Welcome to the Institute of Actuaries of India

Finance and Admin Committee
(Re-constituted with effect from 19th December, 2020. Updated on 19th December, 2020)

Mr. Subhendu Kumar Bal (Chairperson)
Mr. Abhay Tewari (Member)
Mr. Pravir Chandra (Member)
Mr. Richard Holloway (Member)
Mr. Jutti Bhaskar (External Member)
Ms. Shruti Srivastava (External Member)

IAI Secretarial support: Mr. Gururaj Nayak, Deputy Director

Functions

1) Develop financial budget for current year and estimated budgets for the succeeding three years.
2) Liaise with Committees, Advisory Groups and other such groups as far as it relates to finances of the Institute.
3) All matters relating to the conduct of examinations including selection of examiners /markers, honorarium, logistics,
declaration of results, addressing student grievances, probing examination malpractices etc.
4) Management of financial condition including Tax matters of the Institute.
5) Development and implementation of financial controls and accounting policies of the Institute.
6) Develop an investment policy and take decisions on investments in line with the policy.
7) Oversee the administration of the institute with regard to member service delivery and HR practices.
8) Implement the student support scheme or other similar schemes meant for welfare of the members of the Institute
9) Other functions that may be assigned to this Committee from time to time by the Council.

Reporting

The Committee shall report to the Council.