Analyst – Actuarial Services

Candidates usually face a two‑stage interview process: a technical round focusing on actuarial concepts, Excel modelling, and case studies, followed by an HR round that assesses cultural fit and motivation. The technical interview is moderately challenging, with questions on claims reserving, pricing models, and regulatory frameworks. Preparation with actuarial exam materials and Excel practice is recommended.

KPMG fosters a collaborative and inclusive environment where employees are encouraged to innovate and take ownership of projects. The firm emphasizes continuous learning, offering internal training and external certification support. Work‑life balance is promoted through flexible working arrangements and a supportive management team.

Graduate/Postgraduate with a strong background in Mathematics & Statistics. Minimum 60% in qualifying exam (or equivalent CGPA). Must have passed at least 4 actuarial exams from IFoA (UK), SOA/CAS (US), or IAI (India). No backlog allowed. Batch year 2026 or earlier.

Round 1: Technical interview – actuarial concepts and Excel skills → Round 2: Technical interview – case study and problem solving → Round 3: HR interview – cultural fit and motivation

KPMG is one of the world’s leading professional services firms, offering audit, tax, advisory and actuarial services to a diverse portfolio of clients across industries. With a strong presence in India, KPMG’s Bangalore office is a hub for actuarial consulting, providing innovative solutions in insurance analytics, regulatory compliance and financial modelling. The firm is known for its collaborative culture, emphasis on continuous learning, and a global network that enables employees to work on high-impact projects worldwide. The Analyst – Actuarial Services role is designed for fresh graduates who are passionate about mathematics, statistics and insurance. As part of the KGS Actuarial Services team, you will support non‑life (general insurance) engagements across the UK and US. Your day‑to‑day responsibilities will include analysing historical claims data, identifying trends, and building Excel‑based actuarial tools. You will also use triangulation techniques to estimate outstanding loss reserves for insurance and reinsurance companies, and assist in preparing actuarial reports and commentary for senior stakeholders. Key responsibilities: 1. Analyse claims data and identify patterns and potential issues. 2. Build and maintain Excel‑based actuarial tools. 3. Estimate outstanding loss reserves using triangulation methods. 4. Support actuarial audits and prepare Statement of Actuarial Opinions (SAO). 5. Contribute to pricing models and bespoke actuarial modelling. 6. Assist with Solvency II, IFRS and economic capital requirements. 7. Participate in transaction and due‑diligence activities. 8. Review client methodologies, assumptions and results. 9. Prepare reports and deliver presentations to engagement managers. 10. Collaborate with senior team members and cross‑functional partners. Tech stack: Microsoft Excel (advanced), VBA, SQL (basic), actuarial software such as Prophet or GGY‑BEE (optional), and data visualization tools. Growth path: Starting as an Analyst, you can progress to Senior Analyst, Actuarial Associate, Actuarial Manager and beyond, with opportunities to specialize in pricing, reserving, or regulatory consulting. KPMG offers structured training, mentorship, and the chance to work on international projects. Why join KPMG? You will work with industry leaders, gain exposure to global best practices, and build a strong foundation in actuarial science while enjoying a supportive work environment that values work‑life balance and professional growth.