Actuarial Assistant Manager (Non-Life)

Actuarial Assistant Manager - Non-Life - KPMG - Consulting

The KPMG Consulting function is a cornerstone of our business. Operating from London, we do work that matters, serving the country with diligence and expertise.

KPMG is one of the world's largest and most respected consultancies. We've supported the UK through times of war and peace, prosperity and recession, political and regulatory upheaval.

By encompassing a wide range of disciplines across areas such as Strategy, Forensic, Risk and Regulatory, People and Talent, and Operational and Financial Transformation, we become immersed in our clients' organisations, applying sector knowledge and technology solutions to deliver the best possible outcomes.

Why Join KPMG as an Actuarial Assistant Manager - Non-Life?

We are seeking additional Assistant Managers to support actuarial based services in our core propositions, namely: reserving, capital, and pricing projects, as well as exposure to ad-hoc projects.

What will you be doing?

• Calculation of reserves, using different assumptions, by applying a variety of actuarial techniques.
• Ability to review reporting outputs.
• Ability to use existing knowledge of reporting and apply it to the UK reporting methodologies, e.g. UK GAAP, IFRS, FCA Returns.
• Assist in completing due diligence in advance of transactions.
• Ability to perform basic actuarial calculations such as loss ratios and IBNR.
• Assisting in the delivery of client engagements, working as part of a project team on client sites.
• Providing technical input to a number of projects.

What will you need to do it?

• Nearly qualified Actuary, with significant practical actuarial experience.
• Significant experience of working in a non-life consultancy along with Audit, Validation and stress testing experience.
• Experience in reserving is a key requirement as well as experience in pricing and capital.
• Experience of preparing benchmarks.
• Experience of working in a financial services firm.
• Experience of working in an emerging market.
• Strong network base across UK and emerging markets.
• Strong Excel skills.
• Knowledge of UK regulatory regime for non-life insurers.
• Knowledge of UK reporting methodologies, e.g. UK GAAP, IFRS, PRA Returns.
• Proficient in SAS.
• Knowledge of Solvency II pillars, particularly the quantitative requirements.
• Strong communication skills, both written and oral, and an ability to explain actuarial concepts to non-actuaries.
• A broad knowledge of non-life insurance products.
• Flexible and enjoy working on a wide range of projects.

Key Skills:

• Supporting senior management efforts to cultivate and maintain target client relationships, including assisting with proposals and the development of sales materials.
• Drafting reports and presentations.
• Managing projects.
• Working with other KPMG teams and providing technical input.
• The successful candidate may be required to manage small teams.
• Supporting other aspects of the team's work including sales and marketing, research and development of new services, and knowledge management.
• Maintain a strong record of progress in the actuarial examinations.

Our Locations:

We are open to talk to Actuarial Assistant Manager - Non-Life in the UK as this is where the team is based. With 20 sites across the UK, we can potentially facilitate office work, working from home, flexible hours, and part-time options.