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Assistant Managers- Actuarial Life

Date: Jan 6, 2019

Location: London, United Kingdom

Company: KPMG UK

AutoReq ID139434BR
Job TitleAssistant Managers- Actuarial Life
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 DescriptionKPMG’s Actuarial and Insurance Risk practice provides a broad range of Actuarial services, including transactions support, capital management, modelling, Solvency II, IFRS, finance transformation, financial reporting, restructuring, reserving and audit support. We work together with other KPMG technical and sector specialists to help insurance clients prepare for the future.

We also assist insurance company clients with their risk management organization, dealing with regulatory investigations, managing risks, and implementing effective solutions. Our professionals cover several sub-segments, with frequent collaboration with other Risk Consulting services including Market, Credit and Operational Risk, Enterprise Risk Management (ERM), Governance Risk and Compliance (GRC) and Internal Audit, Risk and Compliance Services (IARCS)


- Assisting in the delivery of a wide range 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.
- 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.

Current projects

- Multiple IFRS 17 impact assessments which have also led to IFRS17 implementation projects.
- Provision of actuarial expertise on finance transformation projects.
- Providing assistance to Companies undertaking mergers and acquisitions
- Helping Companies with their capital models
- Provision of actuarial expertise to support our Audit colleagues

Skills, qualifications and experience required:

- Nearly qualified Actuary with practical actuarial experience.
- Previous experience of working in the life assurance industry or life consultancy
- Strong Excel skills and VBA skills
- Detailed knowledge of UK regulatory regime for life insurers.
- Knowledge of Economic Capital and experience of modelling capital projects
- Detailed knowledge of UK reporting methodologies, e.g. UK GAAP, IFRS, FSA Returns.
- Knowledge of overseas reporting methodologies (e.g. USGAAP)
- Knowledge of Market Consistent Embedded Value techniques
- Modelling skills (e.g. Prophet, MoSes, VBA)
- Strong communication skills, both written and oral, and an ability to explain actuarial concepts to non-actuaries.
- A broad knowledge of life assurance products and knowledge of with-profits products
- Flexible and enjoy working on a wide range of projects.
- Travel is likely to be required for lengthy periods.

Multiple Positions
Opening Date: 13/11/2018
Closing Date: 11/12/2018
Salary: Competitive plus negotiable bonus & benefits

Our DealIf the chance to work with interesting clients and innovative technology wasn’t rewarding enough, we’ll motivate you in other ways too. At KPMG you can expect real responsibilities and opportunities to grow professionally.

‘Our Deal’ sets out all the different ways you’ll be rewarded at KPMG. Among other things you can benefit from honest conversations about your career as well as a range of other rewards. In all these ways and more, we have created an environment that can bring out the best in you.

Flexible WorkingWhile some of our client-facing professionals can be required to travel regularly, and at times be based at client sites, we are supportive where possible of helping you to achieve a balance between your home and work demands.

We are happy to discuss individual requirements and our range of flexible working arrangements could be of interest. Furthermore, as part of the recruitment process, we can put you in touch with people who work flexibly so you can understand from them what our culture is like.

Applying with a DisabilityKPMG are proud to be an inclusive, equal opportunity employer and we seek to attract and retain the best people from the widest possible talent pool. As a member of the Business Disability Forum we're committed to ensuring that you are treated fairly throughout our Recruitment Process. Should you be successful after the initial application stage, please discuss any reasonable 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 truly maximise your potential. We believe that your individuality helps us to deliver the best results for our clients. Diversity of background, diversity of experience, diversity of perspective - that's the KPMG difference. But, don't take our word for it, find out more about diversity at KPMG.

Returning to work after a break
At KPMG, we appreciate that returning to work after an extended career break can be daunting. We understand that those with experience who have taken a career break have a wealth of experience and knowledge to offer our organisation, which helps us to achieve our business goals. We will support you to refresh your skills, develop your confidence and provide a supportive network across the firm to help you best integrate into the working environment. This role welcomes applications for individuals who have been out of work for 18 months or more and who have previous relevant experience.

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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