Actuarial Manager – Non-Life Reserving

November 15, 2023

Job Description

Job title: Actuarial Manager – Non-Life Reserving

Company: KPMG

Job description: Responsibilities.

KPMG is advisor and auditor 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 work with range from FTSE100 and global (re)insurers to smaller specialist insurers.

We are looking for candidates to work within our team who can be proactive and flexible to work across a wide range of projects (both advisory work and audit work).

Our team carry out a wide range of work from Solvency II support (eg 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 forming their 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.

As a General Insurer actuarial practitioner, you can expect to provide specialist support on a range of these projects for a number of these entities. You will either have the following skills or want to develop these skills and expertise:

  • Professional scepticism, when assessing reserves and capital calculations requiring a high degree of judgement for statutory and regulatory purposes
  • A good knowledge of standard actuarial reserving techniques, and application of these techniques for a variety of reporting
  • Stakeholder management and communication with the most senior leadership of insurance and other organisations
  • Assisting in the delivery of client engagements, working as part of a project team on client sites
  • Providing a high-quality advisory service to our clients
  • Supporting senior management efforts to cultivate and maintain target client relationships, including assisting with proposals and the development of sales materials
  • The successful candidate will be required to manage small to medium sized 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

The Person

Qualifications and Skills:

The successful candidate is expected to be a qualified actuary. They will have experience of working in a non-Life Actuarial Function or a Non-Life Consultancy with direct UK experience.


  • Flexibility and an enjoyment of working on challenging projects, and interacting with teams from other business groups
  • Ability to proactively suggest innovative solutions to unique projects
  • Strong project and people management skills (with the capability to manage concurrent engagement), the ability to deal with clients and senior personnel from day one, and an ability to structure task allocations around critical goals. Strong coaching skills are required to develop the capabilities of junior team members
  • Must be able to produce deliverables to a high standard that are ready for final review, with a complete and comprehensive audit trail.
  • The ability to develop productive relationships that bring in business
  • Knowledge of regulatory regimes / reporting standards (Solvency II, GAAP, IFRS), issues and products for UK non-life insurers
  • Strong level of Modelling skills (eg Reserving software, Capital modelling software, Dashboard analysis);

Expected salary:

Location: London

Job date: Thu, 02 Nov 2023 08:42:22 GMT

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