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Location: Bristol, Edinburgh, London, Manchester

Capability: Consulting

Experience Level: Associate/Assistant Manager

Type: Full Time or Part Time

Service Line: Actuarial and Ins Risk

Contract type: Permanent

Job description

Assistant Manager – Non Life Actuarial

KPMG Overview :
KPMG is part of a global network of firms that offers Audit, Tax & Legal, Consulting, Deal Advisory and Technology services. Through the talent of over 16,000 colleagues, we bring our creativity and insight to our clients’ most critical challenges.
With offices across the UK, we work with everyone from small start-ups and individuals to major multinationals, in virtually every industry imaginable. Our work is often complex, yet our vision is simple: to be the clear choice for our clients, for our people and for the communities we work in.

The role:
We are seeking additional Assistant Managers to continue to support the length and breadth of actuarial based services, in our core propositions, namely: reserving; capital; and pricing projects, as well as exposure to ad-hoc projects outside of this.

Responsibilities:

The ideal candidate will be able to assist the engagement team on any of our core propositions, namely: reserving, capital, and pricing projects.

• 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 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
• 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.
• As well as project delivery responsibilities, the role involves 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.

The Person

• 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 would be helpful.
• Experience in reserving 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
• Have a 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 Lloyd’s market experience;
• 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.

Why Consulting at KPMG?

Technology is a critical focus for us. It underpins everything we do. We're investing in technology like never before – not least because the pace of technological change is disrupting organisations in new and challenging ways. Through advanced data analytics and emerging tech-enabled solutions like AI and machine learning, we're helping clients across diverse sectors to navigate that change. We enable them to avoid any unnecessary risks and to uncover new, transformative opportunities that could give them a competitive edge. A career here means stretching your skills and honing your expertise by solving complex problems as part of a collaborative, results-driven and supportive team. Whether we're helping our clients to reduce their costs, make better decisions, improve efficiencies or deploy the latest technologies, we bring together broad specialisms and talents to deliver robust, connected solutions.