Parshva Shah Email & Phone Number

New York, NY, US

Health - Actuarial

New York, NY, US

• Health - Actuarial
• Serve as the Lead Actuary for multiple clients and oversee the financial work done by client teams
• Drive meetings with C-suite and provide strategic advice to a wide range of mid to large market clients
• As Mercer's H&B Tech Survey Lead, serve as primary owner of multiple healthcare cost and total rewards surveys for the high tech industry used for clients and prospects globally
• People manager for colleagues with varying levels of experience (experienced hires to interns)
• Set roles and responsibilities for client team members and help them grow into the next level

New York, NY, US

Health - Actuarial

Houston, TX, US

New York City, NY, US

Collaborate with leaders from all walks of life and work towards everyone’s growth with a focus on inclusive and purpose-driven leadership.

London, England, GB

• Health - Actuarial
• Led the development of accrual rates for self-insured plans, preliminary budget over $100M while modeling potential plan design changes, evaluation of Health Care Reform impact and development of quarterly Incurred But.
• Enhanced the IBNR / IBNP review process by creating tools used across multiple clients in the San Francisco office which complement the existing Willis Towers Watson IBNR model
• Co-led the benefits modernization project for one of the largest health plan / provider systems
• Managed benefit renewal process including drafting request for quotations / renewals, analyze responses and ASO fee and insurance premium negotiations (saved clients $10K – $2M)
• Worked closely with clients to establish employee contribution scenarios that meet their needs

Worldwide, OO

• Health - Actuarial
• Led the team while serving as the primary reviewer of development of unpaid claims liabilities for a State's Medicaid program
• Oversaw the audit and testing of several health plans and self-funded employer health incurred but not paid claim liabilities ranging from $50K to $1B and non-lag liability review, including methodology review and.
• Spearheaded studies related to IBNR calculations to reference when less than desirable data was provided
• Enhanced the functionalities in the Deloitte IBNR model and delegated and managed building of models and tools to leverage for multiple clients
• Produced underwriting quotes for public employers, both small and large groups while analyzing group claims experience to make adjustments in quote development

Seattle, WA, US

• Retirement - Actuarial
• Worked as lead actuarial support to multiple defined benefit plans that we administered on behalf of single employer pension plan clients and coordinated with clients, internal managers and coders on a daily basis
• Led the conversion of administration for salaried and union pension plans for multinationals
• Configured new clients on actuarial valuation software
• Performed revenue analysis for Co-op 401K Plan administered by Midwest Employee Benefits practice of Milliman
• Performed cost analysis for tentative plan design changes for a hospital

London, England, GB

• Retirement - Actuarial
• Worked on Funding, FAS 87 (Qualified and Non-Qualified), IAS 19 and FAS 106 valuations using ProVal, eVal and WyVal and completed government forms
• Reviewed and analyzed relevant assumptions and updated and verified complex coding in WyVal to calculate liabilities for DB plans
• Converted plans from WyVal to eVal for liability calculations
• Drafted client letters, reports and invoices and actively participated in client meetings
• Established a training program and trained new hires and summer interns

Champaign, IL, US

Irwin Academic Services Center

Urbana-Champaign, Illinois, US

Worldwide, OO

• Property & Casualty, Life and Health - Actuarial
• Used loss triangles to calculate the claims reserve for a major auto insurance company (P & C)
• Calculated the workers’ compensation claims reserve for a risk management agency serving the municipalities, school districts and local public agencies of an entire state (P & C)
• Evaluated the price tag of an insurance agency by projecting their renewal commissions (Life)
• Performed preliminary review of the bids submitted by healthcare firms to the Centers for Medicare and Medicaid Services (Health)
• Presented during inter-office meetings and actively participated in meetings with clients

Rolling Meadows, Illinois, US

Retirement - ActuarialPerformed benefit calculations, enhanced tools using VBA and prepared government forms

Mumbai, Maharashtra, IN

Retirement - ActuarialPerformed actuarial valuation of a company’s liability on account of defined benefit schemes such as gratuity (similar to pension) and vacation benefit

B.S., Actuarial Science & Private Pilot License

Junior College (11Th & 12Th) / (Senior) High School

Middle & (Junior) High School

Education record

Education record