OVERVIEWAbout KPMG in IndiaKPMG entities in India are professional 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 workplace.Key ResponsibilitiesSupport end‑to‑end IFRS 17 implementations including:Model design and validation for GMM, VFA, and PAAContract grouping and unit of accountCSM calculation, release, and analysisInterpret IFRS 17 standards and translate them into actuarial and system requirementsPerform IFRS 17 actuarial calculations using tools such as Prophet, RAFM, Moses, or AxisSupport dry runs, parallel runs, and post‑go‑live activitiesPrepare and review IFRS 17 disclosures and reconciliationsWork closely with Finance teams for actuarial–accounting alignment2. 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 submissionsEnsure consistency between Solvency II, IFRS 17, and local GAAP resultsDocument methodologies, assumptions, and governance processes3. Actuarial Modelling & SystemsDevelop, enhance,



and maintain actuarial models for Life insurance products:Participating, Non‑Participating, ULIP, Annuities, ProtectionModel cashflows, assumptions, and economic scenariosImprove model efficiency, automation, and robustnessSupport model validation, testing, and audit reviewsWork with data, IT, and systems teams during model integration4. IGAAP Valuation & Reporting (India-specific)Perform IGAAP actuarial valuations including: Reserve calculationsEmbedded Value (if applicable)Bonus valuation and policyholder liabilitiesSupport statutory reporting and IRDAI regulatory requirementsEnsure consistency between IGAAP, Solvency II, and IFRS 17 outputsAssist in statutory audits and actuarial investigations5. Stakeholder Management & DocumentationLiaise with internal stakeholders (Finance, Risk, Product, IT)Support external stakeholders (Auditors, Regulators, Consultants)Prepare actuarial documentation, methodology papers, and presentationsEnsure compliance with actuarial standards and governance controlsRequired Skills & QualificationsEducational & ProfessionalBachelor’s/master’s degree in actuarial science, Statistics, Mathematics, or related fieldProgress toward IFoA / IAI / SOA / CAS actuarial qualification (Associate or Fellow preferred)Technical SkillsStrong knowledge of: IFRS 17Solvency IINon - Life Insurance ProductsIGAAP actuarial valuation.Equal employment opportunity information KPMG India has a policy of providing equal opportunity for all applicants and employees regardless of their color, caste, religion, age, sex/gender, national origin, citizenship, sexual orientation, gender identity or expression, disability or other legally protected status. KPMG India values diversity and we request you to submit the details below to support us in our endeavor for diversity. Providing the below information is voluntary and refusal to submit such information will not be prejudicial to you.

📌 Actuarial Non Life Domain - Ad (Maharashtra)
🏢 KPMG India
📍 Maharashtra