Actuarial Consultant - Non Life in London

The KPMG Actuarial Consulting function is a cornerstone of our business. Operating from our major UK offices, 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 have supported the UK through times of war and peace, prosperity and recession, political and regulatory upheaval. We have 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 Customer Experience & Digital, Strategy, Forensic, Risk & Regulatory, People and Talent, and Operational & Financial Transformation, through to Cyber and Technology, we immerse ourselves in our clients' organisations, applying sector knowledge and technology solutions to deliver the best possible outcomes.

What you will be doing:

As a Qualified Actuarial Consultant at KPMG, you will take a lead delivery role, managing small teams 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 works with range from FTSE100 and global (re)insurers to smaller specialist insurers. You will have the opportunity to work on a wide range of projects from Solvency II support (e.g., IMV and Capital modelling support) to Financial Transformation projects to supporting our Deals team in large fast-moving transactions. For our audit work, we review clients' reserving and capital assessments and form our 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.

What will you need to do it?

• The successful candidate must be nearly or newly qualified actuary with experience of working in a non-Life Actuarial Function or a Non-Life Consultancy with direct UK experience.
• Risk Pricing Model Development: Hands-on experience building models using one or more of the following platforms: Akur8, Quantee, Optalitix, HX Renew, Earnix, or Radar.
• Modern Optimisation Techniques: Strong understanding of contemporary optimisation methods applied in pricing or underwriting contexts.
• Replatforming Experience: Proven track record of migrating pricing models from legacy tools (e.g., Excel raters) to modern platforms or frameworks.
• Python Proficiency: Solid coding capability in Python, particularly for pricing, data manipulation, or automation tasks.
• Data Enrichment Familiarity: Experience working with third-party data sources such as LexisNexis, Dun & Bradstreet (D&B), and FullCircl.
• Feature & Data Engineering: Skilled in transforming raw data into meaningful features for use in predictive models or pricing algorithms.
• Knowledge of regulatory regimes/reporting standards (Solvency II, GAAP, IFRS), issues and products for UK non-life insurers.
• The capability to manage concurrent engagements and play a part in shaping and implementing KPMG's tailored solutions.
• Strong technical and communication skills (both written and oral) and the ability to deal with clients and senior personnel from day one.
• Strong coaching skills to develop the capabilities of junior team members.

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.

To discuss this or wider Consulting roles with our recruitment team, all you need to do is apply, create a profile, upload your CV and begin to make your mark with KPMG.

Our Locations: 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.