Khalid A. Alajaji, Asa Email & Phone Number

Riyadh, Saudi Arabia

Saudi Arabia

• Responsible Actuary for all medical insurance tasks within the Actuarial Department.• Member of the IFRS 17 implementation team supporting the gap analysis, design, and implementation phases.• Leading the development of internal SAS and Excel models and automating existing processes.• Such models include reserving, assets-liabilities matching, and accounts renewal ratio models.• Estimate technical reserves internally and discuss results with Finance and appointed actuary.• Review large accounts' performance periodically and discuss findings with management.• Price the medical portfolio in cooperation with the underwriters and appointed actuary.• Review and monitor the business units' annual budget throughout the year.• Carry asset-liability matching exercises using modified durations and cash flow projections.• Carry the reinsurance adequacy exercise using the Monte Carlo simulation method.• Train and guide the actuarial analyst of the team on existing tools and processes.

Riyadh, Saudi Arabia

Riyadh, Saudi Arabia

Riyadh, Saudi Arabia

Served as a risk advisor supporting product team building credit risk management processes

Dubai

My responsibilities spanned across multiple actuarial disciplines from health, life, property and casualty, as well as various other tasks such as pricing, reserving and support for financial regulators. During my time at Milliman, I worked on client assignments in the GCC and the United States. In particular:• Estimated the technical reserves for insurance and reinsurance companies in the region – Health and P&C lines of business.• Priced Motor and Medical insurance plans based on portfolio historical experience. • Checked the financial health of local insurance companies. This includes checking a company’s investments, capital, reserves and underwriting performance.• Collected and analyzed Takaful industry financial data (i.e. financial ratios, growth rate.) The results are published in the 2017 Milliman Global Takaful Report.• Created insurance market reserves benchmarking tool that aggregates market data and tests selected companies reserves against their peers.• Reviewed and approved insurance products on behalf of insurance regulators.• Helped estimate the costs of universal health coverage plan for the Saudi Arabian Ministry of Health.• Worked on projecting the costs of CCHI cooperative health insurance fund per insured member.

Greater Atlanta Area

Worked at Milliman Atlanta (GA, USA) Health practice from March to June of 2019 and 2018. • Priced Medicare Advantage Plans, parts C & D.• Projected the costs of pharmaceutical agreements for Pharmacy Benefit Managers (PBMs) in the United States.

Greater Atlanta Area

San Francisco Bay Area

- Worked with a team testing health insurance plans to comply with the Mental Health Parity & Addiction Equity Act.- Reported results in a timely manner to the Product Dept. and the Legal Dept.- Enhanced the Excel model used in testing to produce a new version with additional functionalities. - Work included understanding and writing codes using Visual Basic for Application (VBA).

Saudi Arabia

(Summer Job) Searched for and purchased palm dates and equipments to assist all company's departments. The search include traveling between Al-Hasa, Riyadh, Al-Qassim and other regions in Saudi Arabia to find high quality dates at low costs.

Greater Los Angeles Area

Crafted and sold advertising plans targeting UCLA students, faculty and staff. Advertising spaces include print, web and outdoor spaces. I was responsible for managing pre-existing clients accounts and cold-calling new clients explaining the benefits of our mediums, using statistics on readership and viewing figures. These responsibilities included: placing orders, receiving artwork, billing and collection. I worked 12 hours per week during the academic year.

Worked with a team developing effective marketing methods for Daily Bruin clients. Our team project included marketing Kaplan Test Prep products and bring awareness of the services offered on UCLA campus. Our team attended all UCLA home basketball games to inform students of Kaplan's products. Accomplishments: - 2nd place team out of 8 teams- 3rd place intern out of 39 interns.- Promoted to Advertising Sales Representative.

Merced, California Area

Tutored Single and Multivariable Calculus to small groups of UC Merced students in The Bright Success Center. Assisted students in improving academic achievement by meeting them on a regular basis to clarify learning problems and work on study skills. Other assistance included: reviewing class material, discussing the text, predicting test questions, and working on solutions to homework problems.

Analyzed extra-solar planets data using General Circulation Models on MATLAB. Also, Tailoring the code after assessing planet parameters and plot results on graphs.