MANIKA MADAN, ASA

Permanent Resident +1-437-***-**** ad25dv@r.postjobfree.com Toronto, ON

SUMMARY

-Eligible for Qualified Associate ASA degree from European-equivalent Actuarial society, left with 1 exam to FSA.

-Data-driven actuarial professional with proven experience working in valuation, strong background in corporate actuarial analysis.

-6.5 years in Life Insurance, working with high profile clients and stakeholders around the globe.

-Self-Motivator and pragmatic communicator who works well independently, and in team-oriented environment.

-Strong mathematics, statistics and data skills, with masters in statistics.

-Technical and professional trainer to junior team members, 3 years direct management experience.

CORE COMPETENCIES

Analytical and problem solving skills

Oral and written communication skills

Actuarial Tool– Prophet, Axis, R

Collaborative

Microsoft Office- Excel, Powerpoint

Problem solving

Forecasting

Technical Knowledge of IFRS17

Project management

Teamwork

Attention to detail

Decision making

Communication skills

Leadership skills

Regulatory Capital Requirements

PROFESSIONAL EXPERIENCE

MetLife Insurance - Unit Manager -Lead Actuarial Analyst (UK Analysis Team) Mar 2019 – Dec 2022

Products – Term, Income Protection, Accident & Health, Long Term Care, Critical Illness

Analyzed and explained quarterly movements in Solvency II results – Validation of Best Estimate Liability, Reins Asset, and Solvency Capital Requirement numbers; created un-modelled adjustments in case of modelled limitations

Performed quarterly Analysis of Experience (compared the Actual experience against expectations, suggested updates to assumptions based adverse movements in A/Es)

Performed Own Risk and Solvency Assessment (ORSA) annually

Performed quarterly shareholding reporting of the Value of new business and communicated results to Technical and Non-Technical audience (up to CFO level), measuring the profitability of new/ongoing contracts based on various actuarial metrics

Prepared Quarterly Reporting Templates (QRTs)

Involved in audit engagements including review of valuation methodologies, database, model output, processes, assumptions, experience studies and regulatory capital reporting

Performed Pricing model reviews - studied product detail documents, reviewed profitability metrics and suggested best practices to improve profitability of business to support product design exercise

Ensured documentation for analysis activities for reporting move from Dublin to Noida office

Ensured collaboration with stakeholders to identify scope and objectives, developed an effective work plan, ensured projects were on track

Prophet Model experience: Validated cash flows, performed test runs, altered assumption tables, Model Point Files(MPFs), run settings and codes in Prophet test environment, suggested model developments, reviewed updates to actuarial metrics and supported model developments sign off based on Solvency II valuation standards

Key Highlight:

Recognized eight times at the MetLife center stage platform by managers and senior stakeholders, specifically for resolving a major Prophet modelling error which ultimately helped getting rid of a critical modelling adjustment

Swiss Re Global Business Solutions - Corporate Actuarial Analyst Jul 2016 – Feb 2019

Global Actuarial Risk & Governance Team, Swiss Re Global Business Solutions Sep 2017 – Feb 2019

Uploaded valuation cash flows received at a granular level, to the Model Point Store (MPS) frontend application

Projected and validated capital requirements under base and stressed scenarios

Performed big data quality and model point accuracy checks

Regenerated decrement rates and cash flows at model point level after applying sensitivities through reverse engineering algorithms

Performed quarterly delivery process to upload the processed Model Points to group risk model

Asia Valuation Team, Swiss Re Global Business Solutions Feb 2017 – Aug 2017

Performed quarterly valuation of the Embedded Value (EV) process for 2 quarters for the Asia region

Involved in setting up assumptions for bulk treaties using a loss ratio approach for new business

Involved in projecting and analyzing the cash flows using the loss ratio model on MoSes

Involved in calibrating rating expense based on treaty duration

Performed sensitivity testing on the quarterly valuation numbers for local reporting in India

Involved in extracting and analyzing Sum Assured cash flows between quarters for Asia for S&P ratings

Worked closely with line actuaries in reviewing and streamlining valuation methodology and processes

Key Highlights

As a member of the Swiss Re Actuarial Institute (SRAI) Programme, gave a presentation to the co-members and sponsors of the SRAI program on the following topic: "Embedded Value basis of valuation of bulk treaties for New Business"

Axis Modelling Team, Swiss Re Global Business Solutions Jul 2016– Jan 2017

Involved in transferring Pricing models for US treaties to Valuation models from ALFA software to AXIS via ICE (internal) platform on Embedded Value (Best estimate) basis

Performed modelling of the costing assumptions as per the treaty in ICE; compared the results of the current model with the existing model in MG ALFA

Performed Valuation Production runs on AXIS: experience on Data Link Tables and Files, Model Points/Cells/Sub Funds/Funds, Batches, Tables

Involved in understanding US deals based on reading treaties and amendments respective to various quotes

Documented the conversion process to record the unusual model alterations

Key Highlights

Completed maximum count of quote conversions for November 2016

EDUCATION

Left with 1 exam to Fellowship from European SOA Equivalent society i.e. IFoA

MSc in Statistics - Hindu College, University of Delhi, India

BSc in Statistics - Ramjas College, University of Delhi, India

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