Summary of my key skills, the technologies I've used, and my work experience. For a more detailed work experience, please switch to standard CV view.
Key Skills
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Actuarial Services

I have more than a decade of experience in various actuarial services assignment required by life insurance/takaful companies, including product pricing and profit testing, reserving, embedded/appraisal value, risk-based capital, and surplus/bonus distribution.

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Financial Reporting

I have a solid background in financial reporting, catering to both internal and external stakeholders. My experience includes regional exposure from my assignment at a shared service center, where I managed parallel reporting to meet the needs of local, group, and overseas business units. I was also deeply involved in the IFRS17 implementation project.

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Prophet Modelling

I have practical experience in Prophet modelling, which includes model development, model review, Asset-Liability Strategy (ALS) library, stochastic modelling, Prophet API, and debugging.

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Internal Application Development

I have experience using Python for process improvement and developing Python-based models. I enjoy coding and programming and have worked on various personal projects as a hobby, which could be beneficial for my work.

Technologies & Tools
Actuarial Tools
Prophet
DCS
Excel-VBA
Web and Desktop Development
HTML
CSS
Node.js
Electron.js
Webpack
Programming Language
Python
JavaScript
Development Tools
Spyder
VS Code
Chrome DevTools
Version Control
Git
GitHub
Experience
  • May 2023 - Sep 2023
    Zurich Insurance Malaysia
    Head – IFRS17 Family Takaful
  • Mar 2018 - May 2023
    Zurich Insurance Malaysia
    Manager – Actuarial Service Center
  • Apr 2015 - Jun 2017
    Sun Life Malaysia
    Senior Manager – Valuation & Financial Reporting
  • Apr 2014 - Mar 2015
    Sun Life Malaysia
    Manager – Valuation & Financial Reporting
  • Oct 2012 - Mar 2014
    Sun Life Malaysia
    Assistant Manager – Financial Reporting
  • Jan 2010 - Sep 2012
    MAA Takaful
    Assistant Manager – Valuation
  • Dec 2007 - Dec 2009
    MAA Takaful
    Executive – Pricing
CV
IBRAHIM AHMAD | ACTUARIAL MANAGER
Actuarial manager with 15 years’ experience in actuarial valuation and reporting in family takaful/life insurance industry | Demonstrated the ability to apply actuarial theories to develop solutions to various assignments | Practical experience in the development and maintenance of actuarial model and software.
Key Skills
  • Actuarial Science: Actively pursuing actuarial qualification from the Institute and Faculty of Actuaries (UK). Completed all Core Technical papers.
  • IT Software:
    • Prophet: 11+ years practical experience from model development to model review. Experience includes Asset-Liability Strategy (ALS) library, stochastic modelling, Prophet API and debugging.
    • Microsoft Excel (with VBA): Practical experience in using Excel for actuarial modeling and analysis.
    • Python: Practical experience in using Python for process improvement (automation scripting, Python model as a faster alternative to Excel).
  • Knowledge of takaful models and takaful surplus distribution process.
  • Financial reporting (including IFRS17) and analysis.
Experience
Zurich Life Insurance Malaysia
Head – IFRS17 Family Takaful | May 2023 - Sep 2023
Manager – Actuarial Service Center | Mar 2018 - May 2023
Key responsibilities:
  • Team lead for the actuarial support to Hong Kong business unit (BU) including supervision of 4 direct reports.
  • Preparation of Group quarterly reporting including Market Consistent Embedded Value (MCEV), Swiss Solvency Test (SST) and Risk Based Capital (RBC).
  • Overall IFRS17 implementation which includes the review of Group IFRS17 requirement, Prophet modelling, system testing, and financial impact assessment.
  • Provide Prophet modelling support and maintenance.
Selected achievement:
  • Completed the implementation of the IFRS 17 for the Hong Kong BU, allowing the BU to analyze and report their financials under the new standard to the Group.
  • Completed the development of Prophet ALS library, enabling the Hong Kong BU to migrate their outdated model to the latest ALS library.
  • Proposed a Prophet Run automation solution using Python and Prophet API for further development by the shared service team. The solution enables Prophet to be run automatically upon detection of source data and notify user after the completion of the run (saving resources from low-value manual work).
Sun Life Malaysia
Senior Manager - Valuation & Financial Reporting | Apr 2015 – Jun 2017
Manager - Valuation & Financial Reporting | Apr 2014 – Mar 2015
Assistant Manager - Financial Reporting | Oct 2012 – Mar 2014
Key responsibilities:
  • Overall management of Takaful Valuation team, including supervision of 4 direct reports.
  • Review and communicate all aspect of actuarial valuation and reporting such as – movement of valuation data, movement of reserves, sources of earnings/surplus, embedded value (EV)/ Value of Inforce (VIF) calculation, valuation report and financial condition report (FCR).
  • Review the development and maintenance of various actuarial models/calculators.
  • Review and communicate results relevant to risk management of the company such as – movement of capital adequacy ratio (under RBC guidelines), stress test report, dynamic solvency test (part of FCR), individual target capital level and capital management plan (both under ICAAP guidelines) and reviewing relevant risk management policies.
  • Review and communicate actuarial results relevant to investment management of the company such as – duration/cash-flow matching (part of ALM) and stress testing for strategic asset allocation.
  • Monitor the experience of the company and reviewing the assumptions used in product pricing.
  • Review the calculation of surplus rate and monitor the distribution process.
Selected achievement:
  • Developed the Sources of Earnings (SOE) methodology for takaful business (based on Canadian GAAP), ensuring consistent reporting with Sun Life’s group. Awarded the i-Shine award in Q4 2015 for providing innovative solution for the company’s reporting requirement.
  • Developed and monitored the workflow for general takaful surplus distribution, which allows the company to distribute its surplus to participants for the first time. Awarded the i-Shine award in 2013 for demonstrating effective collaboration with other departments throughout the distribution process.
  • Review the calculation of surplus rate and monitor the distribution process.
MAA Takaful
Assistant Manager - Valuation | Jan 2010 – Sep 2012
Executive - Pricing | Apr 2014 – Mar 2015
Key responsibilities:
  • Perform various actuarial valuations including reserving, embedded value, stress testing and capital budgeting project.
  • Assist in the preparation of financial condition report, valuation report and other statutory reports.
  • Prophet modeling development and documentation.
  • All aspect of product development from product pricing and profit testing, preparation of actuarial product certification and product presentation papers to Board of Directors and Shariah Committee. Products include Investment-Linked, medical, group credit, term and whole life.
Selected achievement:
  • Developed and set-up the company’s first prophet model, which allows the company to compute its actuarial reserves and business projection effectively.
  • Profit-tested and filed 12 products to regulator, which allows the company to have its initial suite of products. Awarded the Best Employee of Q3 2009 in recognition of exemplary performance and outstanding contribution to the company.
Education
Institute and Faculty of Actuaries, United Kingdom | 2007 - Present
Diploma in Actuarial Techniques (for completion of all 9 Core Technical papers)
University of Southampton, United Kingdom | 2004 - 2007
Bachelor of Science (Hons): Mathematics with Actuarial Studies