Bindusri De Silva, Fiaa Email & Phone Number

Sydney, New South Wales, Australia

Sydney, New South Wales, Australia

Working in the Office of the Superannuation Trustee and drawing upon the experience of previous role at APRA, I provided Risk Governance support for Perpetual Superannuation Limited and regulatory liaison with APRA.Projects worked on include:1/ Super Data Transformation reporting2/ Business Plan, ensuring compliance with SPS 5153/ Vulnerable Member Policy4/ Quarterly Life Insurance Claims reportingOutcome: The changes implemented led to APRA's Supervision Risk and… Show more Working in the Office of the Superannuation Trustee and drawing upon the experience of previous role at APRA, I provided Risk Governance support for Perpetual Superannuation Limited and regulatory liaison with APRA.Projects worked on include:1/ Super Data Transformation reporting2/ Business Plan, ensuring compliance with SPS 5153/ Vulnerable Member Policy4/ Quarterly Life Insurance Claims reportingOutcome: The changes implemented led to APRA's Supervision Risk and Intensity rating for Perpetual Superannuation Limited improving to the top echelon. Show less

Sydney, Australia

Following on from the success of my entity engagement using a earlier prototype of APRA's MySuper Heatmap, I transferred to the Member Outcomes Team to develop the official version.Key AchievementHelped to design APRA's MySuper Heatmap to the Industry, with primary responsibility for the development of the Sustainability of Member Outcomes section.Currently have primary responsibility for developing the (Life) Insurance component of the Heatmap.

Sydney

Primarily responsible for supervising a Tier 1 (High Impact) entity.Key achievementsEngaged entity to reduce its admin fees, highlighting analysis that I developed, which eventually formed the basis of APRA's MySuper Heatmap.Outcome: Entity reduced its fees to align with the median level of my analysisEpilogue: Through this intervention, the entity was able to avoid red shading for admin fees on APRA's MySuper Heatmap.Other notable achievements:Guided another… Show more Primarily responsible for supervising a Tier 1 (High Impact) entity.Key achievementsEngaged entity to reduce its admin fees, highlighting analysis that I developed, which eventually formed the basis of APRA's MySuper Heatmap.Outcome: Entity reduced its fees to align with the median level of my analysisEpilogue: Through this intervention, the entity was able to avoid red shading for admin fees on APRA's MySuper Heatmap.Other notable achievements:Guided another entity to obtain MySuper Authorisation for its fund under a demanding timeline to enable it to undertake a corporate restructure including the sale of life insurance business. Show less

Sydney Area, Australia

My main responsibility is to draft LPS320s for:o 2016 Credit Card Plus Upgradeo 2016 FirstChoice Personal (FCP) rerate Special Project: The Media event required a fast upgrade to outdated medical definitions of all affected products with a trauma benefit. The medical definition for the affected products were upgraded and delivered within the week. I also  demonstrated stakeholder management skills, which includes GMs. provide leadership of my team, which includes… Show more My main responsibility is to draft LPS320s for:o 2016 Credit Card Plus Upgradeo 2016 FirstChoice Personal (FCP) rerate Special Project: The Media event required a fast upgrade to outdated medical definitions of all affected products with a trauma benefit. The medical definition for the affected products were upgraded and delivered within the week. I also  demonstrated stakeholder management skills, which includes GMs. provide leadership of my team, which includes another actuary resolved “Instances” in relation to stamp duty and other remediation projects provided support to other teams by taking up secondments to Group Life Pricing (FCP rerate)and Individual Risk Finance to assist with preparation for end of financial year reporting.My achievements include improved customer engagement and facilitating delivery on corporate objectives by drafting LPS320s for: 2015 Loan Protection Upgrade, 2016 Credit Card Plus Upgrade and 2016 FCP rerate resulting in the implementation of the desired product changes  meeting project delivery within tight deadlines through strong stakeholder management when engaging with Appointed Actuary, Head of Product and other senior executives reducing the risk of stamp duty underpayment and associated penalty interest costs by providing leadership for “Instances” (stamp duty) and other remediation projects. My responsibilities often included extracting the required data and ensuring it was of appropriate quality. improving the team performance and people capability by leveraging strong leadership, coaching and commercial acumen support of other teams by drafting the LPS320 for the FCP rerate and fitting of the new decrements tables required for end of year financial reporting Show less

Sydney Area, Australia

Main responsibility: Preparation of the Policy Liability Report Pack for Performance ReportingI was also responsible for  implementing LAGIC reforms for new capital requirements pricing life annuities, special quotes for high net worth individuals developing and maintaining pricing and valuation models  assisting with preparation Financial Condition Report. supporting other business units with: o liquidity management to keep the company solvent, o due… Show more Main responsibility: Preparation of the Policy Liability Report Pack for Performance ReportingI was also responsible for  implementing LAGIC reforms for new capital requirements pricing life annuities, special quotes for high net worth individuals developing and maintaining pricing and valuation models  assisting with preparation Financial Condition Report. supporting other business units with: o liquidity management to keep the company solvent, o due diligence for Bendzulla acquisitionMy achievements include: improved the productivity and strategic decision making by managing and delivering the Policy Liability Report Pack for Performance Reporting ensuring that Challenger met regulatory requirements by implementing LAGIC reforms improved sales and customer engagement, when I provided special quotes for life annuities for high net worth individuals improved overall productivity by developing and maintaining pricing and valuation models mitigating the risk of liquidity crises and allowed the establishment of hedging bases by supporting internal customers with near term and long term cash flow forecasts facilitating Challenger’s acquisition of Bendzulla through my due diligence work on the Bendzulla actuarial models . Show less

North Sydney

Main responsibility: As the Actuary for the Asia Pacific region, I was responsible for quantitative model development for Combined Insurance’s Asia Pacific operations used by Senior Management, including CEO, CFO, CIO and also Senior Actuaries based in the USA. Special Project: Purchase GAAP modelling for ACE acquisitionI designed and developed new models for:  Strategic decision making Reviewing the risk concentrations  Monthly Dashboard to review the… Show more Main responsibility: As the Actuary for the Asia Pacific region, I was responsible for quantitative model development for Combined Insurance’s Asia Pacific operations used by Senior Management, including CEO, CFO, CIO and also Senior Actuaries based in the USA. Special Project: Purchase GAAP modelling for ACE acquisitionI designed and developed new models for:  Strategic decision making Reviewing the risk concentrations  Monthly Dashboard to review the performance by product line. Repricing Reviewing performance of sales forceMy achievements include: performing the Purchase GAAP liability valuation for Combined Insurance's Australian business facilitating its merger with ACE. building the Strategy model which allowed the CEO to evaluate the strategic options available and their high level financial consequences. identifying the breach and then ensuring Combined insurance operations complied with the Board’s Risk Management Policy producing a monthly dashboard that allowed Senior Management to identify the underperforming product lines. repricing underperforming product lines policy leading to their improved financial performance reviewing the sales performance of the sales force ultimately led to improved sales practices Show less

Sydney Area, Australia

Responsible for managing the ModelPlan model, the projection model used by Financial Planners and ensuring it reflected current market developments and conditions.

Melbourne, Australia

Lead the Actuarial consulting division, responsible for its financial performance. Highlights include: Grew Revenue by 110% in first year and Net Profit by 50%

Melbourne, Australia

Bachelor Of Commerce (B.Com.), Actuarial Science

Education record