Ankit Anil Murarka FIA, FIAI, MSc, MCSI

- Leading actuarial practice for Grant Thornton Bharat LLP, overseeing national and international actuarial business operations, generating revenue for the business through effective client management, cross-selling opportunities, and identifying new business prospects. - Leading the successful implementation of a scalable actuarial team structure, meticulously assessing skill requirements, defining roles and responsibilities, and fostering a culture of accountability, agility, and collaboration. - Advised Partners and Directors of GT India and GT UK on intricate actuarial matters, providing strategic insights and recommendations to drive business growth, profitability, and risk management. - Demonstrated expertise in revenue generation, leveraging an extensive network of industry contacts, thought leadership, and persuasive communication skills to secure and expand client engagements, resulting in substantial revenue growth. - Proactively facilitated the deployment of highly skilled actuarial talent on secondment basis to the UK for overseas engagements, harnessing the synergies of the GT international network to deliver exceptional client value and broaden professional development opportunities. - Provided expert-level peer review of colleagues' actuarial work, applying rigorous quality assurance measures to ensure accuracy, consistency, and compliance with regulatory requirements and industry standards.

- Established actuarial practice for Grant Thornton Bharat LLP, building the team and infrastructure and facilitated its seamless integration into the wider organisation. - Collaborated with GT India and GT UK senior management, aligning objectives, and driving consensus on critical business decisions, ensuring seamless coordination, exchange of best practices, and alignment of strategic objectives. - Collaborated with multiple GT international network firms, delivering on projects and leveraging global actuarial expertise for successful project outcomes. - Prepared reports, presentations, and recommendations for senior management and clients, communicating complex concepts in a clear and concise manner. - Supported the Prudential Regulation Authority’s (PRA) Section 166 review for a leading British Banking and Insurance group, meticulously analysing regulatory compliance, risk governance frameworks, and control mechanisms, resulting in enhanced risk management practices and mitigation strategies. - Reviewed group’s MI packs, committee’s Terms of References (ToR’s), policy & procedure documents and other key documents, identifying the key missing elements and recommended on how these key documents can be created and maintained in a streamlined manner, ensuring compliance with regulations laid down by the PRA. - Led the comprehensive comparison and benchmarking of Own Risk and Solvency Assessment (ORSA) reports across six diverse international geographies (EU, United Kingdom, Belgium, United States of America, Canada and Bermuda) critically evaluating the ORSA regulatory requirements with respect to solvency positions, risk exposures, and capital adequacy to identify key drivers and actionable insights for business optimisation. - Successfully attracted, assessed, and onboarded high-caliber actuarial talent, leveraging strategic recruitment and interview process to identify individuals with exceptional technical expertise, business acumen, and cultural fit.

- Worked on developing IFRS17 implementations tools along with a team of 8 actuarial members keeping economic capital tools as the base, strengthening my IFRS17 implementation skills. - Performed regression testing, change request, tools testing, impact analysis of IFRS17 tools. - Conducted detailed analysis of change on UK's largest life insurer's with-profit and non-profit funds, providing valuable insights for strategic decision-making. - Performed actuarial result analysis including validation, analysis of change, economic and non-economic stresses, sensitivities, back-testing etc. - Supported data, basis, results for P&L and balance sheet production for IFRS17, economic capital, asset share, and new business reporting, contributing to the smooth financial reporting process. - Actively involved in change activities to accelerate team processes in response to regulatory changes in the IFRS17 reporting regime, demonstrating adaptability and compliance expertise. - Performed trend analysis spanning over multiple quarters to figure out trends and establish if the manuals are required to be taken in future reporting cycles. - Created and developed a catalogue comparison tool to identify the discrepancies between the manuals tools and the catalogue reporting framework, further enhancing the IFRS17 reporting infrastructure of the client. - Recommended changes to the catalogue team as per the business requirement during its development process and meticulously aligned it with the FRS17 reporting regime, for 6 major funds of the largest British life insurer, consisting of with-profit, non-profit and annuity businesses. - Successfully established the IFRS17 manuals process for the largest British life insurer's 6 major funds, delivering a seamless and efficient BAU process. - Attended client meetings, actively engaging with stakeholders to understand their working environment and business needs, resulting in the delivery of tailor-made solutions.

- Executed the issuance of Guaranteed Emergency Credit Line (GECL) at a competitive interest rate for the firm. - GECL facility was announced by Government of India and issued by Reserve Bank of India (RBI) to MSMEs to augment their net working capital, to meet operational liabilities and restart their business during COVID-19 crisis. - Renewed the existing line of credit considering various qualitative and quantitative aspects of borrowing. - Ensured conformity with basic financial disciplines prescribed by RBI under Cash Credit and GECL scheme.

- Transformed financial unsecured loans into secured bank loans thereby reducing interest outflow on working capital, resulting in an increase in profit by 18% and reduced default risk. - Executed all federal and state compliances as per Reserve Bank of India guideline for sanction of working capital line of credit for business. - Established and developed strong working long term relationship by organising meetings and performing effective negotiations with multiple banking officials to acquire further improved interest rates for the business. - Performed final evaluation of data, before submitting it to bank to ensure accuracy for execution of the securitised line of credit for the business. - Tracked, analysed and interpreted interest rate movements to ensure competitiveness of interest rate offered by bank to business. - Researched and consulted with banking officials to understand, assess and manage financial and default risks leading to process improvement and business development. - Investigated financial data to identify problems in daily financial activities and formulated competitive solutions through idea generation to increase capital management efficiency.

- Assisted the senior manager in preparation of Actuarial Report and Abstract (ARA) & Appointed Actuary Annual Report (AAAR) as per the regulatory requirements. - Assisted them in assumption setting for valuation of life insurance business and DC pension schemes. - Priced group term assurance contracts worth £10M+ on basis of age and sum assured distribution of groups, also took into consideration past mortality experience. - Engaged in a team of 3 actuarial analysts to process reinsurance work and payments strategically along with maintenance of system to include new products launched by company. - Reported reinsurance premiums payable worth £0.5M+ and claims recoverable from reinsurers and performed life assurance and pension reserve calculations on monthly, quarterly and annual basis.

- Performed reserve calculations for DC pension schemes and group term assurance contracts on monthly basis. - Priced group term assurance contracts worth £0.3M+ on basis of age and sum assured distribution of groups, also took into consideration past mortality experience.

Qualified Actuary Fellow with Specialisation in Investment & Finance - CT1 Financial Mathematics - CT2 Finance and Financial Reporting - CT3 Probability and Mathematical Statistics - CS2 Risk Modelling and Survival Analysis - CT5 Contingencies - CT7 Business Economics - CT8 Financial Economics - CT9 Business Awareness Module - CP1 Actuarial Practice - CP2 Modelling Practice - CP3 Communications - SP6 Financial Derivatives - SP7 Reserving & Capital Modelling - SA7 Investment & Finance - UKPM P7 Investment & Finance

Specialisations: - CP1: Actuarial Risk Management - SP6: Financial Derivatives Principles - SP7: GI Reserving & Capital Modelling Electives: - Enterprise Risk Management - Quantitative Risk Management - Business Ethics

Specialisations: - Financial Management - International Finance - Investment Analysis - Business Aspects in Banking and Insurance - Economics - Project Management - Strategic Management - Human Resource Management - Business Law