Noman Usman Email & Phone Number

Pakistan

Pakistan

- Managing a team of 3 people.- Assist in Actuarial exercises as per the regulatory requirements of UAE (CBUAE), OMAN (CMA) & Sri Lanka (IRCSL)- Carry out quarterly reserving for Property & Casualty lines of business, and semi-annual pricing adequacy of Motor and Medical lines of business for one of the largest Takaful companies in the UAE under the supervision of a Senior Actuary. - Prepare the Industry Analysis Report on the performance of the UAE Insurance sector - Supporting… Show more - Managing a team of 3 people.- Assist in Actuarial exercises as per the regulatory requirements of UAE (CBUAE), OMAN (CMA) & Sri Lanka (IRCSL)- Carry out quarterly reserving for Property & Casualty lines of business, and semi-annual pricing adequacy of Motor and Medical lines of business for one of the largest Takaful companies in the UAE under the supervision of a Senior Actuary. - Prepare the Industry Analysis Report on the performance of the UAE Insurance sector - Supporting the internal process and projects of the company - Training and support of new colleagues Show less

- Perform periodic valuations, Pricing, Underwriting Performance and Investment Risk Analysis for Non - Life Insurance Companies.- Estimate loss reserves for Non-Life Insurance companies (i.e. IBNR reserves, UPR reserves, ULAE reserves).- Prepare regulatory reports for mid-year and annual review periods (Underwriting Review report, Actuarial Certificate, Investment Analysis report, Technical Provision Report, Financial Condition report, Pricing Review report)- Prepare and validate… Show more - Perform periodic valuations, Pricing, Underwriting Performance and Investment Risk Analysis for Non - Life Insurance Companies.- Estimate loss reserves for Non-Life Insurance companies (i.e. IBNR reserves, UPR reserves, ULAE reserves).- Prepare regulatory reports for mid-year and annual review periods (Underwriting Review report, Actuarial Certificate, Investment Analysis report, Technical Provision Report, Financial Condition report, Pricing Review report)- Prepare and validate Central Bank of UAE E-form for client.- Responsible for quarterly Risk Based Capital calculation for an insurance company in Sri Lanka Show less

Worked on preparing disclosures as per the IAS 19 and treatments of issues such as Past service, transitional liability, termination Gain/loss, curtailments and asset ceiling.Responsible for a number of actuarial valuations (defined benefit)

Perform Actuarial Valuation of Gratuity funds, Pension Schemes and long term Compensated leaves of the Local and International clients (Gulf Region), based on the guidelines of IAS 19 and US GAAP.

• Maintain all branch books and records and balancing of all respective heads on daily basis.• Responsible for all customer correspondence and other relevant docs filing.• Seeking approval of expenses and maintenance of concerned record.• Issuance and encashment of Bankers Cheques, Call Deposit Receipts and Term Deposit Receipts.• Ensuring that departmental activities are carried out strictly in accordance with the laid down procedures.

Karachi

Internsip in Actuarial Department at Takaful company provided me a detailed knowledge of Takaful products which includes; illustration and pricing program structure of unit based pricing model.

Karachi

Worked as an Internee in the Motor Underwritng department. Calculated the premiums of Group and Individual motor policies using Oracle based software ‘General Insurance and Accounting System’

During my Training, I was involved with Employee Benefits Team working on Actuarial Valuations of Gratuity and Pension Schemes in accordance with International Accounting Standards 19.

Karāchi, Sindh, Pakistan

As part of the business, I went through excessive details of companies like Shell, Warid. PTML, Pakistan Textile Sector etc, highlighted the business and financial risks involved with them and proposed whether RBS should continue doing business with these companies.

Asa (In Progress)

Exam Probability Exam Financial Maths Exam Investment and Financial Markets Exam Statistics for Risk Modeling VEE Economics VEE Applied.

Bs, Actuarial Sciences And Risk Management, Risk Theory, Actuarial Maths, Institutional Investment, Time Series And Forecasting

Hsc, Maths, Physics, Chemistry

Ssc, Maths, Physics, Chemistry