About KPMG in India

KPMG entities in India are skilled services firm(s). These Indian member
firms are affiliated with KPMG International Limited. KPMG was established in
India in August 1993. Our professionals leverage the global network of firms,
and are conversant with local laws, regulations, markets and competition. KPMG
has offices across India in Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram,
Jaipur, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida, Pune, Vadodara and
Vijayawada.

KPMG entities in India offer services to national and international clients in
India across sectors. We strive to provide rapid, performance-based,
industry-focused and technology-enabled services, which reflect a shared
knowledge of global and local industries and our experience of the Indian
business environment.

Key Responsibilities

* Support end‑to‑end IFRS 17 implementations including:
* Model design and validation for GMM, VFA, and PAA
* Contract grouping and unit of account
* CSM calculation, release, and analysis




* Interpret IFRS 17 standards and translate them into actuarial and system
requirements
* Perform IFRS 17 actuarial calculations using tools such as Prophet, RAFM,
Moses, or Axis
* Support dry runs, parallel runs, and post‑go‑live activities
* Prepare and review IFRS 17 disclosures and reconciliations
* Work closely with Finance teams for actuarial–accounting alignment

2. Solvency II (Pillar I, II & III)

* Perform Solvency II valuation of technical provisions (BEL, Risk Margin)
* Support SCR calculations (Standard Formula / Internal Model)
* Assist in Pillar III QRTs, narrative reports, and regulatory submissions
* Ensure consistency between Solvency II, IFRS 17, and local GAAP results
* Document methodologies, assumptions, and governance processes

3. Actuarial Modelling & Systems

* Develop, enhance, and maintain actuarial models for Life insurance products:
* Participating, Non‑Participating, ULIP, Annuities, Protection
* Model cashflows, assumpti

📌 Senior - Actuary (Gurugram)
🏢 KPMG India
📍 Gurugram