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Actuarial Manager - Non-Life Reserving Audit

Date: Nov 13, 2021

Location: London, United Kingdom

Company: KPMG UK

The Role


KPMG is advisor and auditor to a wide range of general insurance companies, in the Retail and Commercial sectors, including within Lloyd’s and the London Market. The entities that KPMG work with range from FTSE100 and global (re)insurers to smaller specialist insurers.
We are looking for candidates to support our audit work who enjoy a combination of reviewing clients’ reserving and capital assessments and forming their own independent assessments – this is the process we use widely when we provide specialist support on audits. Our practitioners have benefited by improving the breadth of their knowledge of reserving and getting exposure to and engagement with senior leadership within the insurance industry.
KPMG have defined and embedded processes within their audit work, and so it is well suited to flexible working arrangements with the process enabling careful planning of workload and foresight of timelines agreed in advance.
As a General Insurer actuarial practitioner, you can expect to provide specialist support on audits for a number of these entities. You will either have the following skills or want to develop these skills and expertise:

There may also be opportunities to deliver on our advisory work during the Audit quiet time which could include leading engagements teams and working as part of a multi-disciplinary team

For this role, you will either have the following skills or want to develop these skills and expertise:

• Professional scepticism, when assessing reserves and capital calculations requiring a high degree of judgement for statutory and regulatory purposes
• A good knowledge of standard actuarial reserving techniques, and application of these techniques for a variety of reporting
• Stakeholder management and communication with the most senior leadership of insurance and other organisations
• Working with large datasets and with sparse data to assess judgements made
• Working and collaborating with other non-actuarial colleagues within KPMG, primarily with an auditing and accounting background”
• Assisting in the delivery of client engagements, working as part of a project team on client sites
• Providing a high-quality advisory service to our clients
• 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 will be required to manage small to medium sized 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

The Person

Qualifications and Skills:

The successful candidate is expected to be a qualified actuary. They will have experience of working in a non-Life Actuarial Function or a Non-Life Consultancy.

• The capability to manage concurrent engagements and play a part in shaping and implementing KPMG's tailored solutions.
• Must be able to produce deliverables to a high standard that are ready for final review, with a complete and comprehensive audit trail.
• The ability to develop productive relationships that bring in business
• Strong technical and communication skills (both written and oral) and the ability to deal with clients and senior personnel from day one
• Flexibility and an enjoyment of working on challenging projects, and interacting with teams from other business groups
• Strong project and people management skills, and an ability to structure task allocations around critical goals
• Strong coaching skills to develop the capabilities of junior team members
• Advanced Excel skills.
• Knowledge of UK regulatory regime for non-life insurers.
• Knowledge of UK reporting methodologies, e.g. UK GAAP, IFRS, FCA Returns.
• 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
• Modelling (eg Igloo, ReMetrica);
• Programming (eg VBA, .NET);
• Must be flexible and enjoy working on a wide range of projects.

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