Download RACHNA ARORA Nationality: Indian Mob. Tel: +91 9873071023

RACHNA ARORA
Nationality: Indian
Mob. Tel: +91 9873071023
email:rachnaarora0001@g
mail.com
Career Summary
An Economics graduate with a CFA certification & an MFA degree coupled with the current exposure in actuarial
science gives me a unique advantage in analytical and strategic thinking. Diverse work experience across sectors
– Insurance, Banking & Financial Services, Management Analytics & Accounting and Real Estate in various
functions including Project Management, Project Finance, Actuarial Reporting, Insurance product analysis,
Strategy & Planning, and Investment Management. Have been exposed to working with multinational
organizations in various capacities.
Education
2010- Current Actuarial Science, Institute of Actuaries of India and Institute of Actuaries of UK
Cleared Actuarial Examinations: CT1 (Financial Mathematics), CT2 (Finance & Financial
Reporting), CT3 (Probability & Statistical Methods), CT7 (Economics), CT9 (Business
Awareness Module).
2007- 2009
CFA (Chartered Financial Analyst), MFA (Master of Financial Analysis)
ICFAI University, Secured 65% aggregate overall and topper in the first two semesters.
2003- 2006
Bachelor of Economics, Hansraj College , Delhi University
Graduated with Distinction (60%), among top 10% of the class
Member of the Organizing Committee of Economics Society- awarded
for outstanding contribution.
Member of Red Cross society and organized various blood donation
Camps- awarded a special recognition for exemplary contribution.
2002-2003
Modern School , Barakhamba Road, New Delhi
Secured 89% with overall academic excellence.
Awarded a Scholar’s badge for holding a strong academic record during high school.
Active member of Interact club.
2000-2001
Cambridge School, Noida
An aggregate of 85%, distinction in all subjects.
Adjudged best literary reader for avid interest in reading.
School topper in Commerce & Sanskrit language.
Work Experience
2014 April- Till Date Manager, Cogent ITES
Noida, India
Key Responsibilities –Management Analysis and Accounting
 Handling a team which carries out management accounting and analysis roles for one of our leading
clients in UK to ensure that the organisation’s management makes well informed decisions to ensure
future stability, growth and profitability.
 Carrying out the monthly reporting to provide an analysis of reporting information to support the
regulatory requirements.
 Analyzing the performance of a business and advice on how to pre-empt problems, by managing and
reducing operational and production costs and implementing newer, more effective strategies.
 Carrying out a key role in developing the analytics team to help them analyze large volumes of business
data, test various hypothesis against this data and arrive at conclusions that help define effective business
strategies.
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Carrying out ways to improve data quality by identifying errors, reduce losses and thus optimise their
response to regulatory reporting.
Client interfacing to get the new business and developing a niche in the Indian market.
Ensuring the timely delivery of business services and carrying out ways to reduce the delivery time with
no compromise on quality.
Project execution and client relationship management.
Creating opportunities for consulting services and project development services.
Sep ’13 –Feb ’14 Project role (Partner), Guruji Associates
Delhi, India
Key Responsibilities  Feasibility of entry into the real estate market in NCR; involved study of Real estate Industry structure,
Demand Planning Models in Real estate, Pricing & Trading strategy for project scheduling in a
competitive market.
 Design of an Activity Based (ABC) Costing system for optimization of the resources to convert the
business deals to acquire the land for construction works.
 Designed a Balanced Scorecard (BSC) for New Product Development process; involved the
process assessments for design, project management, materials, supply chain, and material
resource planning to ensure supervision of the successful construction works within the targeted time
frame.
Jun’13- Aug’13 Project Intern, IFMR Trust (Institute of financial Management and Research),
Chennai, India
Key Responsibilities
 Carrying out an analysis for IFMR rural finance in the products team covering Group Term life insurance
, Personal Accident insurance and the portfolio cover. Detailed analysis of claims ratio, incidence rate
and submitting the report after a thorough study of their Group Term Life Insurance to bring about
modifications in the policy design, product price and introducing waivers with the introduction of cooling
periods.
 Detailed reporting of KGFS (Kshetriya Gramin Financial Services) model which is a new class of entities
in the Indian financial system with the aim of providing a complete suite of financial products and services
to ensure the financial wellbeing of households and enterprises in remote rural locations across the
country. This entailed travelling to extreme rural areas of 5 geographies in India, understanding the
financial needs of households and introducing and amending the already existing insurance products –
personal accident insurance, cattle insurance, shop insurance suited to their risk apetite.
 Analysis and re-designing of insurance products in all five KGFS entities in Tamil Nadu, Orissa and
Uttrakhand currently reaching out to over 200,000 customers across 1000 villages through 120 branches.
Submitting a report focussing on self selection cases and introducing the solutions around it to ensure the
continuity of the insurance product.
 Carrying out regression analysis for developing the relationship between loan customers and insurance
customers of all KGFS’s and factors that affect insurance take-up so that policy modifications can be
brought in. Understanding the correlation between loan customers and insurance customers and
submitting the report emphasizing on the amount of policies taken up by loan customers, trend analysis
of policy take-ups with the respect to gender, occupation, age of the loan customers and identifying the
lack of knowledge on the advisors part to encourage the incorrect policy recommendations.
Apr’12- May’13 Partner, Guruji Associates
Delhi, India
Key Responsibilities
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Automated the entire textile chemical business running successfully over a period of more than 15 years.
Analysis of the Global Textile Chemicals Market which showed the increased demand for finishing
chemicals, but also posed an environmental threat thus restricting the growth of this segment.
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Tapping the organic and eco-friendly substitutes to increase the profit margin.
Assisted in developing sales, product pricing and positioning.
Took care of existing allocated business by routine follow-up and providing after sales services.
Jan’11- Feb’12
Senior Actuarial Associate, WNS Global Services
Chennai, India
Key Responsibilities●
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As a part of stochastic team in UK Life, carrying out expertise in major functional areas of actuarial
reporting including data validation, basis modification, model development and analysis of results.
Core areas include IFRS, MCEV, RBS, ICA Reporting and sensitivity analysis in every reporting period
ranging from year end, trial end reporting. Carrying out regression testing using the Economic Scenario
generators in every reporting period to produce the results. Risk Capital Margins to be carried out in every
reporting period to produce approximately 1500 sets of basis.
Validating month end model point files (MPF) using trend analysis, ratio analysis, on/off movement
analysis & reconciliation of key variables using asset share scaling and stochastic extracts.
Carrying out analysis ensuring accuracy of results by validating consistency between data, model and
basis.
Analyzing the impact of changes of various assumptions on the key variables including present value of
future profit,margins, asset share and cost of guarantees.
Involved in preparation and timely submission of detailed audit packs for audits.
MCEV Reporting for Europe market.
Jan’07- July’07 Financial Planning Specialist, Ameriprise Financial
Gurgaon, India
Key Responsibilities
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Providing technical expertise efficiently & accurately analyzing a client’s financial position.
Assisting the financial planning team of advisors in building client ready advice deliverables &
strategizing with the advisor to customize the output according to client’s unique situation.
Being responsible for financial planning advice (in Protection, Investment, Pension, Mortgages and
Asset Management) along with financial advisors and writing a comprehensive plan for end
customer.
Doing research work which involves navigating various tools such as Morningstar to determine
client’s asset allocation based on their risk tolerance.
Identifying and classifying various funds based on their performance & risks associated.
Computer Proficiency
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Working knowledge of Prophet & MG-Alfa- some of the leading softwares used in the
Actuarial Domain.
Proficiency in Microsoft Office Applications
Confidential
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