New products' Implementation and Launch, Existing products' amendments along with any required Product Analysis

 Restudying all individual and corporate products and attached riders (Wordings and Technical side) in compliance with New FRA Takaful Regulations and working on designing new recommended products.  Implementing many technical projects and fulfilling related technical requirements or simulations such as: New Individual System, Onboard Web Sales Application and Rating Requirements Project Restructuring the business of the department, redesigning all outputs, tools, clients'… Show more  Restudying all individual and corporate products and attached riders (Wordings and Technical side) in compliance with New FRA Takaful Regulations and working on designing new recommended products.  Implementing many technical projects and fulfilling related technical requirements or simulations such as: New Individual System, Onboard Web Sales Application and Rating Requirements Project Restructuring the business of the department, redesigning all outputs, tools, clients' statements, defining missing technical products' know-how and lbuilding complete technical and operational FRA filing.  Calculating actual and projected quarterly mathematical reserves, wakalah and portfolio cash values.  Developing New Quotations, Actuarial Models for reserving or pricing purposes along with substandard offers.  Preparing FRA Quarterly Technical Reports and FRA Portfolio-Related reports for the company.  Preparing comparative studies and market surveys for the company's products compared to the market.  Working on designing analysis statistics and reports or studies (e.g. sales policies studies or building new structure, persistency reports, surplus or portfolio analysis)  Managing technical or operational communications and fulfilling requirements for FRA or Mother Company. Show less

I have been approved by FRA for that role and that added to the above functions, the following RI functions:  Restructuring the business of the reinsurance department and redesigning all business outputs and tools.  Preparing Quarterly RI statements of accounts, premiums and claims Bordereaux for all reinsurers or treaties, and profit commission yearly statements and follow up on confirming and hence settling reinsurers' accounts.  Executing analytical studies related to RI… Show more I have been approved by FRA for that role and that added to the above functions, the following RI functions:  Restructuring the business of the reinsurance department and redesigning all business outputs and tools.  Preparing Quarterly RI statements of accounts, premiums and claims Bordereaux for all reinsurers or treaties, and profit commission yearly statements and follow up on confirming and hence settling reinsurers' accounts.  Executing analytical studies related to RI Profile segmentations and Facultative contracts profitability.  Handling correspondences and inquiries either with FRA or reinsurers in terms of treaties Renewals or others. Show less

Functional Business development Responsibilities and projects in both fields: Technical project management for co.'s Technical Applications. Develop co.'s current products or any trending products Technical Project management for co.'s new corporate system (Actuarial and RI),includes preparing Business Analysis and actuarial simulations.. Prepare actuarial simulations and Product/Business analysis to add new life products on co.'s system/calculate reserves/any reports… Show more Functional Business development Responsibilities and projects in both fields: Technical project management for co.'s Technical Applications. Develop co.'s current products or any trending products Technical Project management for co.'s new corporate system (Actuarial and RI),includes preparing Business Analysis and actuarial simulations.. Prepare actuarial simulations and Product/Business analysis to add new life products on co.'s system/calculate reserves/any reports layouts. Develop actuarial models for Math. reserves, pricing quotations ( indiv./corp.)Functional Business Coordination Responsibilities in both fields:It includes: Business Allocation among team members, ensure rotation of tasks, technical support, Tasks Follow up with colleagues, tasks updated status..Functional Technical ResponsibilitiesActuarial:Regular: Review co.'s quarterly Indiv./corp. Math. reserves/dividends given co.'s actuary recommendations Prepare substandard corp. offers Calculate budgeting projected actuarial reserves, premiums, claims, expenses ratios and RI figures Price and design new life indiv./corp. products/prepare pricing quots and modelsReporting, statistics and data analysis: Review EFSA Quarterly Reports/any required reports Perform corp.contracts studies/Surplus checks Prepare compar. studies, surveys and cash in/out flow studies Prepare diff. data analysis reports Prepare claims/cost analysis reports for co. portfolio/sales structureRI: Review Quarterly RI statements of accounts, Bordereaux for co.'s reinsurers. Calculate PC statements. Send RI accounts to reinsurers to get it confirmed and settled RI correspondences for Fac. renewal and, treaty amendments, Corporate quots, claims cases, Fac. indiv. cases..) Executing various analytical studies (e.g. RI Profile segments, Fac..etc) Handling EFSA inquiries for RI issues Participate and prepare for meetings with reinsurers Show less

Adding to the above regular RI and actuarial, Actuarial reporting and analytical functions, I have been working on:  Designing and pricing new products such as: o Unit linked different plans, two new pension plans and life package education plan Along with preparing related quotations and pricing models and all related FRA Documentations.  Quotation Module Project Design in the company's new corporate system.

Internship