Actuarial Manager

Who are we?

KPMG in Bahrain employs over 350 professionals and partners. We provide our clients with a suite of locally supported Audit, Tax, and Advisory services. We recruit the best and brightest from around the world and currently have a workforce representing over 20 countries across our teams. We also pride ourselves on our ability to attract, nurture, and empower local talent.

The role

KPMG's Audit and Advisory practice is one of the largest businesses worldwide and a major growth area for our organization. We focus on the Finance Function and help clients identify and tackle challenges in Growth, Governance, and Performance. This role requires support of audit teams to review actuarial processes, calculations, and assumptions used by clients predominantly in the insurance sector as well as for pension benefit calculations. Our Advisory teams also support businesses as they restructure and expand, whether organically or by acquisition.

Responsibilities/Accountabilities

• The person should primarily be required to provide technical support for the audit of actuarial items recorded on the financial statements of insurance companies
• To assist non-audit clients in the technical and procedural aspects of financial reporting, including the requirements of the IFRS 17, the implementation of new systems, and the review of the accuracy and effectiveness of existing actuarial calculations and processes
• Working in our multi-disciplined teams, you will apply your talents to a wide variety of complex, demanding, and high-profile transactions from acquisitions and mergers to flotations and buy-outs
• Identification of key issues and carrying out the relevant actuarial analysis and impact
• To undertake smaller assignments or assist in larger assignments, reporting to a Director or Partner, with their limited supervision
• Preparation of good reports for documentation in the audit file, including review of sections compiled by other team members on the job
• Management of and contribution to the development of junior staff, including timely and objective feedback on every job
• Establishing credibility with clients/targets as a representative of KPMG
• Maintaining business contacts at middle/senior levels (i.e., it is our expectation that managers will make a positive commitment to maintaining contact with people they meet on transactions, who may become important providers of work in the future)
• To actively participate in compiling proposals/business development activities
• To contribute to the effective working of the team and the development of team morale
• Ensure that risk documentation is completed for all jobs on a timely basis as per the applicable T&R technical/risk management policies
• To contribute to practice development initiative, if possible – sales, people, solution development, etc

The Individual

• Member of the Institute of Actuaries (e.g., UK, India)
• Graduate/Postgraduate with a strong background in mathematics or statistics
• In-depth understanding of IFRS 17
• Experience with data analysis, including data capture and data transformation; ETL tools, including Alteryx, and visualization tools, including Power BI
• Experience with analytical tools, including Python, PySpark, Apache Spark, DAX Studio, Tabular Editor, JavaScript, or D3.js would be a bonus
• Have 5-7 years of experience in Actuarial Services, life and non-life, or in a similar environment (Audit and accounting firms)

Why joining KPMG is beneficial for you :

It is more than a career opportunity! It is a chance to join a high-performing team that delivers a broad range of solutions to clients across different industries

• We’re fully committed to developing a lifelong learning culture
• We recognize potential, nurture talent, and reward high performance
• We offer tax-free income

If this is your first international assignment, no need to worry! We will support you with the transition and relocation to make sure that it is as smooth and hassle-free as possible, through the following

• Immigration and Visa support
• Hotel Accommodation
• Cash Advances
• Annual Tickets
• Relocation Allowance