Spotlight on New Fellow Khalid Sadequin

Khalid Sadequin

1. When and why did you become an actuary?

I first read about the actuarial profession in a newspaper. It mentioned that it is not easy to become an actuary and very few people successfully accomplish the qualification. I wanted to do something challenging and different, so I got very curious. The more I researched about it, the more I got interested, and soon I realised this will be my career path.

2. What was your experience of the actuarial exams? Did you experience any particular challenges?
I got very lucky with actuarial exams. I was very good in mathematics and the exams fit very well with my aptitude.

3. How did you find the transition from being a student to becoming a young professional?
The transition from being a student to becoming a professional first frees up a lot of time that one should use wisely. The level of responsibility increases and provides a wonderful opportunity to contribute as a qualified professional.

4. What is your current professional role? Can you describe the type of work you’re doing?
I am currently working in the capacity of director individual pricing at Sun Life. The main responsibility is to ensure that the products are competitive and provide value to the customers as well as produce adequate return for the shareholders.

5. What do you enjoy most about your job?
I enjoy the people part a lot. In my current role, I work with people from operations, underwriting, claims, IT, and marketing, most of them being non-actuaries. It is fantastic to contribute as an actuary and gain respect for what people in other areas are doing for the greater good of the organization.

I also like the transferable skills the actuarial profession provides. I had earlier gone for a two-and-half year deputation in the actuarial department of the company’s British office, and enjoyed each day of the assignment.

6. What has been your involvement with the CIA since obtaining your FCIA designation?

I am involved in the Individual Life and Annuities Exam Subcommittee of PEC (the Practice Education Course Organizing Committee).

7. What career would you follow if you weren’t an actuary?

When I was young, I wanted to be a National Geographic explorer. Although I did not end up becoming one, my explorer spirit is very much alive and I put the explorer hat on whenever I can.

8. What are your hobbies?

I enjoy reading, walking, and travelling.

9. Where is your dream vacation destination?

Switzerland. I have gone there once and explored the major cities. I was struck by its landscape and natural beauty and want to go there again and have some more time exploring the countryside.

10. What is your motto?

"Genius is 1 percent inspiration and 99 percent perspiration." – Thomas Edison

Khalid Sadequin, FCIA, is director individual health pricing at Sun Life Financial.

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Canadian Institute of Actuaries/Institut canadien des actuaires