Sergey Trofimov

Experience

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  Blagosostoyanie Pension Fund

  Nov 2010 - Jan 2012

  Chief specialist of Actuarial department

  • valuation of funds liability in accordance with local regulation in Excel, Matlab and MS Access.• development of pension schemes (actuarial calculations its financing and investing);• discretion benefits distribution.

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  PwC

  Feb 2012 - Mar 2016

  • valuation and audit support in accordance with IAS, IFRS (2, 4, 19, 32, 39) and US GAAP of non-life, life insurance and pension funds (more than 50 different Clients);• actuarial support in due diligence projects in insurance and pensions.• development of actuarial models (LAT models, employee benefits IAS19 models, Demographic analysis, Mortality investigation, Data analysis etc.) in SQL, VBA, Excel, Matlab.

  • Senior Consultant

    Sept 2014 - Mar 2016

  • Consultant

    Feb 2012 - Sept 2014
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  Central Bank of the Russian Federation (Bank of Russia)

  Apr 2016 - Feb 2021

  - Built the Actuarial Supervision Framework: Established the actuarial supervision process and an actuarial expertise function from the ground up, staffing it with 8 actuaries and taking decisive action to ensure professional standards by disqualifying actuaries.- Contributed to Robust Insurance Supervision: Employed rigorous methodologies to conduct statutory monitoring of insurance rates, mortality investigations, and reinsurance arrangements analyses. Provided ongoing, independent verification of insurance reserves, particularly during critical events like reorganizations or portfolio transfers.- Developed Comprehensive Regulations: Drafted and implemented over 10 insurance legislative acts and actuarial standards, playing a key role in shaping the regulatory landscape. Led efforts to update the Actuarial activity Federal Law, disclosure requirements for actuarial opinions, and the transition to IFRS 4 and IFRS 17 for actuarial matters. Played a key role in establishing Russia's new risk-based solvency regime.- Advanced the Actuarial Profession: Served on the Central Bank Corporate Pension Program Committee and the Certifying Commission. I also actively participated in international assessments (FSAP observance of ICP of IAIS), and actively promoted the actuarial profession through speaking engagements and forum organization. Show less

  • Head of actuarial practice

    Apr 2016 - Feb 2021

  • Consultant on actuarial matters

    Apr 2016 - Jul 2016
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  PwC

  Feb 2021 - Feb 2022

  Manager

  - actuarial consulting for transition to IFRS 17 for life insurance companies and pension funds;- actuarial support for audit review of life insurance companies and pension funds accounts in accordance with local GAAP and IFRS 4;- actuarial support for due diligence projects in insurance and pensions – embedded value valuation, actuarial appraisal;- actuarial support for audit review and actuarial valuation of liabilities in accordance with IAS 19.

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  Association of professional actuaries

  Apr 2021 - now

  Head of pension committee

  - development of recommendations on behalf of the Association of professional actuaries in respect of actuarial activities in pension (IFRS 17, IAS 19, solvency, etc.);- review of the draft legislative acts (mainly developed by Central Bank) in respect of actuarial activities, insurance, pension funds activities; - negotiation with the Central Bank in respect of development of actuarial profession, actuarial standards and legislative acts in actuarial sphere;- actuarial expertise in respect of actuarial activities in pension sphere upon request;- organization/participation in actuarial workshops and seminars. Show less

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  Russian Standard Insurance

  Feb 2022 - Apr 2022

  Chief Actuary

  - Leadership: Led actuarial and investment functions, including planning and budgeting.- Regulatory & Stakeholder Management: Led transitions to IFRS 17 and new solvency regime; negotiated with Central Bank, auditors, and other stakeholders.- Financial Stability Management: Secured financial stability through comprehensive liability valuations, ensuring solvency, accounting compliance (IFRS & local GAAP), and optimal reserve investment strategies.- Product Development: Provided pricing, actuarial, and investment support for product design. Show less

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  Lux Actuaries & Consultants

  Jun 2022 - now

  Consulting Actuary

  1. IFRS 9 Implementation & Support:- Implement and support clients with the transition to IFRS 9 accounting standards.- Develop and validate impairment models.- Value financial instruments at fair value.- Provide training and guidance on IFRS 9 requirements.2. Banking Solutions:- Build and implement risk models for financial institutions.- Develop credit scorecards for accurate loan assessments.- Optimize pricing strategies to maximize profitability.- Analyze customer data to predict customer lifetime value (CLTV).- Validate internal models for regulatory compliance.3. Data-Driven Transformation:- Conduct data maturity assessments to identify improvement areas.- Develop data integration strategies to streamline business operations.- Design use cases to leverage data for actionable insights.- Design analytics target operating models for long-term success.4. Insurance Industry Support:- Solvency valuations for insurance companies.- IFRS 17 implementation for insurance companies.5. Pension and other Post-employment Benefits Solutions:- IAS 19 valuation methods for pension plans- IFRS 2 valuation for share-based payments arrangements- Design models to support funding decisions for pension plans. Show less