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- Tasks: Join KPMG as an Actuarial Assistant Manager, focusing on reserving, capital, and pricing projects.
- Company: KPMG is a leading global consultancy known for its expertise and commitment to impactful work.
- Benefits: Enjoy flexible working options, including remote work and part-time opportunities across 20 UK locations.
- Why this job: Be part of a dynamic team delivering critical actuarial services while developing your skills in a supportive environment.
- Qualifications: Nearly qualified actuary with practical experience in non-life consultancy and strong Excel skills required.
- Other info: Opportunity to manage small teams and engage in diverse projects while maintaining a strong exam progress.
The predicted salary is between 43200 - 72000 £ per year.
Actuarial Assistant Manager – Non-Life – KPMG – Consulting
www.kpmg88careers.co.uk/experienced-professional/#LeBlender.OfficeLocations
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?
We are seeking additional Assistant Managers to continue to support the length and breadth of actuarial based services, in our core propositions, namely: reserving; capital; and pricing projects, as well as exposure to ad-hoc projects outside of this.
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?
- 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.
Key Skills;
- 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.
Our Locations:
We are open to talk to Actuarial Assistant Manager – Non-Life in the UK as this is where the team is based.
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
Actuarial Assistant Manager - Non Life employer: KPMG
Contact Detail:
KPMG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Assistant Manager - Non Life
✨Tip Number 1
Familiarize yourself with the specific actuarial techniques mentioned in the job description, such as reserving and pricing. Being able to discuss these methods confidently during your interview will demonstrate your expertise and readiness for the role.
✨Tip Number 2
Leverage your network within the UK and emerging markets to gather insights about KPMG's work culture and projects. This can help you tailor your responses in interviews and show that you understand the company's environment.
✨Tip Number 3
Brush up on your knowledge of UK regulatory regimes and reporting methodologies like UK GAAP and IFRS. Being well-versed in these areas will not only boost your confidence but also make you a more attractive candidate.
✨Tip Number 4
Prepare to discuss your experience with project management and team leadership. Highlight any instances where you've successfully managed small teams or contributed to client engagements, as this aligns with the responsibilities of the role.
We think you need these skills to ace Actuarial Assistant Manager - Non Life
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Actuarial Assistant Manager position. Understand the key responsibilities and required skills, such as experience in reserving, pricing, and capital projects.
Highlight Relevant Experience: When writing your CV and cover letter, emphasize your practical actuarial experience, especially in non-life consultancy. Mention specific projects or tasks that align with the responsibilities outlined in the job description.
Showcase Technical Skills: Demonstrate your strong Excel skills and knowledge of UK regulatory regimes and reporting methodologies. Include any relevant software or tools you are proficient in, such as SAS or experience with Solvency II.
Communicate Effectively: Since strong communication skills are essential for this role, ensure your application materials are clear and concise. Be prepared to explain complex actuarial concepts in a straightforward manner, as this will be crucial in your potential interviews.
How to prepare for a job interview at KPMG
✨Understand Actuarial Techniques
Make sure you are well-versed in various actuarial techniques, especially those related to reserving, pricing, and capital projects. Be prepared to discuss how you've applied these techniques in your previous roles.
✨Familiarize Yourself with UK Reporting Methodologies
Since the role requires knowledge of UK GAAP, IFRS, and FCA Returns, brush up on these reporting methodologies. You might be asked to explain how they impact actuarial calculations during the interview.
✨Showcase Your Communication Skills
Strong communication skills are essential for this position. Be ready to demonstrate your ability to explain complex actuarial concepts to non-actuaries, as this will likely come up in your discussions.
✨Prepare for Team Management Questions
As the role may involve managing small teams, think about your leadership experiences. Prepare examples that showcase your ability to lead projects and collaborate effectively with others.
