Actuarial Assistant Manager - Non Life Reserving

Actuarial Assistant Manager – Non-Life – Reserving

Location: London, Manchester and Edinburgh plus network of 20 offices nationally:

KPMG UK offices | KPMG UK

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. We've proudly stood beside the institutions and businesses which make the UK what it is.

By encompassing a wide range of disciplines across a breadth of 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 and get it right first time.

Why Join KPMG as a Actuarial Assistant Manager – Non-Life - Reserving?

As a Nearly Qualified Actuarial Consultant at KPMG you take a delivery role, joining a team of advisors and auditors 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. You get the opportunity to work on a wide range of projects from reserving, pricing transformations to governance to data enrichment.

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 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?

• Be a Newly or Nearly qualified Actuary, with significant practical actuarial experience
• Good experience of working in a non-life consultancy along with Audit, Validation and stress testing.
• Experience in reserving a key requirement
• Proven track record in analytical or pricing leadership with experience in the London Market
• Good understanding of actuarial modelling and pricing platforms (e.g. Excel-based models, Python, Hx Renew)
• Familiarity with underwriting processes and data requirements
• Understanding of regulatory requirements relevant to pricing governance

Skills we’d love to see/Amazing Extras:

• Previous experience gained within a consultancy, but we are open to considering Qualified Actuaries who come from within the General Insurance industry, but can demonstrate the abilities needed to work supporting senior management efforts to cultivate and maintain target client relationships, including assisting with proposals and the development of sales materials

Our Locations:

We are open to talk to Newly or Nearly Qualified Actuarial talent across the country but our core hubs for this role are:

• Edinburgh
• London Canary Wharf
• Manchester

With 20 sites across the UK, we can potentially facilitate office work, working from home, flexible hours, and part-time options. If you have a need for flexibility, please register and discuss this with our team.

Find out more:

Within Consulting we have a range of divisions and specialisms. Click the links to find out more below:

• Consulting at KPMG: www.kpmgcareers.co.uk/experienced-professional/consulting/
• ITs Her Future Women in Tech programme: www.kpmgcareers.co.uk/people-culture/it-s-her-future/
• KPMG Workability and Disability confidence: www.kpmgcareers.co.uk/experienced-professional/applying-to-kpmg/need-support-let-us-know/

For any additional support in applying, please click the links to find out more:

• Applying to KPMG: www.kpmgcareers.co.uk/experienced-professional/applying-to-kpmg/
• Tips for interview: www.kpmgcareers.co.uk/experienced-professional/applying-to-kpmg/application-advice/
• KPMG values: www.kpmgcareers.co.uk/experienced-professional/applying-to-kpmg/our-values/
• KPMG Competencies: www.kpmgcareers.co.uk/experienced-professional/applying-to-kpmg/kpmg-competencies/
• KPMG Locations and FAQ: www.kpmgcareers.co.uk/faq/?category=Experienced+professionals