Tushar Kale

Associate Consultant

Pune, Maharashtra, India9 yrs 1 mo experience
AI EnabledAI ML Practitioner

Key Highlights

  • Expert in IFRS 17 implementation and RAFM modeling.
  • Proficient in automating complex actuarial processes.
  • Strong leadership in training and mentoring teams.
Stackforce AI infers this person is a Fintech professional specializing in actuarial modeling and IFRS 17 compliance.

Contact

Skills

Core Skills

RafmIfrs 17AutomationActuarial AuditModel DevelopmentModel TestingVba Development

Other Skills

Stakeholder ManagementVBASQLPythonIdentifying IssuesAnalytical SkillsCash FlowSolvency IIModelingProject ManagementData AnalysisResearchStrategic PlanningActuarial ScienceNumerical Analysis

About

Actuarial professional with extensive experience in actuarial modeling, specializing in RAFM development, testing, and IFRS 17 implementation. Skilled in model validation, audits, and Solvency II valuation of with-profits products, including stochastic analysis of guarantees, smoothing, and shareholder transfers. Proficient in Excel-based models for diverse life insurance products. Experienced in client handling across European and Canadian markets, active stakeholder management, and project planning. Passionate about training and mentoring junior team members to build high-performing teams.

Experience

Allianz services

Assistant Manager - Actuarial

Nov 2023Present · 2 yrs 5 mos · Remote

  • Leading RAFM Modelling project
  • Experience in building model from scratch for different product based on reporting requirements
  • Model testing, reconciliation and documentation
  • Stakeholder Management
RAFMIFRS 17

Ey

2 roles

Assistant Manager

Feb 2023Nov 2023 · 9 mos

  • Helped the client to implement IFRS17 reporting standards using Moody's Risk Integrity sub-ledger solution.
  • Worked on automation on the manual processes for client using VBA and SQL
IFRS 17VBASQLAutomation

Senior Consultant

Oct 2021Feb 2023 · 1 yr 4 mos

  • Worked closely with chief actuary to create accounting
  • manual on methodology to implement IFRS17 reporting
  • standards. Key topics considered are Discount rate, CSM and
  • Risk adjustment.
  • Perform check on the methods adopted by different country
  • units and group head office for IFRS17.
  • Performed actuarial audit on Embedded Value (EV) reporting, IFRS17 OBS and Transition numbers.
IFRS 17Actuarial Audit

M&g global services private limited

2 roles

Assistant Manager

Promoted

Apr 2021Oct 2021 · 6 mos

  • Implementation of IFRS17 reporting standards in the actuarial
  • valuation models (RAFM). Developing and testing of new
  • functionalities in the RAFM model.
  • Building excel based cashflow models to replicate the IFRS17
  • developments.
  • Carry out testing of the infrastructure needed for IFRS17 such
  • as new actuarial systems, workflow developments on Unify,
  • IFRS17 engine, Power BI reports etc.
  • Documentation of the test plan, test summary and providing
  • necessary evidences for each step of the testing
IFRS 17Model Development

Actuarial Analyst

Mar 2017Apr 2021 · 4 yrs 1 mo

  • Testing of the model coded in RAFM released by model
  • development team and make sure that the model is developed
  • as per business requirements and all the functionalities are
  • working properly.
  • Building an excel model replicating the key reporting numbers
  • calculated by RAFM model and make sure that both numbers
  • reconcile. The model is used for valuation with-profit of life
  • and annuity product in accumulation with profit business.
  • Checking the calculations such as asset share, fund value, claim
  • value, cost of smoothing, cost of guarantees and market value
  • reduction.
  • Development of different reporting tools based on VBA to
  • analyze and represent results. Perform User Acceptance Test
  • (UAT) to thoroughly test tools for functionality and regression.
Model TestingVBA Development

Education

DS Actuarial Education Services

Bachelor's Degree — Actuarial Science

Jan 2012Jan 2015

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