Omer Khan Email & Phone Number

Tunbridge Wells/London

Edinburgh, United Kingdom

•Developed a model to evaluate the overall impact to employers if their schemes are upgraded to a platform whilst ensuring that it is adequately documented and complies with the required Aegon policies •Supported the workplace pricing team to ensure that all pricing processes and excel based tools are efficient and effective

Lahore, Pakistan

• Improved the actuarial procedures and models used within the Company, across the life and non-life business, in particular: o Enhanced efficiency, using VBA, of the Company’s Excel based reserving models for both life and non-life products o Developed a business plan model for life insurance clients to determine profitability and reserving requirements by projecting revenue accounts under various scenarios and assumptions• Responsible for quarterly actuarial valuations for life and non-life clients, involving: o Calculation of technical reserves including unearned premium reserve, unexpired risk reserve and IBNR reserve o Preparation of Actuarial Valuation Reports for financial reporting• Prepared annual Financial Condition Reports for life and non-life clients, which required: o Assessment of the client’s capability to meet future risk scenarios o Determining the solvency position based on the client’s current financial position• Managed a team of analysts to complete pricing exercises for several non-life clients based in the Middle East, comprising of: o Data analysis and reconciliation o Calculation of risk-based rates by rating factors o Evaluation of smoothed rates based on competitor and trend analysis o Preparation of actuarial pricing reports for the client for reporting to the regulator• Conducted product development analysis for an international life insurer expanding its business in the Middle East, which included: o Modelling profit margins and cashflows for various new products o Calculation of discounted payback period and profitability o Scenario testing and sensitivity analysis o Preparation of an actuarial pricing review report for the regulator (Saudi Arabian Monetary Agency)

Lahore, Pakistan

• Involved with pricing for the following 5 products; Contractor All Risk, Erection All Risk, Electronic Equipment, Machinery Breakdown and Boiler/Pressure Vessel Insurance.• Responsible for generating monthly conversion reports and conducting analysis conversion stats, using excel. • Performed analysis to determine new rating factors for Contractor All Risk and Erection All Risk product.• Analysed claim experience of our products in order to help with the product pricing.• Created and ran test cases to ensure systems generate the accurate premiums.• Analysed premiums of competitors to determine the competitiveness of our premiums• Responsible for negotiating rates, terms and conditions of our products with the clients directly.• Given the additional charge of Business Development in January 2011, in order to increase and ultimately improve our clientele.• Premium generated for the Engineering department till August 2011 was Rs. 48 million as compared to the last years total of Rs. 52 million.

Edinburgh, United Kingdom

• Regular reviews and reconciliations of several whole-life protection policies; ensuring premiums are sufficient to meet the original SA. Improving processes and constantly ensuring efficiency.• Testing and updating Standard Life’s asset portfolio planning tools; stochastic modelling tools based on efficient frontier theories outlining possible asset allocations for optimal investments. • Analysis of company asset’s results obtained from the modelling process above to generate efficient portfolios according to FSA restrictions and capital adequacy requirements.• Validation testing, analysis and reporting of Capital Investment bonds and group pensions for Standard Life ‘New Quotation Platform’ using internal scenario-testing planning tools.• Dealing with ‘Fund Price Remediation’ and price adjustments in self invested personal pension plans. • Modifying existing valuation techniques to determine capital investment bond growth which accurately forecasts future trends in assets and liabilities with underlying consistent assumptions. Improving and updating programs used in the pricing of investment related services.• Comprehensive/Thorough research on regulated pricing techniques and product specifications of various group and individual pension plans to ensure compliance with FSA’s new ‘Code of Business’.• Ensuring effective coordination and planning between Standard Life’s investments, customer services and finance operations departments for long term development and improvement of daily issues affecting certain departments.

Master Of Science (Msc)

Bsc (Hons)