Sumeet Shah
Head (Employee Benefits and Retirement Practice) at Global Risk Consultants, India- Claim this Profile
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Bio
Experience
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Global Risk Consultants, India
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India
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Insurance
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1 - 100 Employee
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Head (Employee Benefits and Retirement Practice)
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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.
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Aon
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United Kingdom
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Financial Services
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700 & Above Employee
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Benefit Consultant
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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
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WTW
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United Kingdom
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Financial Services
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700 & Above Employee
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In Retirement Benefit section
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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
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Mercer
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United States
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Professional Services
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700 & Above Employee
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Benefit Consultant
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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
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Aditya Birla Sun Life Insurance
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India
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Insurance
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700 & Above Employee
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Acutarial Analyst
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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
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Education
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SVKM's Narsee Monjee Institute of Management Studies (NMIMS)
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Ramnarain Ruia College
Bachelor's Degree, Mathematics -
JES Hostel
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JES Hostel