Associate Manager – Actuarial Advisory @ KPMG | Shape the future of insurance with data & risk insights
Passionate about actuarial science and insurance, and ready to own consulting workstreams end-to-end?
We are looking for an Associate Manager – Actuarial Advisory to join our Advisory Actuarial Team in Bucharest. You will act as a trusted advisor to insurance and financial services clients, applying advanced actuarial techniques to support audits, regulatory reporting and strategic decision-making.
The Blueprint of your Role:
- GCA Family & Sub-family: Consulting – Core Consulting
- Career Level: Level 5 – Senior Team Member 1
Why join us?
- Clarity (GCA): You have a well-defined career path. You’ll know exactly where you stand and what steps you need to take to grow within the team.
- Fair Evaluation (Korn Ferry): We don’t rely on subjective opinions. We use a global methodology that helps you understand your potential and develop accordingly.
- Smart Working: We try to automate repetitive processes as much as possible using data analytics tools, so we can focus on the things that actually matter.
What will you actually do?
You will be responsible for leading and delivering actuarial engagements for insurance clients, supporting both advisory projects and audit teams with robust actuarial analyses, valuations and insights.
Core responsibilities
- Actuarial workstreams ownership: Own end-to-end delivery of assigned actuarial workstreams (pricing, reserving, reporting), from scoping and analysis through modelling, documentation and presentation of results.
- Audit support for technical provisions & capital requirements: Assist and advise audit teams on the valuation of technical provisions and capital requirements in accordance with ROGAAP, IFRS and Solvency II, ensuring methodologies and assumptions are appropriate and well-documented.
- Actuarial modelling & insurance processes: Apply actuarial techniques across key insurance processes (Underwriting, Claims, Actuarial, Reinsurance, Accounting) and ensure that models reflect business reality and regulatory requirements.
- Data analysis & validation: Work with large data sets (policy, claims, exposure data) using tools such as Excel, Access and statistical software (e.g. R Studio) to clean, structure, analyze and validate inputs used in actuarial models.
- Advanced tooling & coding (plus): Where relevant, leverage SQL and Python (if experienced) to automate data processing, build reproducible workflows and enhance efficiency and quality of actuarial analyses.
- AI-enabled actuarial work: Use AI tools effectively by crafting efficient prompts, applying critical thinking to review AI-generated outputs, and integrating validated insights into actuarial and advisory deliverables.
- Methodology, documentation & reporting: Prepare clear technical documentation, working papers and reports that explain assumptions, methods, results and limitations in a way that is understandable to both actuarial and non-actuarial stakeholders.
- Compliance & risk management: Ensure compliance with KPMG’s Code of Conduct and Values, confidentiality policies, and all applicable regulatory requirements in the jurisdictions where we operate.
Who are you?
You are an experienced actuary who understands both the language of insurance and the language of data, and you enjoy using quantitative insight to solve complex business and regulatory problems.
Mindset & behaviors
- Analytical & structured: You can break down complex actuarial and insurance issues into clear components, structure analyses and design robust, transparent models.
- Client-focused: You listen actively to client and audit team needs, ask the right questions and translate business and regulatory requirements into practical actuarial solutions.
- Proactive & accountable: You take ownership of your workstreams, anticipate risks or issues early, and drive them to resolution with minimal supervision.
- Collaborative team player: You enjoy working as part of cross-functional teams (audit, advisory, client) and share actuarial knowledge openly to raise the overall quality of delivery.
- Ethical & confidential: You adhere strictly to professional standards, confidentiality requirements and KPMG’s Values in all client and internal work.
- Continuous learner: You actively invest in your own learning, stay current with regulatory changes (e.g. Solvency II, IFRS), and are curious about new tools (including AI and advanced analytics).
Experience & background
- Education:
- University degree in Economics, Mathematics or a related quantitative field.
- An actuarial master’s degree is an advantage.
- Professional experience:
- Preferably 3–5 years of experience within the insurance sector as a senior actuary.
- Practical exposure to core actuarial techniques (Pricing, Reserving, Reporting) and main insurance processes (Underwriting, Claims, Actuarial, Reinsurance, Accounting).
- Functional expertise:
- Solid understanding of technical provisions and capital requirement calculations under ROGAAP, IFRS and Solvency II.
- Experience preparing and reviewing actuarial reserves and supporting audit or regulatory reviews.
- Tools & methods:
- Strong working experience with large data sets using Excel and Access.
- Experience with statistical/software tools such as R Studio; familiarity with SQL and Python is a plus.
- Ability to use AI tools effectively, design efficient prompts and critically validate AI outputs before use.
- Communication & language:
- Good written and spoken Romanian & English.
- Able to explain complex actuarial concepts in clear, non-technical language to auditors, finance teams and business stakeholders.
Benefits at a glance:
- Real Development: Access to a wide range of technical and soft skills trainings, plus the opportunity to gain additional professional qualifications.
- Career Growth: Clear advancement opportunities within the Advisory practice, with exposure to diverse projects and industries.
- Flexible Working: A flexible workplace and work environment that supports smart working and work–life balance.
- Culture & Wellbeing: An internal culture that encourages you to follow your passions, various internal activities and events, plus benefits to support your health and wellbeing.
Ready to shape how insurance and risk management work in the data-driven era?
Apply now and let’s drive actuarial transformations together!
#LI-Hybrid, #LI-AP3