KPMG India

Senior - Actuary

Reposted 2 Months Ago

Be an Early Applicant

Mumbai, Maharashtra, IND

In-Office

Senior level

Fintech • Professional Services • Software • Financial Services

The Role

The Senior Actuary will focus on insurance risk management, regulatory requirements, operational risks, and governance structure in insurance firms while employing analytical and technical skills.

Summary Generated by Built In

About KPMG in 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.

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Overarching skills and experience

1. technical understanding of insurance and risk

General understanding of the insurance business (incl. risk types depending on the type of insurance)
Experience in the risk management of insurance companies (incl. Operational risk, risk management cycle)
Qualitative review/enhancement and monitoring of insurance companies’ operational risk and risk management framework
Knowledge of regulatory requirements, in particular Solvency II
Understanding of 2nd line functions (e.g. risk management function, actuarial function, anti-money laundering function etc.)

2. Skills

Strong analytical thinking skills
Modeling experience (e.g. DFA, ResQ, Igloo)
Technical know-how incl. programming of use cases (e.g. with AI)

3. future-oriented topics

Knowledge of ESG risks
Understanding of cyber risks and regulatory requirements such as DORA

4. International business

Benchmark know-how and, if applicable, experience in international business expansion
Experience in the design and implementation of governance structures in insurance companies

5. SME experience

Reading comprehension German or use of translation aids

6. Eligibility

Prior experience in the risk management team an insurance company.
Actuarial papers not compulsory.
Exposure on the Operational Risks, ERM, RAF, ORSA, SII

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.
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Education / professional qualifications

Prior experience in the risk management team an insurance company.
Actuarial papers not compulsory.

Skills Required

Prior experience in the risk management team of an insurance company
General understanding of the insurance business
Strong analytical thinking skills
Modeling experience
Knowledge of regulatory requirements (Solvency II)
Reading comprehension in German
Understanding of ESG and cyber risks

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The Company

HQ: New York, NY

30,867 Employees

What We Do

KPMG entities in India are established under the laws of India and are owned and managed (as the case may be) by established Indian professionals. Established in September 1993, the KPMG entities have rapidly built a significant competitive presence in the country. Today we operate from offices across 14 cities including in Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida, Pune, Vadodara and Vijayawada. KPMG entities have a domestic client base of over 2700 companies. Our global approach to service delivery helps provide value-added services to clients. Our differentiation is derived from a rapid performance-based, industry-tailored and technology-enabled business advisory services delivered by some of the leading talented professionals in the country. KPMG professionals are grouped by industry focus and our clients are able to deal with industry professionals who speak their language. Our internal information technology and knowledge management systems enable the delivery of informed and timely business advice to clients.