Submitted by RohitLohot on Fri, 08/05/2022 - 17:54

I heard about Actuary Profession in 2012 when I was in Deloitte pursuing my Articleship where some of my teammates were doing Actuary. I heard that this is a course for students who love maths and it is quite a lucrative field due to short supply. When i joined the profession there were less than 250 Actuaries so it was a dare for me to start into new field as student when I was on verge of completing my CA. My journey to become Actuary was like roller coaster which started from downside and then taken extreme ups then down and jump and became Actuary. Before entering into Actuary i had never faced failure even I was a all-India Rank holder in CA IPCC exam and I had to taste of failure in very first ACET exam only. My key to success was focused study, taking appropriate guidance for each subject and counselling when i failed any exam. I used to give one extra subject exam where may be i’m not 100% prepared but still i used to give exam and treat that as mock exam for myself and make sure that in next diet that paper should pass. This approach had helped me a lot and I passed all exams in less than total 5 years period, this could have been 4 years as my fellowship paper CA3 took almost a year for me to pass. I would say practical experience which we gain while working in Actuarial field is very helpful in passing higher level exams after CT series.

Actuary is a fulfilling career where we get various new aspects of working in form of different benefit schemes offered by corporates for employee benefits. As this is a specialised filed and working with firm like M/s K. A. Pandit which is one of longest serving Actuarial firm gives an extra advantage to me to progress and prosper in this Actuarial Field.

Education qualification with Actuarial subject details: Chartered Accountant from ICAI (2013), Actuary from IAI (2017), IFOA (2021)

Work Experience Details:

8 years’ experience in employee benefits field, working experience in Life and non-life insurance as well. Specialised in ESOP valuation for large MNC and private companies. Working experience of large PSU banks pension scheme and various social security plans. Currently working as Consulting Actuary, ESOP Advisor at Kandoi & Co, Actuaries and Advisors. I’m also serving Institute of Actuaries of India as Secretary to Advisory Group of Pension, Employee Benefits and Social Security since October 2018.

Designation

Fellows

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