corporate Services, Customer and Operations, Cross Functional Services, Risk Services and Managed Services, our team is a varied mix of professionals with extensive skills and expertise.

Through your work, you’ll build a global network and unlock opportunities that you may not have thought possible with access to great support, vast resources, and an inclusive, supportive environment to help you reach your full potential.

As a TL in the Managed Services Statutory & Financial reporting team, your responsibilities will be working with team of consultants and associate consultants for executing projects on behalf of international KPMG teams and clients (onshore teams). In addition, you will be required to:

• Strong background in US statutory reporting with insurance product knowledge and strong finance knowledge(Must)

• Experience the development of statistical compliance reports for insurance client, ensuring full alignment with regulatory standards and strengthening audit readiness (Must)

• Reporting experience on blue book/orange books/Green book/Yellow Book for Insurance client(Must)

• Preferred toolset experience with SQL and SAS(Must)

  • Understands how reserves change year-over-year (e.g., Analysis of Increase in Reserves)

  • Understands reinsurance – types of reinsurance, assumed and ceded, premiums, claims, reserves, etc.

  • understands basic insurance terminology (e.g., face amounts, stat reserves, fund values, etc.)

  • understands differences between product types (e.g., UL vs Term or Fixed Annuity vs Variable Annuity)

• Understand client needs and structure capabilities and work to the client expectations

• Able to work with large amounts of detail data (usually this is done using SQL, SAS, or some other similar technology)

• Manage engagement delivery and work in collaboration with onshore/offshore team

• Able to create a timeline that takes into account the inter-dependencies of schedules and footnotes

• Adhere 100% to hygiene factors such as timesheets and training hours

Educational qualifications

• CA/CPA/MBA/Actuary student or equivalent post graduation/ diploma with minimum 3 years of relevant work experience

  • Stat accounting background, preferably with blue book/orange books/Green book/Yellow Book reporting experience

• Insurance domain training and certifications

Work experience

• 3-5 years of work experience

• Good knowledge of SQL ,US Statutory reports, Data Governance, Data Integrity, business processes, risk & controls testing with reference to financial and insurance domain

Mandatory technical & functional skills

Good knowledge on SQL & SAS

Working knowledge of MS Word, Excel, Visio, PDF and MS PowerPoint

Preferred technical & functional skills

Team oriented and collaborative approach with an ability to manage smaller teams

Excellent presentation skills

Exercise professional judgment and seize business opportunities