Kumara Datta Goparaju FIA

• Provided strong leadership to enhance team productivity and morale.
• Improved team performance by providing comprehensive training and fostering a collaborative work environment.
• Mentored junior staff members for skill development and career progression within the organization.
• Conducted performance evaluations, compensations and hiring to maintain appropriate staffing requirements.
• Increased customer satisfaction with timely project deliveries and seamless communication.
• Led a team in performing cash flow testing and migration of CFT models from legacy systems to Prophet for a US insurance firm specializing in Life, Health, and Annuities products.
• Supervised LFPB Roll-forward and outputs and disclosures for LDTI.
• Played a key role as a business actuary in a financial transformation project, converting Roll-forward of reserves from Poly systems to Snowflake.
• Supervised the modeling of Guaranteed Investment Contracts in Prophet from scratch for GAAP and STAT reporting.
• Supervised Mortality Swap audits for an investment bank.
• Led the IFRS 17 agenda, including recruitment, staffing, and training.

• Estimated additional liability for the products which are modeled as prior business for Traditional business.
• Led France Risk Management team consisting of 4 team members for Solvency II and Model and Model Validation team.
• Health Insurance & General Insurance products modelling work in Prophet from scratch for IFRS 17 requirements
• Developed spreadsheet model for validating Prophet Modeled products
• Code optimization and run time reduction for Prophet Models
• Prophet Training and Model Documentation
• IFRS 17 Training and Knowledge pool creation

• Conducted audits for US GAAP (FAS60, FAS97, FAS157) and STAT regulations (VACARVM, AG38) for Life and Reinsurance companies, including cell-level and cohort-level testing.
• Played a pivotal role in setting up Equity Indexed Annuities in policy administrative systems (FAST) from offshore for an existing book of contracts.
• Involved in due diligence work for an Indian Insurance company merger, including EV analysis and regulatory reporting.
• Performed embedded value analytics for a large US insurance company across Retail Life, Annuity, Group, and RIS segments.
• Provided technical guidance on the IFRS 17 building blocks approach to an Australian Insurance Entity.
• Played a key role in IFRS 17 implementation for an Indian Insurance Company and in the Financial Impact Assessment of IFRS 17 for Insurance Companies in South East Asia.
• Played a key role in capacity building exercises for IFRS 17 and in developing IFRS 17 impact assessment tools for various products.

• Created UL Calculators and trained junior resources
• Performed EV Reporting for Annuity portfolios.

Valuation & Regulatory Reporting :

• Oversaw end-to-end valuation and reporting processes, ensuring accuracy and compliance.
• Managed month-end, quarter-end, and year-end reporting, streamlining processes to improve turnaround time.
• Prepared and presented year-end regulatory reports for the Insurance Regulator, including Analysis of Surplus and Solvency Capital Projections.
• Conducted expense analysis and determined with-profits reporting and bonus earning capacity.
• Calculated surrender values for with-participating products.
• Provided data to the regulator for ad-hoc requests.
• Compiled past year's data for mortality and morbidity studies.
• Performed Asset Liability Management (ALM), including duration calculations and quarterly reporting, and delivered financial condition reporting.

Data Management & Process Improvement:

• Developed macros for automated data extraction and cleanup, significantly reducing processing time and errors in valuation inputs.
• Designed and implemented an Access database to validate in-force records, premium rates, and other key policyholder characteristics.

Actuarial Analysis:

• Conducted experience analysis (lapse & mortality) and presented findings to the Appointed Actuary and Chief Actuary.
• Contributed to valuation basis setting for STAT, GAAP, and shareholder reporting.

Modeling :

• Led model version upgrades and consolidation to enhance efficiency and reduce run time.
• Integrated new products into existing models and performed ongoing model maintenance.
• Modeled complex reinsurance arrangements to determine credit for Reinsurance in liabilities.
• Developed economic capital models and conducted asset and liability modeling to ensure regulatory compliance.

Reinsurance:

• Developed strong relationships with stakeholders to facilitate smooth communication and project completion.
• Developed an MS-Access database model for reinsurance costing, improving accuracy and efficiency.
• Managed quarterly reinsurance costing and treaty administration.
• Handled facultative policy reconciliation and streamlined the associated processes.
• Optimized retention limits to reduce the Solvency Capital.
• Created a spreadsheet tool to facilitate reinsurance claims recovery for the Claims team.