Experience

Valani Global

• Canada
• Claims Adjusting, Actuarial Services
• 1 - 100 Employee

• Actuarial Consultant

  • Aug 2021 - Present

  Shafik Jutha, ASA, ACIAShafik began his career in the Canadian life insurance industry in 1980. His accumulated experience of 40+ years includes a variety of positions working for two life insurance companies and two major consulting firms. Shafik has a strong mix of actuarial skills in both pricing and valuation. His life insurance background includes corporate financial modeling and reporting, IFRS17, CALM, SOE, LICAT/LIMAT, DCAT, embedded value calculations, and product pricing.His insurance knowledge is supported by a strong technical background including end-to-end AXIS model conversions, vetting and reviews. He also has experience in administration and valuation of defined benefit pension plans and has experience supporting audit teams as an actuarial specialist.



KPMG Canada

• Actuarial Consultant

  • Aug 2012 - Aug 2021

  Shafik Jutha, ASA, ACIAShafik began his career in the Canadian life insurance industry in 1980. His accumulated experience includes a variety of positions working for two life insurance companies and a major consulting firm. Shafik has a strong mix of actuarial skills in both pricing and valuation. His life insurance background includes corporate financial modeling and reporting, CALM, sources of earnings, DCAT, AuG43, embedded value calculations, IFRS4 Phase II, and product pricing. His insurance knowledge is supported by a strong technical background including AXIS conversion work and APL programming. He also has experience in administration and valuation of defined benefit pension plans.At KPMG Canada, he is supports several audit teams as an actuarial specialist.



Valani Consulting Inc

• Actuarial Consultant

  • Apr 2008 - Jul 2012

  Shafik began his career in the Canadian life insurance industry in 1980. His accumulated experience includes a variety of positions working for two life insurance companies and a major consulting firm. Shafik has a strong mix of actuarial skills in both pricing and valuation. His life insurance background includes corporate financial modeling and reporting, CALM, sources of earnings, DCAT, AuG43, embedded value calculations, and product pricing. His insurance knowledge is supported by a strong technical background including AXIS conversion work and APL programming. He also has experience in administration and valuation of defined benefit pension plans.



Jubilee Insurance Company of Kenya

• CFO & Actuary

  • Jun 2007 - Mar 2008

  Responsibilities:1. Head of Finance - Strategic planning and develop annual budgets. - Monthly financial reporting to Management and Board with recommendations.- Assisted in evaluating an acquisition with recommendation to Board.- Prepared Board papers. 2. Life Insurance product design and pricing.- Mentoring and training actuarial staff.- Valuation of existing Life block of business.- Develop and implement actuarial methodologies for Medical/Life business valuation and reporting.



National Life of Canada

• Actuarial Associate

  • 1980 - 2005