Analyst

The interview process typically starts with a timed online aptitude test, followed by a technical interview where candidates solve actuarial case studies and demonstrate Excel modelling skills. The final HR round focuses on communication, teamwork and cultural fit. Overall difficulty is moderate; thorough preparation of actuarial fundamentals and practice of quantitative tests greatly improve success chances.

KGS Actuarial Services promotes a collaborative environment where analysts receive mentorship from senior actuaries and have regular opportunities to upskill. The team balances challenging client projects with a supportive work‑life balance, encouraging continuous learning and professional growth.

Graduate or Post‑graduate in Mathematics, Statistics, Actuarial Science, Economics, Engineering or related fields with minimum 60% aggregate. 0‑1 years of experience in insurance or finance. Must be a member of IFoA (UK), SoA/CAS (US) or IAI (India) and have cleared at least four actuarial exams from any of these institutes. No active backlogs at the time of application. Freshers from the 2024‑2026 batches are encouraged to apply.

Round 1: Online aptitude test (quantitative, logical reasoning, verbal) → Round 2: Technical/domain interview focusing on actuarial concepts, Excel modelling and case studies → Round 3: HR interview assessing cultural fit, communication skills and career aspirations

KGS Actuarial Services is a specialised arm of KPMG Global Services that delivers end‑to‑end actuarial solutions to KPMG member firms across the UK, US and other geographies. Operating on a team‑extension model, KGS blends deep actuarial expertise with cutting‑edge technology, allowing its analysts to work on high‑impact projects such as IFRS 17 implementation, Solvency II regulatory reporting, and machine‑learning‑driven non‑life reserving. The Bangalore hub is one of the largest actuarial centres in India, known for its collaborative culture, continuous learning opportunities, and exposure to global clients. The Analyst role is designed for fresh graduates or candidates with up to one year of experience who are passionate about general insurance and actuarial science. As a core member of the Non‑life (General Insurance) team, you will support senior actuaries in delivering actuarial opinions, reserve calculations, and regulatory submissions for re‑insurance and primary insurers. The position offers a blend of quantitative analysis, client interaction, and technology‑driven modelling, making it an ideal launchpad for a career in actuarial consulting. Key responsibilities include: 1. Analysing historical claims data to identify trends, anomalies and potential reserving issues. 2. Building and maintaining Excel‑based actuarial tools, applying triangulation and chain‑ladder methods for loss reserve estimation. 3. Preparing Statements of Actuarial Opinion (SAO) and supporting actuarial audit engagements. 4. Reviewing data, assumptions and methodologies against market benchmarks. 5. Reconciling current year results with prior year outcomes and client expectations. 6. Assisting in the review and customisation of non‑life pricing models. 7. Contributing to Solvency II technical provisions and Economic Balance Sheet reviews for regulatory filings. 8. Supporting clients in understanding and implementing new regulations such as IFRS 17 and Solvency II. 9. Providing transaction due‑diligence support and actuarial system transformation assistance. 10. Preparing concise commentary and summary reports for senior stakeholders and participating in engagement meetings. The tech stack primarily revolves around advanced Excel, VBA, and actuarial software (e.g., Prophet, Moses). Familiarity with statistical programming languages such as R or Python, SQL for data extraction, and basic machine‑learning concepts is advantageous. The growth path typically follows Analyst → Senior Analyst → Manager → Associate Director → Director, with regular up‑skilling through internal training, actuarial exam sponsorship, and cross‑functional project exposure. Why join KGS? You will work alongside some of the most experienced actuaries in India, gain direct exposure to global KPMG member firms, and be part of a culture that values mentorship, innovation, and work‑life balance. The role offers a fast‑track to professional actuarial qualifications, competitive compensation, and the chance to influence major insurance transformations worldwide.