Present:
Actuarial Assistant.
Team leader in company affairs department
Egyptian Financial Supervisory Authority
* Examine the financial statements according to the risk based supervision approach to evaluate the financial and investment risks associated with the insurance policies in the mean time asses how the company mitigate these types of risks
March 2005 to October 2009
Technical assistant at chairman office
Egyptian Financial Supervisory Authority
*Act as technical assistant for the chairman regarding insurance companies and market activities, Coordinate communications with other CEOs and managers. Pass on specialized and sensitive information which impacts Egyptian Insurance Supervisory Authority programs and activities.
Compose variety of reports, statistical charts, and agendas; type from rough draft or verbal instructions; transcribe machine recordings precisely or by summary.
*Compile, organize and consolidate financial and statistical data required to analyze and reconcile numerical data and narrative information; develop spreadsheets to facilitate data analysis.
*In cooperating with USAID Program, being as Egyptian Insurance Supervisory Authority team member of Champions to adapt and transfer EISA to the Risk Based Supervision new regime.
*Assist in developing methodology in reserving and rating analysis for Motor Third Party Liability.
*Conduct SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis for Egyptian insurance market to be published in the annual strategic report.
*Respond to requests for information; take detailed messages concerning issues of significance; prepare agendas and action items; transcribe and distribute written summaries or minutes. Review work done by others to check for correct spelling and grammar, ensure that Egyptian Insurance Supervisory Authority format policies are followed, and recommend revisions.
*Independently prepare correspondence and memorandums, manage the administrator’s calendar as requested.
August 2001 to March 2005
Actuarial assistant
Egyptian Financial Supervisory Authority
* Set up assumptions used for modeling expenses, risk and loss trends. Coordinating and performing actuarial and statistical analysis for evaluating potential liabilities and recommending rate structures and summarizes results. Designs and maintains financially sound insurance programs.
* Develop and maintain the necessary computer applications (queries & spreadsheets, etc.) required in the rate making process.
* Analyze past events for particular groups of people. Anticipate changes in Insurance practices by monitoring economic and social conditions. Compose and produce reports/tables, documents and related material, and answers technical questions regarding the data and trends.
* Research, develop and test methods and algorithms for modeling insurance financial structures.
* Examine rate changes proposed from insurance companies and preparing management reports for reserving analysis. Present reports using Power Point. * Perform financial projections and providing actuarial technical support for various departments. Formulate and interpret mathematical ratemaking models using statistical programming languages.
August 2000 to March 2001
Actuarial trainee
American International Group (AIG) – USA
* Examine and adjust rates for corporate life division..
October 1999 to April 2000
Statistics Tutor
Math and Science Resources Center (MSRC), Temple University - USA
*Assist undergraduate students with problems in probability and statistics.
January 1995 to November 1998
Financial Analyst
*Review annual statement and financial notes related to insurance activities. Participate in other financial analyses and perform monthly reporting and results analysis. Provide support to the companies in their efforts to achieve loss ratio goals.
*Quarterly evaluations of loss and actuarial reserve indications are required to accurately report financial results and to understand the effectiveness of company business model.
*Accurate and timely reserve reviews of loss and loss expense, including evaluation of exposures and trends which affect reserves.
*Provide technical support for other members in the on-site examination team and play a key role in driving future direction and strategy of the group.
*Reconcile and verify data accuracy. Develop and modify worksheets and programs to include changes in business or legal requirements.
*Identify and track the key performance indicators for retention, flow statistics, and large loss tracking, and assist in the development of appropriately responding strategies.
*Participate in the Actuarial Exam Program and continue to increase actuarial knowledge and develop technical skills.
*Ensure that the Egyptian insurance companies maintain a solvency margin and the adequacy of technical reserves - loss reserves (including IBNR), premium reserves, and fluctuation reserves - using different statistical methods.
