Summary
Overview
Work History
Education
Skills
Websites
Additionalinformation
Accomplishments
Timeline
Generic

Palak Diwan

Ghaziabad

Summary

Performance driven Actuarial Analyst with strong communication, quantitative and analytical skills. Expertise in calculating reserves and liabilities for the period and assessing what factors are causing change in reserves for various Life Insurance products.

Overview

5
5
years of professional experience

Work History

Team Leader

Metlife
Noida
05.2024 - Current
  • Part of the prophet modelling team for one of Metlife's Asian Market
  • Working on different change request (CR's) for model release.
  • As a testing lead, key responsibilities are to prepare the testing plan, perform individual testing on prophet, analysing the impact on results and quantifying the impact of various model changes and preparing the documentation.
  • Working on impact testing for various basis like EEV,USGAAP and IFRS

Actuarial Analyst

WNS
04.2022 - 04.2024
  • Working in liability production team (offshore) for a leading UK life insurer
  • Part of Valuations team where day to day tasks include calculation of reserves (BEL) under Solvency II and IFRS
  • Quarterly/Monthly reporting and analysis of existing business, change in reserves due to change in demographic and economic assumptions
  • Use of SMART tools to calculate reserves
  • Direct interaction with onshore clients regarding any queries
  • Meeting monthly and quarterly requirements in addition to any adhoc queries
  • Working on various Impact Assessments and AOC's and carrying out investigations for any inconsistency in results
  • Conducted comprehensive stress testing for life insurance portfolios, assessing the impact of various economic scenarios on reserves and liabilities
  • Projected future cashflows based on actuarial assumptions and economic scenarios, contributing to accurate financial planning and risk assessment
  • Coordination with clients to get revert on queries related to estimated BEL required for the period

Customer Service & Operations Analyst

Natwest Group
10.2019 - 04.2022
  • Accurately investigating customer queries, supporting business processes and procedures, and understanding the needs of our customer and the business
  • Reviewing processing errors and customer complaints to help identify trends and training needs
  • Accessing and validating the documents required to release funds from accounts of deceased customers
  • Performing appropriate checks against fraud,risk,AML and next of kin (NOK) validation
  • Releasing funds to the correct counterparty
  • Deal with escalations and urgent requests on basis of severity of situations
  • Document necessary account information and offer solutions that benefit the customer and our business

Education

BA(HONS) - Economics

Maitreyi College,Delhi University
01.2018

Higher Secondary -

Bal Bharati Public School
01.2015

Senior Secondary -

Bal Bharati Public School
01.2014

Skills

  • MS Excel
  • Basic R
  • Reserving
  • Teamwork & Collaboration
  • Quantitative Research
  • Numerical Data Analysis
  • Accurate Reporting

Websites

Additionalinformation

  • Awarded Spot ovation for my consistent performance at RBS
  • Got 4 star employee rating (outstanding performance) in WNS during recent performance cycle
  • Received All Rounder award for academic excellence for 4 consecutive years (Class 8th to Class 12th)
  • Member of Student Council at Bal Bharati Public School (2014-2015) -Team of top 5 students responsible for conducting and managing the school activities
  • Secured 2nd position in National Inter Unit Bal Bharati Sports Meet (2014)
  • Awarded 3rd position at Inter School Volleyball Tournament held at Agra, 2014
  • Secretary of the Economics Society (ECOSOC) in Maitreyi College ( 2015)
  • Actively participated and volunteered in organizing college fests

Accomplishments

Actuarial Exams-

CT-1 Financial Mathematics

CT-5 Contingencies

(CM-1)

CT-7 Business Economics (CB-2)

CB-1 Business Finance

CS-1 Actuarial Statistics

CB-3 Business Management

Timeline

Team Leader

Metlife
05.2024 - Current

Actuarial Analyst

WNS
04.2022 - 04.2024

Customer Service & Operations Analyst

Natwest Group
10.2019 - 04.2022

BA(HONS) - Economics

Maitreyi College,Delhi University

Higher Secondary -

Bal Bharati Public School

Senior Secondary -

Bal Bharati Public School

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Palak Diwan