Rasik Vekaria, Actuarial Contractor | Data Science and Analytics | Modeler | Programmer at Phoenix Group

Rasik Vekaria

Actuarial Contractor | Data Science and Analytics | Modeler | Programmer at Phoenix Group

Phoenix Group

البلد
المملكة المتحدة - مانشستر
التعليم
بكالوريوس, Actuarial Science
الخبرات
11 years, 6 أشهر

مشاركة سيرتي الذاتية

حظر المستخدم


الخبرة العملية

مجموع سنوات الخبرة :11 years, 6 أشهر

Actuarial Contractor | Data Science and Analytics | Modeler | Programmer at Phoenix Group في Phoenix Group
  • المملكة المتحدة - برمنجهام
  • أشغل هذه الوظيفة منذ مايو 2023

Streamline and enhance all Actuarial production administrative procedures, with an emphasis on systems, manual works streams, and actuarial models

Automated Milliman web-based MG-ALFA model setup tool in UI.Vision RPA, cutting production time from 10 days to 3 hours

Developed a KPI dashboard to illustrate real-time progress of production run times and cost of reruns

Key facilitator of integrating tools and systems from Milliman into Phoenix

Evaluate and assess all of Milliman tools; suggesting enhancements and improvements

Actuarial Contractor في Swiss Re
  • المملكة المتحدة - لندن
  • يناير 2020 إلى مارس 2023

Migration of all Actuarial models from Moses/RAFM to MG-ALFA outlining key differences by analyzing debugging C++ code (RAFM). Consisted of Life, Critical Illness, and Disability Income products.

Ensured the reconciliation of all reserving bases including US-GAAP, Switzerland, Luxembourg, Solvency ll, IFRS 17 and Economic Value Management (Swiss Re's propriety valuation basis)

Created R scripts to compare RAFM and MG ALFA results on a policy level and calculate distribution of differences

Automating manual ETL processes by developing R scripts and then transferring onto Azure Data Factory & Databricks.

Understanding applications deep enough to give suggestions to external system developers on how to improve their current applications

Developing Python scripts to clean, process and analyse large data sets to derive the most accurate business conclusions

Currently subject matter expert on the MG-ALFA model ensuring that knowledge is being transferred to the team. Providing ongoing support and in-depth training. Extensive knowledge of other Milliman applications such as cloud computing, integrate and model development

Collaborating with teams in Europe and the US such as Data, Pricing and Valuation to ensure that all data and reporting requirements has been migrated onto MG-ALFA

Heavily involved in other projects such as IFRS 17, Property & Casualty, Data infrastructure, valuation reporting and pricing.

Actuarial Contractor في Diligenta
  • المملكة المتحدة - ليفربول
  • أبريل 2019 إلى ديسمبر 2020

Analyse product literature to validate and challenge policy calculation spreadsheets this included analysing VBA code to determine calculation of unit deductions and terminal bonuses

Writing SQL queries on SQL server management to analyse subsets of large policyholder data

Giving VBA and SQL training Workshops to enhance programming skills across the department

Organise and lead regular meetings with Phoenix in order to clarify product calculation queries

Lead projects such as risk rate and policy reviews; consisted of investigating the whole Phoenix
product spectrum to identify applicable products and corresponding calculations

To update and test regular changes to systems including regular bonus updates, policy fee updates
and premium rate changes

Annotated and evaluated complex calculation spreadsheets to help aid the understanding of product calculations

Actuarial Contractor في Royal London
  • المملكة المتحدة - مانشستر
  • يوليو 2016 إلى أبريل 2019

Modelling and Transformation project from Prophet to MG ALFA

Reconstructed DCS model point files onto MG-ALFA (IDM) using Pig Latin scripting language

Running MG-ALFA models and reconciling results against Prophet. Developed automatic testing tools in R that provided comparison of Prophet vs MG-ALFA results

Regularly managed the entire quarterly and half-yearly model releases; consisted of planning, delegating, completing and reviewing data and run change requests

Liaising with Assumptions, Valuation, Reconciliation, Product and Model teams in order to complete change requests and investigation queries

Modelling complex product features in IDM and troubleshooting coding scripts to correct errors

Created an issues and guidance document enabling new starters to easily grasp the knowledge of IDM and Pig Latin Scripting; was regularly involved in giving IDM, R, Excel training to colleagues

Producing detailed Solvency II documentation on MG ALFA code structure and reconciliation results of the migration, outlining any discrepancies between DCS and MG ALFA Model point files

Actuarial Analyst في Aetna International
  • المملكة المتحدة - لندن
  • يونيو 2015 إلى سبتمبر 2015

Running SQL queries to generate pricing data to price and implement rates for all Aetna healthcare
products, which are sold internationally

Responsible for developing the IT attributes of actuarial students both locally and internationally; in
particular with Microsoft Excel, VBA and SQL

Developed user-friendly and comprehensive actuarial pricing models which can be used to compare Aetna rates across all products/regions and against rates of competitors

Actuarial Analyst في Partnership
  • المملكة المتحدة - لندن
  • يونيو 2014 إلى يونيو 2015

Develop, test and implement Actuarial models which are compliant with the Solvency II framework

Developed an Excel model which valued Partnership’s asset portfolio to determine the matching adjustment

Implementing a standardised end user computing (EUC) control framework across all Solvency II spreadsheets, with the aim of implementing across the entire business

Developed a profit and loss attribution model which will explain the movement in Partnership’s assets and liabilities over specific accounting periods

Actuarial Analyst في Sun Life Financial
  • المملكة المتحدة - لندن
  • يناير 2012 إلى يونيو 2014

Analyse reserves and policy data to identify any discrepancy between the results produced e.g. identified an error of £12 million Actuarial reserves which had not been posted to the balance sheet

Automated various manual data driven processes through Visual Basic for Applications (VBA)

Played a pivotal role in helping the company transform their Actuarial reporting requirements from a quarterly basis to a monthly basis

Saved Actuarial team’s time by proactively built models to automate input and assumption variables that drive into Prophet (Actuarial software); this also improved the internal controls of the business

الخلفية التعليمية

بكالوريوس, Actuarial Science
  • في Cass Business School – City University
  • يوليو 2011
الثانوية العامة أو ما يعادلها, A Levels
  • في Oldham Sixth Form College
  • يناير 2008

3 A Levels: Mathematics (A), Economics (A) and Accounting (A) 12 GCSEs A* – Cs, including Mathematics (A*) and Science – (AA)

Specialties & Skills

Actuarial
Modeling
Microsoft Excel
IDM (MG ALFA)
Prophet
Data Analysis
Modelling
Pig Latin
Microsoft Excel
Databricks
Azure Data Factory

اللغات

الغوجاراتية
اللغة الأم
الانجليزية
اللغة الأم
الهندية
اللغة الأم

العضويات

Institute and Faculty of Actuaries (FIA)
  • Qualified Actuary
  • March 2012

التدريب و الشهادات

Institute and Faculty of Actuaries (FIA) (الشهادة)
تاريخ الدورة:
September 2018