Sumeet Shah

Head (Employee Benefits and Retirement Practice) at Global Risk Consultants, India
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Contact Information
us****@****om
(386) 825-5501
Location
Mumbai, IN

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Experience

    • India
    • Insurance
    • 1 - 100 Employee
    • Head (Employee Benefits and Retirement Practice)
      • Nov 2014 - Present

      Mumbai Area, India Work included: Retirement Benefit and Health Space.  Client Acquisition  Design Go-to-Market strategy  Setting up end-to-end process for “Actuarial Valuation”  Building Practice from scratch  Handling large portfolio of clients, both Indian and MNC  Main skills: Start-up, Entrepreneur, Team building.

    • United Kingdom
    • Financial Services
    • 700 & Above Employee
    • Benefit Consultant
      • May 2011 - Nov 2014

      Mumbai Work included: In Retirement Benefit section.  Restructuring Defined Contribution Scheme to Defined Benefit Scheme  Re-structuring employee benefits scheme such as Gratuity, Long Service award, Leave encashment etc.  Analysis benefit cost to total cost to the company  Benefits Benchmarking and Review  Main skills: Client Interaction, Client Focus, PROVAL,Benchmarking

    • United Kingdom
    • Financial Services
    • 700 & Above Employee
    • In Retirement Benefit section
      • Sep 2007 - Apr 2011

      Mumbai Area, India Work included: In Retirement Benefit section.  Actuarial valuation for different employee benefits and consulting domestic and international client on employee benefit issues.  Gratuity, Leave, Long Term Service Award, Ex-gratia and Pension Scheme valuations.  Carried out valuations in terms of US-GAAP Accounting Standards FAS 158,AS15(R) and International Accounting Standard IAS (19)  Advising Multi-National companies in terms of vendor selection process for various Employee… Show more Work included: In Retirement Benefit section.  Actuarial valuation for different employee benefits and consulting domestic and international client on employee benefit issues.  Gratuity, Leave, Long Term Service Award, Ex-gratia and Pension Scheme valuations.  Carried out valuations in terms of US-GAAP Accounting Standards FAS 158,AS15(R) and International Accounting Standard IAS (19)  Advising Multi-National companies in terms of vendor selection process for various Employee benefits such as Life Insurance, Medical cover, Business travel Insurance etc  Re-structuring employee benefits.  Main skills: Client Interaction, Client Focus, Business Development, Retirement Benefit,WYVAL Business Development Role:-  Assessment of marketing opportunities and target large group across Western region.  Actively involve in BD process, being a key person in huge wins/project  Managing data base for Prospective clients. Show less

    • United States
    • Professional Services
    • 700 & Above Employee
    • Benefit Consultant
      • Dec 2006 - Mar 2007

      Mumbai Area, India Work included: In Retirement Benefit section.  Gratuity, Leave and Pension Scheme valuations.  Carried out valuations in terms of US-GAAP Accounting Standards FAS 43, 87/132 as well as International Accounting Standard IAS (19)  Calculating IRR (Income Replacement Ratio).  Involved in the development of Gratuity and Leave encashment valuation programs.  Main skills: Developing spreadsheet, Retirement Benefit, EXCEL, VBA

    • India
    • Insurance
    • 700 & Above Employee
    • Acutarial Analyst
      • 2004 - 2006

      2004 –Worked with Birla Sun Life Insurance as JR. Actuarial Analyst (From Oct 2004- Feb 2006) Work included:  Planning for Capital Requirement/Net Income for financial year.  Produced actual to expected mortality/lapse/expense studies by using past data.  Performed Reinsurance Premium and Claims Calculation.  Was involved in Embedded value calculation for BSLI.  Main skills: Planning, Analyses Cashflow, Experience Studies, Estimate Cashflow, AXIS, EXCEL

Education

  • SVKM's Narsee Monjee Institute of Management Studies (NMIMS)
    2003 - 2004
  • Ramnarain Ruia College
    Bachelor's Degree, Mathematics
    1999 - 2002
  • JES Hostel
  • JES Hostel

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