OVERVIEW

About KPMG in India

KPMG 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 environment.

Location: Mumbai, India

Experience: 8–12 Years

Qualification: Qualified or Nearly Qualified Actuary (IFoA/IAI)

About the Role

We are seeking an experienced Actuarial professional to join our team in Mumbai. The ideal candidate will bring deep expertise in actuarial modelling, financial reporting, and regulatory reporting within the life insurance sector. The role requires solid technical proficiency in Prophet and hands-on experience with IFRS 17 implementation initiatives.

Key Responsibilities

- Lead actuarial modelling, valuation, and financial reporting activities for life insurance portfolios.
- Drive implementation and enhancement of IFRS 17 reporting frameworks, including Prophet libraries and Integrated Data Repository (IDR) solutions.
- Develop, validate,



and maintain actuarial models for financial and regulatory reporting requirements.
- Support business planning, experience studies, reserving, and capital management activities.
- Work closely with finance, risk, and business stakeholders to deliver actuarial insights and reporting solutions.
- Review model assumptions, methodologies, and governance processes to ensure compliance with internal and regulatory requirements.
- Mentor junior team members and contribute to actuarial capability development.
- Participate in client engagements, transformation projects, and process improvement initiatives where applicable.

Required Skills & Experience

- 8–12 years of actuarial experience within a Life Insurance company or a Consulting firm.
- Strong hands-on expertise in Prophet, including experience in IFRS 17 library implementation and IDR.
- Good understanding of actuarial valuation, reserving, and financial reporting processes.
- Experience working with cross-functional teams and managing stakeholder expectations.
- Qualified or nearly qualified member of Institute and Faculty of Actuaries (IFoA) or Institute of Actuaries of India (IAI).
- Strong analytical, problem-solving, and communication skills.

Preferred Skills

- Experience with RAFM, Pathwise, or AXIS actuarial modelling platforms.
- Exposure to Solvency II, Risk-Based Capital (RBC), or other regulatory reporting frameworks.
- Experience in actuarial transformation, model migration, automation, or system implementation projects.
- Prior team management or project leadership experience.

📌 Manager/Senior Manager - Actuary (Life) (Mumbai)
🏢 KPMG India
📍 Mumbai