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BHAVIN MUKESH ASHAR
A17/6, Shree Ram CHS, Shree Ram Nagar, S.V.Road, Andheri (west), Mumbai 400 058
Mobile: +91 99305 92347 Email: bhavin.m.ashar@gmail.com
CAREER OBJECTIVE
To contribute to the value of an organization by applying the knowledge gained from eight years of experience, to
shoulder higher responsibilities and expand my managerial capabilities.
WORK EXPERIENCE
Birla Sun Life Insurance Co. Ltd. (Feb 2007 till date)
Pricing Team (June 2011 onwards)
Assistant Manager
♦ Analyzing the product ideas to develop into marketable products
♦ Creating and modifying Individual Life, Pension and Health products’ pricing models in MS Excel
♦ Peer reviewing and signing off pricing models worked on by team members
♦ Preparing File & Use, Illustration tools, and other IRDA required documents pertaining to product filing
♦ Creating pricing reports and other required documents for Sun Life peer review
♦ Replying to multiple rounds of IRDA and peer review queries for timely approvals and sign-offs
♦ Coordinating with IT team to set up illustration and policy admin system. Performing UAT of these systems
♦ Managing in-force illustration project to contain the policy surrenders
♦ Taken lead initiative in development of new illustration system
♦ Ad hoc activities – Reconciliation of policyholder’s existing Unit account statement against the MS Excel
illustration, MS Excel models to provide benefit values, combo illustration tools, Reconciliation of Pricing
VNB with business plan VNB etc.
Business Plans, Embedded Value and Reporting Team (October 2007 to June 2011)
Senior Executive
Business Plans and DCAT (Dynamic Capital Adequacy Testing)
♦ Involved in finalizing business plan assumptions along with the Appointed Actuary and Finance Team
♦ Modeled datasets to project policy level cash flows and managed various scenarios’ dataset runs in AXIS
♦ Unitized and projected the business plan cash flows with the planned volumes
♦ Improvised MS Excel models/macros to process the AXIS cash flows and built a parallel model to present
product wise business plan numbers
♦ Addressed queries and explained plan numbers to Finance team, and presented to CFO/ CEO
♦ Worked closely with Appointed Actuary and finance team to finalize the business plan numbers
♦ Supported Sun Life RO for DCAT exercise with required AXIS dataset runs and financial information
♦ Documented business plan assumptions and process notes
Embedded Value and Reporting
♦ Involved in finalizing EV assumptions
♦ Planned and implemented the dataset runs
♦ Prepared final EV / VNB numbers using MS Excel models and analyzed results for accuracy
♦ Presented Base and Sensitivity results to Finance team
♦ Carried out Analysis of Change in EV exercise – A set of consecutive runs done on year start datasets, by
unlocking each change at a time to arrive at the yearend EV numbers
♦ Assisted in Analysis of Surplus exercise
Reinsurance and Experience Studies (February 2007 to October 2007)
Trainee
♦ Computed monthly reinsurance premium figures for individual business and booked with accounts
♦ Attended to reinsurer’s and auditor’s queries and balance confirmations
♦ Computed reinsurance figures for statutory reporting to IRDA and Sun Life reporting
♦ Assisted in Experience Studies
Universal Agencies (April 2002 to February 2003)
♦ Managed Distribution and Sales Return profile, Delegated and supervised distribution work, tallied daily
Sales / Sales Return with Cash & Bank and Accounts Receivable.
♦ Involved in the strategic planning with the business head in the process of maintaining and improving the
financial position of the business.
♦ Administrative support to the business head by way of handling Cash and Bank Deposits, updating Sales /
Sales Return Accounts, negotiated with the customers and resolved discrepancies with Debtors.
ACADEMIC QUALIFICATION
♦ Cleared subjects CT1, CT3, CT7 and CT9 from Institute of Actuaries of India
♦ Post Graduate Diploma in Actuarial Science from the SNDT University, Mumbai
♦ Bachelor of Commerce – University of Mumbai (N.M. College of Commerce and Economics)
FORMAL TRAINING ATTENDED
♦ AXIS
♦ MS Office
♦ SQL
♦ C, C++, VB, HTML, Java
INTER PERSONAL SKILLS
♦ Fast learner
♦ Effective communicator
♦ Innovative
♦ Logical & Analytical
OTHER INTERESTS
Traveling, Photography, Trekking, Astronomy, Swimming, Listening music, Driving

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Bhavin Ashar_Resume_201504

  • 1. BHAVIN MUKESH ASHAR A17/6, Shree Ram CHS, Shree Ram Nagar, S.V.Road, Andheri (west), Mumbai 400 058 Mobile: +91 99305 92347 Email: bhavin.m.ashar@gmail.com CAREER OBJECTIVE To contribute to the value of an organization by applying the knowledge gained from eight years of experience, to shoulder higher responsibilities and expand my managerial capabilities. WORK EXPERIENCE Birla Sun Life Insurance Co. Ltd. (Feb 2007 till date) Pricing Team (June 2011 onwards) Assistant Manager ♦ Analyzing the product ideas to develop into marketable products ♦ Creating and modifying Individual Life, Pension and Health products’ pricing models in MS Excel ♦ Peer reviewing and signing off pricing models worked on by team members ♦ Preparing File & Use, Illustration tools, and other IRDA required documents pertaining to product filing ♦ Creating pricing reports and other required documents for Sun Life peer review ♦ Replying to multiple rounds of IRDA and peer review queries for timely approvals and sign-offs ♦ Coordinating with IT team to set up illustration and policy admin system. Performing UAT of these systems ♦ Managing in-force illustration project to contain the policy surrenders ♦ Taken lead initiative in development of new illustration system ♦ Ad hoc activities – Reconciliation of policyholder’s existing Unit account statement against the MS Excel illustration, MS Excel models to provide benefit values, combo illustration tools, Reconciliation of Pricing VNB with business plan VNB etc. Business Plans, Embedded Value and Reporting Team (October 2007 to June 2011) Senior Executive Business Plans and DCAT (Dynamic Capital Adequacy Testing) ♦ Involved in finalizing business plan assumptions along with the Appointed Actuary and Finance Team ♦ Modeled datasets to project policy level cash flows and managed various scenarios’ dataset runs in AXIS ♦ Unitized and projected the business plan cash flows with the planned volumes ♦ Improvised MS Excel models/macros to process the AXIS cash flows and built a parallel model to present product wise business plan numbers ♦ Addressed queries and explained plan numbers to Finance team, and presented to CFO/ CEO ♦ Worked closely with Appointed Actuary and finance team to finalize the business plan numbers ♦ Supported Sun Life RO for DCAT exercise with required AXIS dataset runs and financial information ♦ Documented business plan assumptions and process notes Embedded Value and Reporting ♦ Involved in finalizing EV assumptions ♦ Planned and implemented the dataset runs ♦ Prepared final EV / VNB numbers using MS Excel models and analyzed results for accuracy ♦ Presented Base and Sensitivity results to Finance team
  • 2. ♦ Carried out Analysis of Change in EV exercise – A set of consecutive runs done on year start datasets, by unlocking each change at a time to arrive at the yearend EV numbers ♦ Assisted in Analysis of Surplus exercise Reinsurance and Experience Studies (February 2007 to October 2007) Trainee ♦ Computed monthly reinsurance premium figures for individual business and booked with accounts ♦ Attended to reinsurer’s and auditor’s queries and balance confirmations ♦ Computed reinsurance figures for statutory reporting to IRDA and Sun Life reporting ♦ Assisted in Experience Studies Universal Agencies (April 2002 to February 2003) ♦ Managed Distribution and Sales Return profile, Delegated and supervised distribution work, tallied daily Sales / Sales Return with Cash & Bank and Accounts Receivable. ♦ Involved in the strategic planning with the business head in the process of maintaining and improving the financial position of the business. ♦ Administrative support to the business head by way of handling Cash and Bank Deposits, updating Sales / Sales Return Accounts, negotiated with the customers and resolved discrepancies with Debtors. ACADEMIC QUALIFICATION ♦ Cleared subjects CT1, CT3, CT7 and CT9 from Institute of Actuaries of India ♦ Post Graduate Diploma in Actuarial Science from the SNDT University, Mumbai ♦ Bachelor of Commerce – University of Mumbai (N.M. College of Commerce and Economics) FORMAL TRAINING ATTENDED ♦ AXIS ♦ MS Office ♦ SQL ♦ C, C++, VB, HTML, Java INTER PERSONAL SKILLS ♦ Fast learner ♦ Effective communicator ♦ Innovative ♦ Logical & Analytical OTHER INTERESTS Traveling, Photography, Trekking, Astronomy, Swimming, Listening music, Driving