Vikas Khurana

Vikas khurana

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location of Vikas KhuranaGurugram, Haryana, India
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  • Timeline

    Current Company
    Nov 2011 - now

    Associate | Senior Manager - Actuarial | AVP

    Mercer
    Gurugram, Haryana, India
  • About me

    Associate | Senior Manager - Actuarial | AVP at Mercer

  • Education

    • Society of actuaries, usa

      -

      ASA in progress - 75% complete

    • Actuarial society of india

      -

      6 Actuarial Core Exams.

    • D.a.v centenary public school, rohtak

      1993 - 2007
      High school business/commerce, general 90%

      Activities and Societies: Head Boy of the School 2006-07 Mr. D.A.V 2007-08

  • Experience

    • Mercer

      Nov 2011 - now

      Worked in Mercer's India RSC and responsible for delivering core services of defined benefit pension valuations to Consulting Office colleagues across the US. - Experienced with MAP-21' HATFA ACT, Qualified and Non - Qualified defined benefits plans.- Experienced with Accounting valuations under the standards: ASC 715, ASC 960, IAS 19 and IAS 19R.- Worked closely with Analysts and Consultants to complete actuarial valuations on time and with high quality.- Mentored Actuarial Analysts, including supervisor responsibilities.- Imparted training to Actuarial Analysts, including one on one and classroom type trainings- Managed the budget, scope and timelines of core valuation projects.- Data Conversions.Apart from US, my work also included:- Worked closely with Consultants of Korean market to complete actuarial accounting valuations, under the US GAAP and IAS accounting standards, on time and with high quality.- Worked with signing actuaries of UK market and responsible for delivering UK monthly factors includes tranfer value factors of defined benefits, agumentation factors, assets and more. Show less As a Senior Actuarial Analyst in Mercer’s India Retirement Service Center, I led comprehensive valuation processes for Defined Benefit Pension plans, supporting diverse client needs across the U.S. and Korean markets. My role emphasized high-level actuarial expertise, regulatory compliance, and strategic financial reporting, with responsibilities including: • Managing end-to-end valuations for both Qualified and Non-Qualified Defined Benefit Plans, ensuring compliance with MAP-21 Act standards. • Conducting detailed Gain/Loss analyses on experienced liabilities to drive insight into financial variances and assist consultants with strategic planning. • Executing Korean Accounting Valuations, aligning outcomes with local accounting standards. • Leading accounting valuations under ASC 715, ASC 960 & IAS 19R standards, delivering compliant, accurate financial reporting for both U.S. and international stakeholders. • Performing sensitivity analysis on results, assessing the impact of assumption adjustments on liability measures and funding requirements. • Preparing and reviewing Funding, Expense, and Disclosure Reports to meet regulatory requirements and support client financial transparency. • Engaging with consultants onhigh-profile clients, delivering tailored actuarial solutions and insights. • Training and mentoring new hires, contributing to their professional growth and ensuring effective onboarding. • Facilitating data conversions from one application to another , ensuring accurate and seamless migration of client data into actuarial valuation systems.This role enabled me to leverage my actuarial knowledge and leadership skills to manage complex pension valuation projects, mentor junior analysts, and deliver insights that help clients navigate the complexities of Defined Benefit Plan management. Show less As an actuarial analyst at Mercer’s India Retirement Service Center (RSC), I bring extensive experience in delivering core valuation services for both defined benefit pension plans and post-retirement medical plans. From the outset of my career, I have worked with both PPA qualified and non-qualified plans, ensuring accuracy and compliance across all facets of the valuation process.Key competencies include: • Data Analysis: Expertise in performing detailed data analysis, including benefit statement calculations, to ensure precise and reliable valuation outcomes. • Gain/Loss Analysis: Proficient in analyzing gains and losses arising from changes in liabilities, comparing expected versus actual liabilities using the latest data to provide accurate insights. • Asset Reconciliation: Skilled in reconciling plan assets, addressing discrepancies, and providing clear, accurate reporting. • Liability Generation: Adept at calculating and generating liabilities for various purposes, including funding, accounting, and PBGC compliance. • Government Forms: Experienced in preparing government forms, ensuring all regulatory requirements are met. • Data Conversions: Managed complex data conversions during software transitions, ensuring data integrity and consistency as we moved from legacy systems to updated platforms.With a commitment to accuracy, efficiency, and excellence, I contribute to delivering high-quality actuarial solutions that meet the unique needs of each client. Show less

      • Associate | Senior Manager - Actuarial | AVP

        Jan 2022 - now
      • Associate | Actuarial Technical Manager | AVP

        Sept 2021 - Dec 2021
      • Team Manager - Actuarial | Lead Actuarial Specialist

        Jan 2018 - Aug 2021
      • Assistant Manager | Senior Actuarial Specialist

        Sept 2016 - Dec 2017
      • Actuarial Specialist

        Sept 2015 - Aug 2016
      • Lead Actuarial Analyst

        Dec 2013 - Aug 2015
      • Senior Actuarial Analyst

        Nov 2012 - Nov 2013
      • Actuarial Analyst

        Nov 2011 - Oct 2012
  • Licenses & Certifications

    • Pyramids of excellence - 2014, rank 6th

      Management at mercer
    • Pyramids of excellence - q1 2014, rank 6th

      Management at mercer
    • Pyramids of excellence - q1 2015, rank 1st

      Management at mercer
    • Pyramids of excellence - q2 2015, rank 2nd

      Management at mercer
    • Pyramids of excellence - q3 2014, rank 15th

      Management at mercer
    • Pyramids of excellence - q4 2014, rank 15th

      Management at mercer
    • Pragati quick win - may 2015

      Quality team at mercer
      May 2015