Mohammad Bilal Qureshi
Karachi
Summary
Efficient Senior Actuarial Analyst with extensive experience in IFRS 17 implementation, actuarial reserving, and motor insurance pricing. Proficient in Addactis and ACE-17 systems, providing on-site support and training. Skilled in actuarial valuation, data analysis, and developing models for accurate reporting. Adept at communicating technical concepts to non-actuarial stakeholders and improving operational efficiency.
Overview
6
6
years of professional experience
1
1
Certification
Work History
Senior Actuarial Analyst
Badri Management Consultancy
07.2022 - Current
- Assisted in the implementation of IFRS 17 requirements for non-life insurance in KSA and UAE, including the evaluation of financial impacts and the establishment
of new actuarial methodologies. - Performed Actuarial reserving by using standard actuarial methods including Chain-Ladder, Bornhuetter-Ferguson and Expected Loss Ratio methods.
- Hands-on experience on different IFRS 17 Systems (Addactis and ACE-17 Model).
- Performed Motor insurance pricing for insurance company in Oman for profitability and competitiveness, while ensuring regulatory compliance and underwriting profitability.
- Conducted multiple secondments in KSA, providing on-site support and training to cross-functional teams during crucial phases of the IFRS 17 implementation.
Actuarial Analyst
Badri Management Consultancy
07.2020 - 06.2022
- Assisted in the peer review process of employee benefits calculations.
- Assisted in training the new employees and guide them through all the process.
- Conducted market analysis based on Company’s clientele portfolio for salary increase rate and employee’s withdrawal rate.
- Worked with the Ministry of Saudi Arabia to calculate financial and actuarial impact due to change in promotions criteria of employees and restructuring of the grading systems.
Junior Actuarial Analyst
Badri Management Consultancy
12.2018 - 06.2020
- Conducted Actuarial valuation and performed data analysis for different gratuity and Leave Encashment Schemes and prepared the accounting disclosures under IAS 19.
- Data reconciliation and validation with the financial. Tailored communication strategies to explain technical concepts to non-actuarial stakeholders.
- Developed and maintained actuarial models to forecast and estimate end of service liabilities, resulting in improved accuracy and efficiency in reporting.
Education
Bachelor of Science - Actuarial Science And Risk Management
University of Karachi
Karachi, Pakistan12-2018
Skills
- Analytical
- Financial Risk Analysis
- Advanced Excel
- Excel VBA
- Problem-Solving
- Time Management
Accomplishments
Led the new developments and stabilization of IFRS 17 tool, resulting in significant improvement in accuracy, efficiency and time saving.
Certification
Coursera Excel/VBA for Creative Problem Solving, Part 1
Society of Actuaries Exam FM
Areas of Specialization
- IFRS-17 implementation & Insurance Analytics
- End of Service Benefits (EOSB) & Pension Scheme Valuations
- Financial Impact Analysis & Risk Assessment
- Advanced Data Analytics & Actuarial Modeling (Addactis, ACE-17)
- Technical Communication & Stakeholder Management
Languages
Urdu
Native language
English
Advanced
C1
Profiles
Linkedin.com/in/bilal-qureshi-103
Timeline
Senior Actuarial Analyst
Badri Management Consultancy
07.2022 - Current
Actuarial Analyst
Badri Management Consultancy
07.2020 - 06.2022
Junior Actuarial Analyst
Badri Management Consultancy
12.2018 - 06.2020
Coursera Excel/VBA for Creative Problem Solving, Part 1
Society of Actuaries Exam FM
Bachelor of Science - Actuarial Science And Risk Management
University of Karachi
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