KPMG in the UK is part of a global network of firms that offers Audit, Legal, Tax and Advisory services. Through the talent of over 16,000 colleagues, we bring our creativity, insight and experience to solve our clients' and communities' biggest problems. We've been doing this for more than 150 years.
We aim to be universally recognised as a place for great people to do their best work. A firm known for our collaborative and inclusive culture, using technology to empower and equip our people to deliver outstanding work with real flexibility - through inspiring workspaces, innovative ways to collaborate and hybrid ways of working.
With offices across the UK, we work with everyone from small start-ups and individuals to major multinationals, in virtually every industry imaginable. Our work is often complex, yet our mission is simple: To support the UK in a connected world. It guides everything we do, underpinned by our values: Courage, Integrity, Excellence, Together and For Better.
Summary of Role Purpose:
The KPMG Actuarial Consulting function is a cornerstone of our business. Operating from our major UK offices we do work that matters, serving the country with diligence and expertise.
As an Actuarial Senior Manager at KPMG you will take a lead delivery role, managing small teams of actuaries and possibly other insurance experts to assist a wide range of general insurance companies, in the either the Retail or 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.
For our audit work we challenge clients' reserving and capital assessments, often using reprojection to create our own independent assessments. Our advisory work takes a wide variety of forms including reserve reviews, pricing, model risk management, supporting risk function and finance transformation, assisting with the set-up of new entities, restructuring and deals support.
Our practitioners have benefited from the variety of work and entities that they get to experience, improving the breadth of their knowledge of insurance and getting exposure to and engagement with senior leadership within the insurance industry.
Description of the role:
Responsibilities:
Leading client engagement teams and in some instances working as part of a multi-disciplinary team
A high quality advisory service to our clients, taking Engagement Manager on our large and/or complex engagements
Building and maintaining strong relationships with both new and existing clients as well as building an internal KPMG network
Winning new business through marketing and sales activities and collaboration with other KPMG teams
Creation and contribution to high quality thought leadership through written publications, training events, client seminars and conferences
Contributing to the development of new products and services
Sharing knowledge and experience and contributing to the performance management and development of the team
Marketing and raising the profile of KPMG
A willingness to undertake travel will be required on occasion
Current projects include:
Wide range of Advisory projects including:
Independent reserve reviews (including Statements of Actuarial Opinions)
Provision of actuarial expertise on finance and risk transformation projects
Assistance to Companies undertaking mergers and acquisitions working alongside our Transaction services team
Pricing support to clients including assurance and technical pricing review
Helping Companies with capital modelling strategy including regulatory change
Restructuring assistance including Part VIIs and Entity structuring / group capital strategy
Provision of actuarial expertise to support our Audit colleagues
Role dimensions:
As a Senior Manager within the team, you will be responsible for leading a portfolio of Actuarial work through your role as well as proactively contributing to the growth of the service line through business and proposition development. You will establish yourself as a subject matter expert and build a strong internal and external network.
Leadership and Management -
Providing technical knowledge, coaching, and training to more junior team members. Ensures effective engagement management by achieving the required realisation, revenue and profitability targets. Day-to-day management of team on engagements including coaching, providing constructive feedback and performance development.
Impact, Risk, Accountability & Governance -
Leading one or more client engagements or components of large-scale engagements of moderate scale and complexity. Senior Managers communicate risk and issues clearly and early to Engagement Leaders as appropriate.
The Person:
Qualifications and Skills:
The successful candidate is expected to have experience of working in an Actuarial function or a non-life consultancy. They should be a qualified actuary or have sufficient standing and experience in the actuarial community that they can credibly challenge qualified actuaries, and be able to demonstrate enough of the following Experience /Knowledge attributes such that they can appropriately operate as a Senior Manager and role model in the team
Experience/Knowledge
The capability to manage concurrent engagements and play a part in shaping and implementing KPMG's tailored solutions
The ability to take ownership of projects, maintaining accountability for delivery and proactively resolving issues. This may involve leveraging themselves on more standard engagements, managing the team to produce a quality output, or getting hands-on on more complex engagements where they may need to lead the team technically
Practical experience of working through risk management processes and understanding of how complex risk issues should be managed
Flexibility and an enjoyment of working on challenging projects and interacting with teams from other business groups
Strong project and people management skills and an ability to structure task allocations around critical goals
The ability to develop productive internal and external relationships that create opportunities for the Actuarial team
The ability to identify emerging market needs and develop KPMG propositions to respond to these
Strong technical skills (both written and oral) and the ability to deal with clients and senior personnel from day one
The ability to explain actuarial concepts to non-actuaries
Knowledge of UK regulatory and reporting regimes for life insurers
Reserving, pricing and /or capital modelling experience
A broad knowledge of general insurance products and entities
Strong coaching skills to develop the capabilities of junior team members
Experience gained within either a consultancy or company environment are both advantageous
Curiosity and flexibility to new approaches
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