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Assistant Manager - Actuarial Non-Life - 6 month FTC

Date: Jul 16, 2019

Location: London, United Kingdom

Company: KPMG UK

AutoReq ID145335BR
Job TitleAssistant Manager - Actuarial Non-Life - 6 month FTC
CountryUnited Kingdom
FunctionRisk Consulting
Service LineFRM
Service Line InformationUsing a wide variety of technical and sector-specific skills, KPMG's Risk Consulting group proactively helps clients increase profits whilst reducing reputational, operational, financial and other risks. We are experienced in managing diverse issues including fraud, regulatory compliance, risk frameworks and modelling, capital efficiency, corporate governance, dispute resolution, deriving value from contracts and much more.

As subject matter experts with a breadth of experience and specialism across industry, consulting, academia and regulators, the risk team offer the skills and levers to provoke and support complex and unique risk transformational projects in the financial services industry.

KPMG OverviewKPMG is part of a global network of firms that offers Audit, Tax & Pensions, 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.

Job DescriptionThe Role:

We are seeking additional Assistant Managers to continue to support the length and breadth of actuarial based services, in the areas listed above and beyond


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.

Skills, qualifications and experience:

- 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.

Our Deal

Flexible Working

Our employees have many varied work schedules to suit their individual needs!

Our intelligent working options range from role sharing and flexible start and finish times, to home working and more informal arrangements agreed within teams.

Check out examples of KPMG employees enjoying different working patterns on our website and please do share your own individual requirements with us.

Applying with a DisabilityAs a member of the Business Disability Forum we're committed to ensuring a great experience for colleagues with a disability. Should you be successful after the initial application stage, please discuss any adjustments that you may require with your recruitment contact.

KPMG's commitment to diversity

We are proud of the value we place on individuality. We want you to bring your full self to work and maximise your potential. KPMG is a place where everyone can thrive, whatever their gender, ethnicity, disability, sexual orientation and socio-economic background.

Policy for Agencies

KPMG has a commitment to sourcing candidates directly and as such we do not accept speculative CV’s from agencies. Please check here to see our policy on agencies: Policy

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