RAJASEKAR JAGADEESAN
Bangalore
Summary
Accomplished actuarial professional with a proven track record at Swiss Re Global Business Solutions, excelling in complex problem-solving and leadership. Spearheaded IFRS17 implementation, enhanced valuation models, and led significant process improvements. Expert in financial reporting and adept in fostering team development, demonstrating both hard and soft skills crucial for business excellence.
Overview
16
16
years of professional experience
1
1
Certification
Work History
Head IFRS Production
Swiss Re Global Business Solutions
Bangalore
11.2023 - Current
- Led and developed a team of 2-4 actuaries, including senior executives and executives
- Provided guidance and training to junior actuaries
- Developed, enhanced, and reviewed Valuation Models in Excel in accordance with the IFRS17 framework
- Supported IFRS17 implementation and practices for APAC L&H valuation & analysis functions
- Transitioned IFRS 17 projects to the BAU team
- Provided ad hoc support to business units in the regions on business planning, experience studies, and assumption settings
- Collaborated with various functions for IFRS 17 implementation and process
VRA Lead APAC
Swiss Re Global Business Solutions
Bangalore
04.2018 - 10.2023
- Led APAC Production team for efficient quarterly and yearly reporting
- Established production framework and process for APAC valuation
- Improved systems, developed reporting processes, and drove initiatives
- Managed team workflows according to priorities
- Performed Sensitivity analysis for USGAAP, STAT, and EVM valuation reporting
- Designed and implemented IBNR methodology for Asia
- Contributed to ADAM migration project and integrated ADAM into BAU
- Collaborated with Global systems team on IFRS changes implementation Program
Project Lead/Associate Actuarial Consultant
AXA Business Services
Pune
07.2015 - 04.2018
- Established policies and procedures for actuarial product/pricing model validation and testing for US Life products
- Provided technical expertise in actuarial model development, including business requirements, system migrations, and deliverable schedules
- Reviewed pricing assumptions for new products
- Conducted numerical analysis and manipulation using various systems and actuarial tools
- Validated model results through analysis and reasonableness checks using tools like Excel, AEGIS, ASL, and Life 70
Business (Actuarial) Analyst
HCL Technologies Ltd.
Chennai
04.2012 - 06.2015
- Provided actuarial support for UK clients, resolving complex issues in actuarial models and developing new methods
- Conducted impact analysis and documented changes to mitigate adverse effects
- Assisted IT developers with code fixes
- Presented complex technical issues and their impact to clients
- Evaluated major claims initiatives and supported monitoring
Claims Assessor
HDFC Standard Life Insurance Company Ltd.
Chennai
04.2010 - 04.2012
- Provided actuarial support to claims and underwriting teams, calculating all death, rider, and health claims benefits
- Validated life claims and benefits with high precision and accuracy
- Analyzed and calculated new business premiums for policies as per underwriting team requirements
- Ensured compliance with all IRDA regulations and mediated between realtors, customers, and management
Actuarial Associate
WNS Global Services
Chennai
06.2009 - 02.2010
- Provided actuarial support for UK clients on MCEV and IFRS-ICA Reporting, including calculation and analysis of Embedded Value (EV) changes
- Conducted valuation reporting for existing business, including data validation, basis inputs, prophet runs, and result extraction
- Performed monthly data validation and reconciliation, and analyzed basis checks and comparisons for economic and non-economic assumptions
Education
Master of science - Actuarial science
university of madras
Chennai06.2008
Bachelor of science - statistics
Madras Christian College (Autonomous)
Chennai05.2006
Skills
- Analytical
- Complex Problem Solving
- Business Analysis & Reporting
- Leadership/communication skills
- Product/system Migration
- Process Improvements
- Database management
- MS-office Suits
- Project planning
Accomplishments
- IFRS17 GO-Live - Contributed to the implementation of IFRS17 1st time for South Korea Local regulators in Swiss-re.
- Optimization Project Leadership - Streamlined valuation production process, which saved recourse time and quality results at Swiss-re.
- Risk Reduction Milestone - Collaboratively reduced Model errors by implementing improved risk evaluation controls in Axa business serveries
- System enhancement and Collaboration - Facilitated and produced 20% system efficiency by cutting down unwanted data process, leveraging IT team at HCL
Certification
- Passed 3 (CT1, CT3, CT9) exams in old curriculum from Institute of Actuaries of India
- Student member in Institute of Actuaries of India
- Certified as leader from IIMB Bengaluru
Timeline
Head IFRS Production
Swiss Re Global Business Solutions
11.2023 - Current
VRA Lead APAC
Swiss Re Global Business Solutions
04.2018 - 10.2023
Project Lead/Associate Actuarial Consultant
AXA Business Services
07.2015 - 04.2018
Business (Actuarial) Analyst
HCL Technologies Ltd.
04.2012 - 06.2015
Claims Assessor
HDFC Standard Life Insurance Company Ltd.
04.2010 - 04.2012
Actuarial Associate
WNS Global Services
06.2009 - 02.2010
Master of science - Actuarial science
university of madras
Bachelor of science - statistics
Madras Christian College (Autonomous)
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