Friday, December 18, 2015

Actuarial Consultancy of M.L.Sodhi

Actuary – M.L. Sodhi (Consulting Actuary)

M.L Sodhi is a Consulting Actuary. He is a Fellow Member of Institute of Actuaries of India (Membership Number – 00178). For more than 16 years he is actively involved in actuarial valuations for Employee Benefits of the Defined Benefit Nature for compliance of Accounting Standards of:-

  1. INDIAN GAAP- AS-15 (Revised 2005)
  2. IndAS-19
  3. International Accounting Standard (IAS-19 Revised 2011) of the IFRS
  4. US GAAP – (FAS-87, 88 & 158) etc. 

Generally valuations for compliance of Accounting Standards are as under:-

·         Actuarial Valuation for Gratuity Plans.
·         Actuarial Valuation for Earned Leave Plan.
·         Actuarial Valuation for Sick Leave Plan.
·         Actuarial Valuation for Defined Benefit Pension Plans.
·         Actuarial Valuation for Post Retirement Medical Benefit Plans.
·         Actuarial Valuation for Settlement Allowances on Retirement.
·         Actuarial Valuation for Long Service Award Plans/Incentive Plans.
·         Actuarial Valuation for Interest Rate Guarantee for Exempted Provident Funds.
·         Actuarial Valuation for other Defined Benefit.

Some of the main points about the brief of M.L. Sodhi, his work experience, his human resources & infrastructure, his clients and his terms and conditions etc. are:-

His Work Experience:- His work experience is spread over a span of more than five decades. He began his career with Life Insurance Corporation of India in various cadres. He retired from the LIC in the year 1997 in the cadre of Senior Divisional ManagerHe was actively associated with the Group Insurance Departments of the LIC at DelhiAjmer and LucknowHe also worked as Vice Principal of Zonal Training Centre of LIC at Gurgaon. After retirement from LIC he worked as Actuaryto CGU Life Insurance Company (a joint venture) for some period. He also worked as Visiting Faculty with some Institutes and Academies of repute.

His Human Resources & Infrastructure:- He is supported by a team of highly skilled personnel equipped with the expertise-statistical, actuarial and analytical essential to meet the changing needs of Accounting Standards. His human resources are his strength and asset. He has a office with adequate Infrastructure (Computer Hardware).

His Clients:- His clients are spread in all sectors of the Indian Economy, in the Public & Private Sectors which covers areas of Manufacturing, Software, Technology, Electricity, Electronics, Call Centers, Banks, Educational Institutes, Schools, Universities, IIT’s, Hotels, Hospitals, Hospitality Companies etc. etc. He also associated with Multinational Companies (MNC’s). 

His Terms & Conditions:- All services provided by him are subject to terms & conditions stated when a job is accepted.

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